Storefront Retail
For Sale
$999,000
200 N 5th Street, Roscommon, MI 48653
COMMERCIAL - Roscommon, MI
Property Size6,181 SF
Lot Size0.14 Acres
Price / SF$161.62
Days on Market52
Property Features for 200 N 5th Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Roscommon
Middle school district
Roscommon
High school district
Roscommon
Standard status
Active
APN
055-608-012-0000
Size
6,181 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
All measurements are Estimates
Tax Annual Amount
2483
Legal Description
All measurements are Estimates
Building Details
Year built
1986
Number of units
1
Listing Agency:
Xavier Realty
(248) 223-9830
Listed By:
Bradley Korn
(248) 985-8509
Added: Jul 1
Changed: Aug 7
Last Checked: Aug 21 at 10:06AM
MLS# 26033258
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.
Investment Insights
Based on property information with market context.
This for-sale storefront retail property is located at 200 N 5th Street in Roscommon, Michigan. The offering includes approximately 6,181 square feet of space on a 0.14-acre lot.
The property is presented as a retail asset and can be evaluated for a variety of storefront-oriented uses based on tenant and operational requirements. Prospective buyers and brokers can review the building configuration and site dimensions during due diligence to confirm fit for their intended program.
Additional property details beyond the basic size and lot information were not provided with this listing, so interested parties are encouraged to request the available documents to better understand the existing improvements and any applicable considerations.
The property is presented as a retail asset and can be evaluated for a variety of storefront-oriented uses based on tenant and operational requirements. Prospective buyers and brokers can review the building configuration and site dimensions during due diligence to confirm fit for their intended program.
Additional property details beyond the basic size and lot information were not provided with this listing, so interested parties are encouraged to request the available documents to better understand the existing improvements and any applicable considerations.
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
$44,755
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
4.48%
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%
$895,100
$895.1K
Cap Rate 7%
$639,357
$639.4K
Cap Rate 9%
$497,278
$497.3K
Market Conditions
NOI Build-Up for 6,181 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
$74.2K $12.00/SF
− Vacancy
−$10.2K −$1.66/SF
EGI
$63.9K $10.34/SF
− OpEx
−$19.2K −$3.10/SF
NOI
$44.8K $7.24/SF
Area
Roscommon County, MI
Vacancy
13.80%
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%
$895,100
Cap Rate 7%
$639,357
Cap Rate 9%
$497,278
Alternative Uses
Best Use
Retail
$639.4K
$559.4K – $745.9K
NOI $44,755 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$890.1K – $1.19M
NOI $71,205 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 48653, MI
9,598
Population
9,814
Households
1
Avg Household Size
55
Median Age
27%
College-Educated
93%
High-School Grad
241.8 sq mi
ZIP Area
40
Density / Sq Mi
$67,708
Median Household Income
$41,548
Median Earnings
$801
Median Rent
$161,800
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 - For-sale storefront retail property on a 0.14-acre lot in Roscommon, MI.
Where is this retail space located?
The property is located at 200 N 5th Street Roscommon, MI.
What is the asking price?
The asking price for this property is $999,000.
