Turnkey Industrial Collision
For Sale
Contact for pricing
207 N MAIN ST, Olivet, MI 49076
5,624 sq ft industrial building built in 2005 with office amenities and collision shop space.
Property Size5,624 SF
Lot Size0.36 Acres
Price / SF$97.80
Days on Market157
Property Features for 207 N MAIN ST
General Information
Standard status
Active
Size
5,624 SF
Class
B
Lot size
0.36 Acres
Property subtype
Industrial, Retail
Zoning
Commecial
Occupancy
100%
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Year Built
2005
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
RE/MAX Commercial Group
Listed By:
Matthew Wisniewski · License #MI 6501360426
(517) 321-2800
Source:
Crexi
Added: Apr 2
Changed: Aug 26
Last Checked: Aug 30 at 9:58PM
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 RE/MAX Commercial Group
Investment Insights
Based on property information with market context.
This modern industrial building was constructed in 2005 and totals 5,624 sq ft. It is currently occupied by Precision Collision and is being offered with the established business and all equipment, or as the building alone. The office area includes a kitchenette and a private restroom, and the shop area has a dedicated employee restroom.
The property sits on a 0.363-acre parcel at 207 N Main St in Olivet, MI, in the downtown area. It is positioned to support continued collision repair operations and can also be adapted for other warehouse, manufacturing, or service uses.
The facility is described as turnkey and ready for immediate occupancy and operation, with the existing configuration including office and employee restroom facilities in addition to the shop space.
The property sits on a 0.363-acre parcel at 207 N Main St in Olivet, MI, in the downtown area. It is positioned to support continued collision repair operations and can also be adapted for other warehouse, manufacturing, or service uses.
The facility is described as turnkey and ready for immediate occupancy and operation, with the existing configuration including office and employee restroom facilities in addition to the shop space.
Key Highlights
- 5,624 sq ft industrial building built in 2005 on a 0.363‑acre parcel in downtown Olivet
- Currently occupied by Precision Collision; offered with the established business and all equipment or as the building alone
- Office area includes a kitchenette and private restroom
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
$50,033
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
9.10%
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%
$1,000,660
$1.0M
Cap Rate 7%
$714,757
$714.8K
Cap Rate 9%
$555,922
$555.9K
Market Conditions
NOI Build-Up for 5,624 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
$87.1K $15.48/SF
− Vacancy
−$15.6K −$2.77/SF
EGI
$71.5K $12.71/SF
− OpEx
−$21.4K −$3.81/SF
NOI
$50.0K $8.90/SF
Area
Eaton County, MI
Vacancy
17.90%
Lease Rate
$15.48 /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%
$1,000,660
Cap Rate 7%
$714,757
Cap Rate 9%
$555,922
Alternative Uses
Best Use
Retail
$714.8K
$625.4K – $833.9K
NOI $50,033 @ 7.0% cap · market cap 9.10%
Second Best
Industrial
$398.1K
$348.3K – $464.4K
NOI $27,865 @ 7.0% cap · market cap 5.07%
Theoretical Best
Multifamily LT 5
$64.75M
$56.65M – $75.54M
NOI $4,532,323 @ 7.0% cap · market cap 824.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
5,179 visits/mo
0.1 miles
Dollar General
Shops & Services
4,985 visits/mo
0.4 miles
Olivet Hardware
Shops & Services
1,925 visits/mo
0.1 miles
Demographics for 49076, MI
4,445
Population
1,544
Households
2.9
Avg Household Size
34
Median Age
23%
College-Educated
92%
High-School Grad
57.1 sq mi
ZIP Area
78
Density / Sq Mi
$67,614
Median Household Income
$27,017
Median Earnings
$904
Median Rent
$185,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Precision Collision — 207 N Main St, Olivet, MI 49076
- Olivet Hardware — 116 N Main St #9403, Olivet, MI 49076
- Eagle Automotive Services, Inc — 216 N Main St, Olivet, MI 49076
- Indian Creek Ag — 7904 McDonald Rd, Olivet, MI 49076
Frequently Asked Questions
What type of property is this?
Auto shop - 5,624 sq ft industrial building built in 2005 with office amenities and collision shop space.
Where is this auto shop located?
The property is located at 207 N MAIN ST Olivet, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 5,624 sq ft industrial building built in 2005 on a 0.363‑acre parcel in downtown Olivet; Currently occupied by Precision Collision; offered with the established business and all equipment or as the building alone; Office area includes a kitchenette and private restroom
