Listing Agency: Coldwell Banker Weir Manuel Hoppough

Listed By: James Schab · License #MI

Source: Crexi

Added: Apr 12 Changed: Aug 25 Last Checked: Aug 31 at 2:05AM

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Investment Insights

Based on property information with market context.

This mixed-use income property includes seven total units: four apartments, a post office, retail space, and office space. The building has been meticulously maintained and updated, including a newer rubberized roof and newer electrical systems. A reported good rental history may support stable occupancy considerations.

The property is located at 104 Prairie Street in Lyons Twp, MI 48851.

For investors or operators seeking a multi-revenue configuration, the combination of residential units and dedicated retail/office/post office space provides a diversified income stream within a single building.

Key Highlights

• 7‑unit property with 4 apartments plus retail, office space, and a post office
• Meticulously maintained building with updated features
• Newer rubberized roof

Property Analytics

Property Profile

Current Use

LyonsApartment.com Apartment Building

Suggested Use

Top Pick Auto Repair Shop Furniture & Home Goods Computer & Electronic Repair Tech Support Center Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

4

Residential units

Location Intelligence

Trade Area within ½ mile

34

Businesses Nearby

Explore this area Business Placement

Demographics for 48851, MI

2,394

Population

924

Households

2.6

Avg Household Size

42

Median Age

15%

College-Educated

93%

High-School Grad

33.0 sq mi

ZIP Area

73

Density / Sq Mi

$64,271

Median Household Income

$42,153

Median Earnings

$1,088

Median Rent

$136,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Seven-unit building with apartments plus retail, office space, and a post office, maintained and updated for strong rental history.

Where is this apartment building located?

The property is located at 104 Prairie Street Lyons, MI.

What are key features of this property?

This property features: 7‑unit property with 4 apartments plus retail, office space, and a post office; Meticulously maintained building with updated features; Newer rubberized roof