Mixed-Use Building with
For Sale
$645,000
132 N Main St, Brooklyn, MI 49230
Main Street storefront paired with finished commercial space and an upstairs residential unit.
Property Size7,304 SF
Price / SF$88.31
Days on Market48
Property Features for 132 N Main St
General Information
Standard status
Active
Size
7,304 SF
Total Parking Spaces
15
Building Details
Year Built
1940
Listing Agency:
The Brokerage House
Listed By:
JENIFER SCANLON, Cori Baumann
Source:
Katie-k
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 7 at 3:30PM
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 The Brokerage House
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Investment Insights
Based on property information with market context.
Built in 1940, this 7,304-square-foot mixed-use building combines commercial and residential components. The upper level contains a finished 2-bedroom, 1-bath apartment, while the main floor includes a storefront and 3,000 square feet of finished space suitable for continued retail use or professional occupancy.
The property includes an owned parking lot with 12–15 spaces, a useful feature for both the commercial operation and residential component. Located at 132 N Main St in Brooklyn, Michigan, the building is positioned among boutiques, home décor shops, a pub, coffeehouses, dining options, wineries, golf courses, and lakes.
The property includes an owned parking lot with 12–15 spaces, a useful feature for both the commercial operation and residential component. Located at 132 N Main St in Brooklyn, Michigan, the building is positioned among boutiques, home décor shops, a pub, coffeehouses, dining options, wineries, golf courses, and lakes.
Key Highlights
- 7,304‑square‑foot mixed‑use building built in 1940
- Finished 2‑bedroom, 1‑bath apartment on the upper level
- Main‑level storefront with 3,000 sqft of finished space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,371
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,420
$1.0M
Cap Rate 7%
$719,586
$719.6K
Cap Rate 9%
$559,678
$559.7K
Market Conditions
NOI Build-Up for 7,304 SF
Gross rent
$87.6K $12.00/SF
− Vacancy
−$15.7K −$2.15/SF
EGI
$72.0K $9.85/SF
− OpEx
−$21.6K −$2.96/SF
NOI
$50.4K $6.90/SF
Area
Jackson County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,420
Cap Rate 7%
$719,586
Cap Rate 9%
$559,678
Alternative Uses
Best Use
Mixed Use
$864.7K
$756.7K – $1.01M
NOI $60,532 @ 7.0% cap · market cap 9.38%
Second Best
Retail
$719.6K
$629.6K – $839.5K
NOI $50,371 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,618 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
80k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 24%
Home Improvements & Furnishings 19%
Hotels & Casinos 7%
McDonald's
Dining
18,290 visits/mo
0.2 miles
Big Boy
Dining
9,962 visits/mo
0.3 miles
Dollar General
Shops & Services
9,230 visits/mo
0.2 miles
Family Farm & Home
Home Improvements & Furnishings
8,660 visits/mo
0.3 miles
Taco Bell
Dining
6,729 visits/mo
0.3 miles
Demographics for 49230, MI
10,364
Population
6,108
Households
1.7
Avg Household Size
52
Median Age
27%
College-Educated
96%
High-School Grad
64.0 sq mi
ZIP Area
162
Density / Sq Mi
$81,052
Median Household Income
$52,448
Median Earnings
$1,116
Median Rent
$252,800
Median Home Value
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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 - Main Street storefront paired with finished commercial space and an upstairs residential unit.
Where is this mixed-use property located?
The property is located at 132 N Main St Brooklyn, MI.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 7,304‑square‑foot mixed‑use building built in 1940; Finished 2‑bedroom, 1‑bath apartment on the upper level; Main‑level storefront with 3,000 sqft of finished space
