Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    317 S Main St Standish, MI 48658

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $399,000

    Income-producing strip mall with highway frontage and diverse tenants.

    Lot size:
    0.87 Acres

    Property Features for 317 S Main St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.87 Acres

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Karen Wiltse
    Karen Wiltse
    Source: Elliman

    Listing Agency: WILTSE REALTY Listing Agent: Karen Wiltse

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Highway Frontage Strip Mall For Sale

    This commercial real estate property for sale features approximately 130 feet of highway frontage. The property includes paved parking and access to municipal water and sewer services. The existing 9,600 square foot mini strip mall offers various office and retail spaces. Current tenants include an Asian restaurant occupying 3,500 feet of space, a solar retail store, and a real estate office. The lot measures approximately 130 feet by 290 feet. The location may be suitable for a Super 8 or Motel 6 motel.
    Location Intelligence

    Current Use by Public Records

    China King Restaurant Wiltse Realty LLC Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Standish
    County
    Arenac
    State
    Michigan
    Longitude
    -83.959787
    Latitude
    43.984381

    Nearby Similar for Sale

    • New
      $2,000,000
      7,220 SF

      Standish Commercial Property on US-23

      High-visibility commercial property with retail space, storage, and expansion potential.
      4433 S Huron Rd, Standish, MI 48658
      View Details
    • $550,000
      3,638 SF

      Profitable Bar and Restaurant Business

      Thriving bar and restaurant near Saganing Eagles Landing Casino.
      5327 Shady Ln, Standish, MI 48658
      View Details
    • $399,000
      9,798 SF

      Highway Frontage Commercial Property

      Income-producing property with highway frontage, retail, and office spaces.
      317 S Main St, Standish, MI 48658
      View Details
    • $70,000
      1,890 SF

      Main Street Retail/Office Building

      Retail and office building with frontage on Main Street.
      315 S Main St, Standish, MI 48658
      View Details
    • Contact for pricing
      10,141 SF

      Standish Investment Opportunity For Sale

      Fully leased investment property with long-term tenant in Standish, MI.
      3709 Deep River Rd, Standish, MI 48658
      View Details
    • $70,000

      Income Property on Main Street

      Attractive income property for sale with frontage on Main Street.
      315 S Main St, Standish, MI 48658
      View Details
    • $499,000
      3,638 SF

      Lake Huron Bar & Restaurant - Standish, MI

      Thriving bar & restaurant, prime location, high potential.
      5327 Shady Ln, Standish, MI 48658
      View Details
    • $390,000
      2,112 SF

      Established Bar & Rental Property

      Standish, MI Industrial Investment Opportunity
      4371 Huron Rd, Standish, MI 48658
      View Details
    • $1,200,000
      10,141 SF

      Standish Office Investment Opportunity

      Fully Leased, 8% Cap Rate, Michigan
      3709 Deep River Rd, Standish, MI 48658
      View Details
    • $89,000
      1,964 SF

      Historic Schoolhouse - Huge Potential

      1,964 sq ft, 1-acre lot, high traffic.
      3071 Worth Rd, Standish, MI 48658
      View Details

    FAQs

    What type of property is this?
    Strip mall - Income-producing strip mall with highway frontage and diverse tenants.
    Where is this strip mall located?
    The property is located at 317 S Main St Standish, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Excellent income-producing commercial property.; - 9,600 sq ft mini strip mall with office and retail spaces.; - Approximately 130 ft of highway frontage.
    (989) 254-7371
    Request Owner's contact information
    317 S Main St Standish, MI 48658
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    317 S Main St
    Standish, MI 48658
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    317 S Main St Standish, MI 48658
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Karen Wiltse
    Karen Wiltse
    (989) 254-7371 (989) 737-4078
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!