Grocery Retail Building with
New
For Sale
$135,000
208 Napoleon Road, Michigan Center, MI 49254
COMMERCIAL - Michigan Center, MI
Property Size1,329 SF
Lot Size0.34 Acres
Price / SF$101.58
Days on Market3
Property Features for 208 Napoleon Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
B-2 COM
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Subdivision
Centralia Subdivision
Elementary school district
Michigan Center
Middle school district
Michigan Center
High school district
Michigan Center
Directions
Napoleon Rd. To Broad St. Cheese Castle is on the corner
Standard status
Active
APN
923-14-38-120-919-41
Size
1,329 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOTS 466 467 AND 468 CENTRALIA SUBDIVISION SEC 9 T3S R1E
Tax Annual Amount
909
Legal Description
LOTS 466 467 AND 468 CENTRALIA SUBDIVISION SEC 9 T3S R1E
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
standing coolers
sinks
freezer
basement storage
Building Details
Year built
1977
Floors in Building
1
Number of units
1
Building materials
Block, Concrete, Stucco, Brick
Roof type
Composition, Rubber
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
GEORGE D COPP · License #6502352375
(517) 474-2372
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 5 at 4:06PM
MLS# 26040181
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.
The 1,329-square-foot grocery and convenience retail building offers an established physical setup for a new store concept. Interior features include several standing coolers, sinks, a freezer, a bathroom, and basement storage. The property was built in 1977 and uses forced-air heating with central air conditioning.
Located at 208 Napoleon Road in Michigan Center, the 0.34-acre property has a building constructed with block, concrete, stucco, and brick. The roof systems include rubber and composition materials. Cable service is available, and the site’s existing fixtures provide a practical starting point for retail use.
Located at 208 Napoleon Road in Michigan Center, the 0.34-acre property has a building constructed with block, concrete, stucco, and brick. The roof systems include rubber and composition materials. Cable service is available, and the site’s existing fixtures provide a practical starting point for retail use.
Key Highlights
- 1,329‑square‑foot grocery and convenience retail building
- Several standing coolers, sinks, and a freezer included
- Basement storage provides additional space
Financial Insights For Retail
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 | $15.9k | $12.00 |
| − Vacancy | −$2.9k | −$2.15 |
| EGI | $13.1k | $9.85 |
| − OpEx | −$3.9k | −$2.96 |
| NOI | $9.2k | $6.90 |
1,329 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$180.4K
$157.8K – $210.5K
NOI $12,627 @ 7.0% cap · market cap 9.35%
Second Best
Retail
$130.9K
$114.6K – $152.8K
NOI $9,165 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$212.2K
$185.6K – $247.5K
NOI $14,851 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49254, MI
3,163
Population
1,805
Households
1.8
Avg Household Size
44
Median Age
22%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
1,217
Density / Sq Mi
$73,750
Median Household Income
$50,923
Median Earnings
$1,038
Median Rent
$167,300
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?
Grocery and convenience store - Existing refrigeration, sinks, and basement storage support retail operations.
Where is this grocery and convenience store located?
The property is located at 208 Napoleon Road Michigan Center, MI.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 1,329‑square‑foot grocery and convenience retail building; Several standing coolers, sinks, and a freezer included; Basement storage provides additional space
