Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Retail and Office Space Title is generated by Realmo AI

    69206 N Main St N 100, Richmond, MI 48062

    View on Map
    Claim this Listing
    New
    For Lease
    $1,200/Mo $11 SF/Yr (calc)

    Light-filled storefront with large windows and flexible interior layout for retail or office use.

    Type:Commercial
    Property size:
    1,260 SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 2:05 am

    Property Features for 69206 N Main St N 100

    General Information

    Standard status
    Active
    Size
    1,260 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Travis B Cota

    Listing agent Travis B Cota License #253755

    Listing office RE/MAX Classic

    Listing date Jun 3, 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 RE/MAX Classic

    HighLights

    • Historic commercial building built in 1920 on a prominent downtown Richmond corner with storefront windows
    • Light‑filled storefront with large windows and an open layout for flexible retail or office use
    • Includes 1,260 SF with an additional daylight area accessed from a split staircase
    • Flexible B‑2 Downtown zoning suitable for uses such as restaurant, coffee shop, deli/donuts, retail boutique, or office
    • Landlord will help with buildout; easy access to show with lockbox

    Overview

    This rental space is a prominent corner storefront featuring large, light-filled storefront windows. Inside, the layout is open and ready for tenant design input, with a split staircase leading up to an additional area described as 1,260 square feet and noted as having additional daylight.

    Located in a historic, walkable downtown setting, the space benefits from corner visibility and direct street presence. The property is described as having easy access for showings and using a lockbox for convenient entry.

    Zoned for B-2 Downtown, the space is positioned for a range of uses, including potential restaurant, coffee shop, deli, donuts, retail boutique, or an office setup. The landlord indicates it will help with buildout, which can be helpful for tenants planning interior improvements to match their operating concept.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Richmond Flower Shop — 69001 Main St, Richmond, MI 48062
    • Flower Carousel — Richmond, MI 48062

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Macomb
    State
    Michigan
    Longitude
    -82.756513
    Latitude
    42.81064

    Nearby Similar for Lease

    • $1,400/Mo
      5,750 SF

      Versatile Office Space for Lease

      Spacious office with flexible layout, ideal for various professional uses.
      33850 Armada Ridge Road, Richmond, MI 48062
      View Details
    • $1,200/Mo
      4,860 SF

      Downtown Richmond Commercial Corner Retail

      Visible corner retail space in historic downtown Richmond, Michigan.
      69206 N Main Street N, Richmond, MI 48062
      View Details
    • $1,400/Mo

      Two-Story Professional Office Suite

      Two-level office suite includes private offices, a loft, kitchen, and two full bathrooms with all utilities included.
      33850 Armada Ridge Rd, RichmondTownship_Macomb, MI 48062
      View Details
    • $5,400/Mo

      Retail Space in High-Traffic Area

      Retail space available in a high-traffic downtown location.
      69264 Main St, Richmond, MI 48062
      View Details
    • Contact for pricing
      1,929 SF

      Retail Space on Gratiot Avenue

      Turn-key retail space with high traffic exposure for lease.
      66759 Gratiot Ave, Richmond, MI 48062
      View Details
    • $4 SF/Yr
      81,000 SF

      Richmond Retail/Warehouse Opportunity

      81,000 SF retail or warehouse space for lease.
      67300 Main St, Richmond, MI
      View Details
    • $14 SF/Yr

      Retail Space For Lease

      Retail space available for lease in Richmond, Michigan.
      Gratiot, 31 Mile, Main Street & County Line Road, Richmond, MI 48062
      View Details

    FAQs

    What type of property is this?
    Storefront property - Light-filled storefront with large windows and flexible interior layout for retail or office use.
    Where is this storefront property located?
    The property is located at 69206 N Main St N 100 Richmond, MI.
    What is the lease rate?
    The lease rate is $1,200 /Mo.
    What are key features of this property?
    This property features: Historic commercial building built in 1920 on a prominent downtown Richmond corner with storefront windows; Light‑filled storefront with large windows and an open layout for flexible retail or office use; Includes 1,260 SF with an additional daylight area accessed from a split staircase
    (248) 684-6655
    We can help!
    Listing Contact
    Travis B Cota
    Real Estate License ID: 253755
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    69206 N Main St N 100, Richmond, MI 48062
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!