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    Storefront with Flexible Interior Layout Title is generated by Realmo AI

    134 W Main Street, Midland, MI 48640

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    For Sale
    $319,000

    COMMERCIAL - Midland, MI

    Property size:
    1,000 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $319/SF
    Added:
    Nov 24, 2025
    Days on Market:
    192
    Last Refresh:
    Jun 4 at 10:06 am

    Property Features for 134 W Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    180-141-650-552-00
    Size
    1,000 SF
    Lot size
    0.03 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Jennifer Slavik
    Jennifer Slavik

    Listing agent Jennifer Slavik License #6501433519

    Listing office Century 21 Signature Realty Midland 409 Ashman Suite #3, Saginaw, MI

    Listing date Nov 24, 2025

    MLS# 50194972

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Directly on W. Main Street in downtown Midland with storefront windows and pedestrian‑oriented frontage
    • Large storefront windows and a flexible interior layout adaptable to dining, retail, or mixed‑use concepts
    • Adjacent to The Commons, a two‑block pedestrian plaza with dining patios, live music, games, and community events
    • Just steps from the Tridge, a three‑way wooden pedestrian bridge spanning the Chippewa and Tittabawassee Rivers
    • Public water service available
    • Year built: 1900

    Overview

    134 W. Main Street is a conventional commercial storefront with large storefront windows and a flexible interior layout designed to adapt to a range of uses. The space is set up to support retail, dining, or a mixed-use concept, making it suitable for tenants seeking a ground-floor retail presence with an interior that can be configured for their needs.

    The property is positioned directly on Main Street and is adjacent to The Commons, a two-block pedestrian plaza. The area is designed for pedestrian activity and features outdoor dining patios, live entertainment, and community events during the spring through fall seasons. The location is also described as steps from the Tridge, a three-way wooden pedestrian bridge spanning the Chippewa and Tittabawassee Rivers.

    For operators looking for visibility and a walkable, street-level customer experience, this property offers a practical format: storefront frontage with a layout that can accommodate a dining room, boutique retail, or an experiential use such as a gallery or design studio. It also presents an option for buyers seeking a downtown-oriented commercial asset with a configuration intended to support both food service and retail uses within the same footprint.
    Property Profile Location Intelligence

    Current Use by Public Records

    Craft Hemp Company Alternative Medicine Practice Amazing Deli Food Market

    Suggested Use

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

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

    Similar Places Nearby

    • Lapelle's Flowers & Gifts — 1605 Bookness St, Midland, MI 48640

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.245761
    Latitude
    43.613744

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    FAQs

    What type of property is this?
    Storefront property - Street-facing storefront windows and a flexible interior support retail, dining, or mixed-use concepts near a downtown pedestrian plaza.
    Where is this storefront property located?
    The property is located at 134 W Main Street Midland, MI.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: Directly on W. Main Street in downtown Midland with storefront windows and pedestrian‑oriented frontage; Large storefront windows and a flexible interior layout adaptable to dining, retail, or mixed‑use concepts; Adjacent to The Commons, a two‑block pedestrian plaza with dining patios, live music, games, and community events
    (734) 260-3013
    We can help!
    Listing Contact
    Jennifer Slavik
    Jennifer Slavik
    Real Estate License ID: 6501433519
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    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.

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