Renovated Mixed-Use Corner
145 Riley St Dundee, MI 48131
For Sale
$850,000
Renovated three-floor mixed-use building with strong accessibility for retail and flex operations.
Property Size4,200 SF
Price / SF$202.38
Days on Market52
Property Features for 145 Riley St
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Retail
Building Details
Year Built
1837
Listing Agency:
Keller Williams Living
(313) 312-5764
Listed By:
Trevor L Brooks · License #6501448878,MICHIGAN
(313) 312-5764
Source:
Cpix.resimplifi
Added: Jun 8
Changed: Jul 10
Last Checked: Jul 29 at 3:30AM
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 Keller Williams Living
Investment Insights
Based on property information with market context.
This renovated mixed-use building offers approximately 4,200 square feet of versatile space across three floors. It is currently occupied by a market business, with community flex space on the second floor. Recent improvements include a new roof and a new HVAC system, supporting comfort and operational efficiency. An elevator provides access to the second floor, improving convenience for customers and tenants using the upper-level space.
The property is located in the central business district of Dundee, described as a high-visibility corner site. The downtown setting and mixed-use configuration are intended to support both ongoing commercial operations and additional flexible uses within the building.
For buyers or operators looking for a downtown property with multiple functional areas, this setup provides a ground-level market business plus separate second-floor flex space. The combination of renovated building systems, elevator access to the second floor, and an existing commercial use can support a range of tenant and operator scenarios within one address.
The property is located in the central business district of Dundee, described as a high-visibility corner site. The downtown setting and mixed-use configuration are intended to support both ongoing commercial operations and additional flexible uses within the building.
For buyers or operators looking for a downtown property with multiple functional areas, this setup provides a ground-level market business plus separate second-floor flex space. The combination of renovated building systems, elevator access to the second floor, and an existing commercial use can support a range of tenant and operator scenarios within one address.
Key Highlights
- Renovated downtown Dundee mixed‑use building built in 1837
- 4,200 SF across three floors with market business on the ground floor
- Community flex space on the second floor for additional retail or flexible use
Financial Insights For Specialty 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 | $59.0k | $14.04 |
| − Vacancy | −$4.4k | −$1.05 |
| EGI | $54.5k | $12.99 |
| − OpEx | −$13.6k | −$3.25 |
| NOI | $40.9k | $9.74 |
4,200 SF · lease $14.04/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Industrial
$3.57M
$3.12M – $4.16M
NOI $249,714 @ 7.0% cap · market cap 29.38%
Second Best
Specialty Retail
$584.4K
$511.4K – $681.8K
NOI $40,909 @ 7.0% cap · market cap 4.81%
Theoretical Best
Warehouse
$4.33M
$3.79M – $5.05M
NOI $303,224 @ 7.0% cap · market cap 35.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Renovated three-floor mixed-use building with strong accessibility for retail and flex operations.
Where is this grocery and convenience store located?
The property is located at 145 Riley St Dundee, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Renovated downtown Dundee mixed‑use building built in 1837; 4,200 SF across three floors with market business on the ground floor; Community flex space on the second floor for additional retail or flexible use
