Bridal Retail Space with
For Sale
$160,000
1795 Cedar Street, Imlay City, MI 48444
Sale includes dresses, accessories, and furniture for continued boutique retail use.
Property Size1,300 SF
Days on Market8
Property Features for 1795 Cedar Street
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Business Opportunity
Zoning
Commercial, Light Industry
Additional Details
Business Included
Yes
Building Details
Building Size
1,300 SF
Year Built
9999
Stories
1
Listing Agency:
Realty Executives Main St LLC
(586) 365-8185
Listed By:
Susan Palmer
(586) 365-8185
Source:
Phgrealty
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 9 at 7:29AM
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 Realty Executives Main St LLC
Investment Insights
Based on property information with market context.
This retail space is operated as a bridal and dress boutique in Imlay City, with dresses, accessory inventory, and furniture included in the sale. The men's line is excluded. The business has received over 100 Five Star Reviews and is currently operated under a month-to-month lease, with utilities billed separately.
The property carries Commercial, Light Industry zoning. The current owner is available to provide up to 2 weeks of training, if needed, and may discuss continued employment with existing staff.
The property carries Commercial, Light Industry zoning. The current owner is available to provide up to 2 weeks of training, if needed, and may discuss continued employment with existing staff.
Key Highlights
- Bridal and dress boutique business in Imlay City
- Dresses, accessory inventory, and furniture included in the sale
- Men's line excluded from the sale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,965
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$179,300
$179.3K
Cap Rate 7%
$128,071
$128.1K
Cap Rate 9%
$99,611
$99.6K
Market Conditions
NOI Build-Up for 1,300 SF
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.
Gross rent
$15.6K $12.00/SF
− Vacancy
−$2.8K −$2.15/SF
EGI
$12.8K $9.85/SF
− OpEx
−$3.8K −$2.96/SF
NOI
$9.0K $6.90/SF
Area
Lapeer 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$179,300
Cap Rate 7%
$128,071
Cap Rate 9%
$99,611
Alternative Uses
Best Use
Retail
$128.1K
$112.1K – $149.4K
NOI $8,965 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$212.9K
$186.3K – $248.4K
NOI $14,902 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
187k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Shops & Services 32%
Groceries 23%
Home Improvements & Furnishings 8%
Kroger
Groceries
42,156 visits/mo
0.4 miles
Speedway
Shops & Services
30,108 visits/mo
0.1 miles
Tim Hortons
Dining
16,264 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
14,594 visits/mo
0.2 miles
Wendy's
Dining
13,323 visits/mo
0.2 miles
Demographics for 48444, MI
9,420
Population
4,140
Households
2.3
Avg Household Size
41
Median Age
13%
College-Educated
86%
High-School Grad
81.5 sq mi
ZIP Area
116
Density / Sq Mi
$69,010
Median Household Income
$35,815
Median Earnings
$800
Median Rent
$237,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Sale includes dresses, accessories, and furniture for continued boutique retail use.
Where is this retail space located?
The property is located at 1795 Cedar Street Imlay City, MI.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Bridal and dress boutique business in Imlay City; Dresses, accessory inventory, and furniture included in the sale; Men's line excluded from the sale
