Corner Retail Office
2134 S Main Street Central Lake, MI 49622
2134 S Main Street, Central Lake, MI, 49622
$219,000
For Sale
$219,000
COMMERCIAL - Central Lake, MI
Property Size1,568 SF
Lot Size0.17 Acres
Price / SF$139.67
Days on Market57
Property Features for 2134 S Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking features
- Parking Lot
- Exterior features
- Wood
- Standard status
- Active
- Size
- 1,568 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- LOT 20; BLK B PLAT OF SISLEYS ADD TO CENTRAL LAKE SEC 23 T31N R8W
Building Details
- Building materials
- Frame
- Roof type
- Asphalt
Listing Agency
Paradise Properties USA
(231) 331-4423
9047 Helena PO Box 398, Alden, MI
Listed by
Gary Scheitler · License #6502139515
(231) 633-2323
Added: May 22 Checked: Jul 17 at 9:06 pm
MLS# 1945605
Copyright © 2026 Northern Great Lakes Realtors MLS. 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 turn-key corner commercial property offers flexible retail and office potential, with a total size of 1,568 square feet. The listing presents the asset as ready for occupancy, supporting a wide range of downtown business concepts.
Located at 2134 S Main Street in Central Lake, it sits on M-88 and is described as having high visibility. Customer and guest parking is provided via a private parking lot off Ballard Street, positioned to keep access convenient while avoiding the main roadway.
The property is offered for sale with a lot size of 0.17 acres, making it a compact, downtown-oriented location for an owner-operator or investor looking for a mixed-use-capable commercial space.
Located at 2134 S Main Street in Central Lake, it sits on M-88 and is described as having high visibility. Customer and guest parking is provided via a private parking lot off Ballard Street, positioned to keep access convenient while avoiding the main roadway.
The property is offered for sale with a lot size of 0.17 acres, making it a compact, downtown-oriented location for an owner-operator or investor looking for a mixed-use-capable commercial space.
Key Highlights
- Corner commercial/mixed‑use property on Main Street (M‑88) in downtown area
- Exterior features include wood; construction is frame
- Asphalt roof
Local 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 | $24.3k | $15.48 |
| − Vacancy | −$1.0k | −$0.65 |
| EGI | $23.3k | $14.83 |
| − OpEx | −$7.0k | −$4.45 |
| NOI | $16.3k | $10.38 |
1,568 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$232.5K
$203.5K – $271.3K
NOI $16,277 @ 7.0% cap · market cap 7.43%
Second Best
Office B
$229.6K
$200.9K – $267.9K
NOI $16,071 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$279.0K
$244.2K – $325.6K
NOI $19,533 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Turn-key corner commercial property on Main Street with private off-street parking access.
Where is this office units located?
The property is located at 2134 S Main Street Central Lake, MI.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Corner commercial/mixed‑use property on Main Street (M‑88) in downtown area; Exterior features include wood; construction is frame; Asphalt roof
