Mixed-Use Property with Commercial
For Sale
$399,900
124 Brooklyn Road, Napoleon, MI 49261
Commercial Sale, Napoleon, MI
Property Size3,111 SF
Lot Size0.63 Acres
Price / SF$128.54
Days on Market93
Property Features for 124 Brooklyn Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
10
Elementary school district
Napoleon
Middle school district
Napoleon
High school district
Napoleon
Standard status
Active
APN
000-14-36-477-018-00
Size
3,111 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG AT INTERSECTION OF STONEY LAKE RD WITH THE E LN OF SEC 36 TH W ALGCEN LN OF SD RD 145 FT TO A PT FOR POB OF THIS DES
Tax Annual Amount
2929
Legal Description
BEG AT INTERSECTION OF STONEY LAKE RD WITH THE E LN OF SEC 36 TH W ALGCEN LN OF SD RD 145 FT TO A PT FOR POB OF THIS DES
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
The Brokerage House
(517) 788-8733
Listed By:
JENIFER SCANLON · License #6506047254
(734) 664-6789
Added: Jul 17
Changed: Oct 2
Last Checked: Oct 17 at 8:06AM
MLS# 26036895
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The property combines ground-floor commercial space with a separate apartment above. The commercial area is fitted with a commercial kitchen, and its equipment is included in the sale. The upper apartment has a long-term tenant. The site encompasses 0.63 acres and includes monument signage and on-site parking.
Building updates include a newer roof, exterior paint, electrical work, central air conditioning, two tankless water heaters, and kitchen system improvements. The building dates to 1960 and has forced-air heating and natural gas availability.
Building updates include a newer roof, exterior paint, electrical work, central air conditioning, two tankless water heaters, and kitchen system improvements. The building dates to 1960 and has forced-air heating and natural gas availability.
Key Highlights
- Commercial kitchen with equipment included
- Upper‑level apartment occupied by a long‑term tenant
- 0.63‑acre site with on‑site parking and monument signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,559
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,180
$591.2K
Cap Rate 7%
$422,271
$422.3K
Cap Rate 9%
$328,433
$328.4K
Market Conditions
NOI Build-Up for 3,111 SF
Gross rent
$42.9K $13.80/SF
− Vacancy
−$3.5K −$1.13/SF
EGI
$39.4K $12.67/SF
− OpEx
−$9.9K −$3.17/SF
NOI
$29.6K $9.50/SF
Area
Jackson County, MI
Vacancy
8.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,180
Cap Rate 7%
$422,271
Cap Rate 9%
$328,433
Alternative Uses
Best Use
Specialty Retail
$422.3K
$369.5K – $492.7K
NOI $29,559 @ 7.0% cap · market cap 7.39%
Second Best
Mixed Use
$368.3K
$322.3K – $429.7K
NOI $25,782 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$496.6K
$434.6K – $579.4K
NOI $34,764 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 10%
Exxon
Shops & Services
14,142 visits/mo
0.2 miles
Dollar General
Shops & Services
7,272 visits/mo
0.3 miles
SUBWAY
Dining
2,615 visits/mo
0.1 miles
BP
Shops & Services
1,813 visits/mo
0.1 miles
Demographics for 49261, MI
356
Population
103
Households
3.5
Avg Household Size
35
Median Age
20%
College-Educated
77%
High-School Grad
0.7 sq mi
ZIP Area
509
Density / Sq Mi
$89,063
Median Household Income
$218,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An upper-level apartment is occupied by a long-term tenant, complementing the ground-floor commercial space.
Where is this mixed-use property located?
The property is located at 124 Brooklyn Road Napoleon, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Commercial kitchen with equipment included; Upper‑level apartment occupied by a long‑term tenant; 0.63‑acre site with on‑site parking and monument signage
