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    Mixed-Use Property in Tekonsha, MI Title is generated by Realmo AI

    207 N Main Street, Tekonsha, MI 49092

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    Claim this Listing
    For Sale
    $199,999

    COMMERCIAL - Tekonsha, MI

    Property size:
    4,335 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $46/SF
    Added:
    Feb 18, 2026
    Days on Market:
    87
    Last Refresh:
    May 16 at 12:06 pm

    Property Features for 207 N Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2
    Interior features
    Broadband
    Standard status
    Active
    APN
    44-060-052-00
    Size
    4,335 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    on file at listing office
    Tax Annual Amount
    757

    Utilities

    Utilities
    Cable Available
    Heating system
    Ductless (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1950
    Number of units
    2
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Jami Lind
    Jami Lind

    Listing agent Jami Lind License #6501349401

    Listing office Hauska Home and Farm 30 W Chicago St., Coldwater, MI

    Listing date Feb 18, 2026

    MLS# 26005972

    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

    • Flexible main level suitable for business, storage, or conversion to additional living space.
    • Completely remodeled 2‑bedroom, 1‑bath residential space upstairs with hardwood flooring and high ceilings.
    • Updated eat‑in kitchen with newer stainless steel appliances (included).
    • Metal roof and newer windows.
    • Full basement provides extra storage space.
    • Turnkey, move‑in ready residential area.

    Overview

    This mixed-use property in Tekonsha, MI, presents an opportunity for investment, residential living, or business operations. The property features a main level suitable for a storefront, warehouse, or additional storage. The flexible layout allows for potential conversion into additional living space. The upper level contains a completely remodeled 2-bedroom, 1-bath home. The residential space features hardwood flooring throughout, high ceilings, and a spacious layout. The updated eat-in kitchen includes newer stainless steel appliances. A separate laundry room adds convenience. Additional features include newer lighting, windows, and a metal roof. The property also includes a full basement with extra storage space. The residential area is turnkey and move-in ready. The property offers prime potential for an extra/work setup or rental income. The lot size is 0.07 acres and the property size is 4335 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    cook stoves (Bike/Boat/Book/etc) Store The Gold Shop (Bike/Boat/Book/etc) Store margin stoves (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tekonsha
    County
    Calhoun
    State
    Michigan
    Longitude
    -84.986592
    Latitude
    42.09352

    Nearby Similar for Sale

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    • $110,000
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      Commercial Building in Downtown Tekonsha

      3750 sqft commercial building for sale or rent.
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      Commercial Building in Downtown Tekonsha

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residential and commercial potential in Tekonsha.
    Where is this mixed-use property located?
    The property is located at 207 N Main Street Tekonsha, MI.
    What is the asking price?
    The asking price for this property is $199,999.
    What are key features of this property?
    This property features: Flexible main level suitable for business, storage, or conversion to additional living space.; Completely remodeled 2‑bedroom, 1‑bath residential space upstairs with **hardwood flooring and high ceilings.**; Updated eat‑in kitchen with newer stainless steel appliances (included).
    (269) 251-4139
    We can help!
    Listing Contact
    Jami Lind
    Jami Lind
    Real Estate License ID: 6501349401
    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.

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