112 E Third St Imlay City, MI 48444
3,784 sq ft mixed-use building with prime Main Street exposure.
- Added:
- Mar 12, 2026
- Days on Market:
- 123
- Last Refresh:
- Jul 2 at 5:59 pm
Property Features for 112 E Third St
General Information
- Standard status
- Active
- Size
- 3,784 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1890
Listing office Pilot Property Group, Inc. (586) 873-5419
Listing date Mar 12, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Pilot Property Group, Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- Prime downtown Main Street exposure
- Heavy power, water, and natural gas capacity suitable for restaurant or bar use
- Rebuilt and renovated with contemporary utilities and fire suppression
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.1k | $18.00 |
| − Vacancy | −$8.2k | −$2.16 |
| EGI | $59.9k | $15.84 |
| − OpEx | −$22.5k | −$5.94 |
| NOI | $37.5k | $9.90 |
