Victorian Mixed-Use
185 S Main Street Romeo, MI 48065
For Sale
$649,000
COMMERCIAL - Romeo, MI
Property Size5,539 SF
Lot Size0.52 Acres
Price / SF$117.17
Days on Market179
Property Features for 185 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Standard status
Active
APN
28-04-02-135-006
Size
5,539 SF
Lot size
0.52 Acres
Utilities
Heating system
Forced Air
Water source
Public, Well
Building Details
Year built
1877
Roof type
Shingle
Listing Agency:
Realty Executives Home Towne Romeo
(586) 786-4617
Listed By:
AL KELLER · License #6502347786
(586) 752-4202
Added: Jan 30
Changed: Jun 22
Last Checked: Jul 28 at 5:06AM
MLS# 50198526
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.
Investment Insights
Based on property information with market context.
This Victorian home has been updated and is configured for flexible occupancy under Village zoning, with suitability noted for bed-and-breakfast, office space, or residential uses. The property includes a three-car garage, a renovated kitchen, updated windows and electrical, and some original hardwood floors that have been refinished. Interior layout is supported by five full baths and two powder rooms, and an elevator is included for added accessibility.
Located in the heart of Romeo, the home is described as walkable to shopping, restaurants, and Romeo’s Peach Festival and related festivities. Additional convenience is provided by significant off-street parking located in the rear of the property. Possession is available at closing, and land contract terms are also noted as an option.
With multiple-use zoning and a multi-bath configuration, the building can fit buyers looking for a hospitality-style setup, a professional office environment, or a residential conversion that benefits from on-site parking and the included elevator. The extensive list of improvements—along with the presence of a three-car garage—supports a tenant or owner seeking a ready-to-use property rather than one requiring immediate major modernization.
Located in the heart of Romeo, the home is described as walkable to shopping, restaurants, and Romeo’s Peach Festival and related festivities. Additional convenience is provided by significant off-street parking located in the rear of the property. Possession is available at closing, and land contract terms are also noted as an option.
With multiple-use zoning and a multi-bath configuration, the building can fit buyers looking for a hospitality-style setup, a professional office environment, or a residential conversion that benefits from on-site parking and the included elevator. The extensive list of improvements—along with the presence of a three-car garage—supports a tenant or owner seeking a ready-to-use property rather than one requiring immediate major modernization.
Key Highlights
- Victorian home built in 1877 with forced air heating and a shingle roof
- Village zoning allows for many uses, including potential for bed and breakfast, office space, B&B, or residential
- Water service includes both public and well water sources
Financial Insights For Hotel Hospitality
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 | $99.7k | $18.00 |
| − Vacancy | −$54.8k | −$9.90 |
| EGI | $44.9k | $8.10 |
| − OpEx | −$23.6k | −$4.25 |
| NOI | $21.3k | $3.85 |
5,539 SF · lease $18.00/SF/yr · vacancy 55.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$304.4K
$266.4K – $355.2K
NOI $21,311 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.04M
$907.4K – $1.21M
NOI $72,589 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Hudson Inn, Bed and Breakfast — 198 W St Clair St, Romeo, MI 48065
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Village-zoned Victorian property offers flexible use options, elevator convenience, and ample off-street parking in the rear.
Where is this bed & breakfast located?
The property is located at 185 S Main Street Romeo, MI.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Victorian home built in 1877 with forced air heating and a shingle roof; Village zoning allows for many uses, including potential for bed and breakfast, office space, B&B, or residential; Water service includes both public and well water sources
