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    Main Street Mixed-Use Property Title is generated by Realmo AI

    19 E Main Street, Fremont, MI 49412

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    For Sale
    $260,000

    COMMERCIAL - Fremont, MI

    Type:Retail
    Property size:
    5,900 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $44/SF
    Added:
    Jul 5, 2025
    Days on Market:
    318
    Last Refresh:
    May 18 at 6:06 am

    Property Features for 19 E Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    3
    Rooms
    Basement, Bathroom 3, Bathroom 2, Bathroom 1
    Parking
    20
    Interior features
    Broadband
    Standard status
    Active
    APN
    13-35-485-031
    Size
    5,900 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    COM 42.5 FT W OF SE COR LOT 7 BLK 27 TH N 132 FT W 28 FT S 132 FT E 28 FT TO BEG ALSO PAR 6 IN WD ADJ SD PAR ON E EMPIR
    Tax Annual Amount
    5643

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air

    Building Details

    Year built
    1920
    Number of units
    3
    Building materials
    Brick

    We can help!

    Listing Contact
    Randy Poll

    Listing agent Randy Poll License #6501317630

    Listing office Greenridge Realty Inc 1311 W Main, Saranac, MI

    Listing date Jul 5, 2025

    MLS# 25032738

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime downtown Main Street location suitable for investment or business.
    • Combination of approximately 2900 sq ft storefront with full basement and two 2‑bedroom, 1‑bath apartments.
    • Recent upgrades include new facade, new roof (with transferable warranty), and new LED lighting.
    • Proven rental history.
    • Durable brick construction.
    • Broadband and cable availability.

    Overview

    This mixed-use property is located on Main Street in downtown Fremont, Michigan. The building includes two apartments on the upper level, each featuring two bedrooms and one bathroom. The ground floor comprises a storefront space of approximately 2900 square feet, along with a full basement. The property has undergone renovations, including a new facade and a new roof within the past two years. New LED lighting has also been installed. The property has a rental history. The lot size is 0.09 acres. The building's total size is 5900 square feet. The property presents an opportunity for investment or a new business venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Fremont
    County
    Newaygo
    State
    Michigan
    Longitude
    -85.944029
    Latitude
    43.467388

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    FAQs

    What type of property is this?
    Mixed-use property - Downtown Fremont investment opportunity with storefront and apartments.
    Where is this mixed-use property located?
    The property is located at 19 E Main Street Fremont, MI.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: Prime downtown Main Street location suitable for investment or business.; Combination of approximately **2900 sq ft storefront with full basement** and two 2‑bedroom, 1‑bath apartments.; Recent upgrades include **new facade, new roof (with transferable warranty), and new LED lighting.**
    (231) 924-8668
    We can help!
    Listing Contact
    Randy Poll
    Real Estate License ID: 6501317630
    Learn More
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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.

    More about this property
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