Corner Retail Redevelopment
For Sale
$349,500
210 S Main St, Mount Clemens, MI 48043
Corner retail building on a 0.58-acre lot with GC zoning and two 10’x10’ grade level doors.
Property Size1,722 SF
Lot Size0.58 Acres
Price / SF$202.96
Days on Market124
Property Features for 210 S Main St
General Information
Standard status
Active
Size
1,722 SF
Lot size
0.58 Acres
Property subtype
Retail
Zoning
R-A
Warehouse & Industrial
Clear Height
11 ft
Drive-In Doors
2
Additional Details
Highway Access
Yes
Building Details
Building Size
1,722 SF
Year Built
1969
Listing Agency:
Burger & Company
Listed By:
Nicolo Burger · License #6506049079
(810) 224-8103
Source:
Cpix.resimplifi
Added: May 7
Changed: Aug 7
Last Checked: Sep 6 at 3:52AM
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 Burger & Company
Investment Insights
Based on property information with market context.
This corner retail property presents a redevelopment opportunity just outside downtown Mt. Clemens. The offering includes a 1,722 square foot building on a 0.58-acre lot, with 11’ clear height and two 10’ x 10’ grade level doors, providing flexible access for day-to-day operations.
The site is positioned at the intersection of Gratiot and Main Street, with quick access to I-94 and M-59. General Commercial (GC) zoning supports a variety of potential uses, making the property suitable for buyers evaluating adaptive reconfiguration or redevelopment plans.
The current improvements are highlighted by the clear height and grade level door configuration, with the corner location offering strong site presence for a wide range of retail or commercial concepts.
The site is positioned at the intersection of Gratiot and Main Street, with quick access to I-94 and M-59. General Commercial (GC) zoning supports a variety of potential uses, making the property suitable for buyers evaluating adaptive reconfiguration or redevelopment plans.
The current improvements are highlighted by the clear height and grade level door configuration, with the corner location offering strong site presence for a wide range of retail or commercial concepts.
Key Highlights
- 1,722 SF corner retail building on a 0.58‑acre lot
- GC (General Commercial) zoning allows for a variety of potential uses
- Two (2) 10' x 10' grade level doors
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
$12,729
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
3.64%
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%
$254,580
$254.6K
Cap Rate 7%
$181,843
$181.8K
Cap Rate 9%
$141,433
$141.4K
Market Conditions
NOI Build-Up for 1,722 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
$20.7K $12.00/SF
− Vacancy
−$2.5K −$1.44/SF
EGI
$18.2K $10.56/SF
− OpEx
−$5.5K −$3.17/SF
NOI
$12.7K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
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%
$254,580
Cap Rate 7%
$181,843
Cap Rate 9%
$141,433
Alternative Uses
Best Use
Retail
$181.8K
$159.1K – $212.2K
NOI $12,729 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$322.4K
$282.1K – $376.1K
NOI $22,567 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
5,508 visits/mo
0.3 miles
Family Dollar
Shops & Services
2,157 visits/mo
0.1 miles
Demographics for 48043, MI
15,665
Population
7,059
Households
2.2
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
3,821
Density / Sq Mi
$57,315
Median Household Income
$37,683
Median Earnings
$896
Median Rent
$169,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Petal & Twig Floral — 413 Esplanade St, Mt Clemens, MI 48043
- Courtyard Flowers — 39 macomb pl, mt clemens, mi 48043
- Flowers and More — Gratiot Ave, Mt Clemens, MI 48035
Frequently Asked Questions
What type of property is this?
Storefront property - Corner retail building on a 0.58-acre lot with GC zoning and two 10’x10’ grade level doors.
Where is this storefront property located?
The property is located at 210 S Main St Mount Clemens, MI.
What is the asking price?
The asking price for this property is $349,500.
What are key features of this property?
This property features: 1,722 SF corner retail building on a 0.58‑acre lot; GC (General Commercial) zoning allows for a variety of potential uses; Two (2) 10' x 10' grade level doors
