Rebuilt Retail Storefront
214 S Broad ST Holly, MI 48442
214 S Broad ST, Holly, MI, 48442
Contact for pricing
For Sale
Contact for pricing
Pending
Brand-new storefront rebuilt after fire with new insulation, HVAC duct work, electrical, and furnace.
Property Size1,520 SF
Days on Market437
Property Features for 214 S Broad ST
General Information
- Standard status
- Pending
- Size
- 1,520 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Commercial Premier
Listed by
Darwin Conley · License #MI
Source
Crexi
Added: May 12, 2025 Updated: Jul 22 at 12:58PM Checked: Jul 22 at 12:58PM
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 Coldwell Banker Commercial Premier
Investment Insights
Based on property information with market context.
This storefront has been completely gutted, cleaned, and rebuilt due to the Holly Hotel fire, resulting in a brand-new space available for immediate occupancy. Improvements include new insulation, duct work, electrical work, and a new furnace, with construction details shown in the photos. The property was previously the Balcony Books bookstore, and the interior is ready for a tenant to design a retail-oriented layout to suit their business needs.
Located across from Crapo Park, the storefront is within walking distance of downtown Holly’s shops and restaurants. The area is also associated with the Dickens Festival and the historical Battle Alley.
There is also potential to acquire the adjacent space at 216 for expansion, if desired.
Located across from Crapo Park, the storefront is within walking distance of downtown Holly’s shops and restaurants. The area is also associated with the Dickens Festival and the historical Battle Alley.
There is also potential to acquire the adjacent space at 216 for expansion, if desired.
Key Highlights
- Completely gutted and rebuilt after the Holly Hotel fire; brand‑new space for a business storefront
- New insulation, HVAC duct work, electrical, and furnace installed
- Former Balcony Books bookstore location across from Crapo Park
Local Financial Insights For Retail
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 | $25.5k | $16.80 |
| − Vacancy | −$2.2k | −$1.43 |
| EGI | $23.4k | $15.37 |
| − OpEx | −$7.0k | −$4.61 |
| NOI | $16.4k | $10.76 |
1,520 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Healthcare Medical
$293.8K
$257.1K – $342.8K
NOI $20,569 @ 7.0% cap · market cap 10.28%
Second Best
Retail
$233.7K
$204.5K – $272.6K
NOI $16,356 @ 7.0% cap · market cap 8.18%
Theoretical Best
Specialty Retail
$327.9K
$286.9K – $382.5K
NOI $22,950 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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Similar Off Market Nearby
- Blumz Florist — 114 S Saginaw St, Holly, MI 48442
FAQs
What type of property is this?
Storefront property - Brand-new storefront rebuilt after fire with new insulation, HVAC duct work, electrical, and furnace.
Where is this storefront property located?
The property is located at 214 S Broad ST Holly, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Completely gutted and rebuilt after the Holly Hotel fire; brand‑new space for a business storefront; New insulation, HVAC duct work, electrical, and furnace installed; Former Balcony Books bookstore location across from Crapo Park
