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Mixed-Use Building with Upper-Level Apartment
New
For Sale
$180,000

216 N Michigan Avenue, Shelby, MI 49455

Commercial zoning and a separate two-bedroom residence combine business space with an upstairs living area.

Property Size4,514 SF
Price / SF$39.88
Days on Market3

Property Features for 216 N Michigan Avenue

General Information

Standard status Active
Size 4,514 SF
Property subtype Commercial
Zoning COMMERCIAL

Additional Details

Currently Operating Yes

Taxes and HOA fees

Annual Taxes $2,770

Building Details

Building Size 4,514 SF
Year Built 1900
Buildings 1
Stories 2
Units 2
Listing Agency: Town Square Real Estate Group LLC
Listed By: Christopher Wenk · License #6501435305
Source: Alleyrealestatesales
Added: Nov 2 Last Checked: Nov 4 at 6:04AM

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 Town Square Real Estate Group LLC

Rey
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Investment Insights

Based on property information with market context.

This 4,514-square-foot mixed-use building dates to 1900 and is zoned COMMERCIAL. Its main floor contains a dining area and commercial kitchen, with a two-bedroom, one-bath apartment on the upper level. The business and residential spaces are arranged on separate floors, with access between them.

At 216 N Michigan Avenue in downtown Shelby, the property sits along a commercial corridor and is surrounded by local businesses. The combination of restaurant-oriented space and an upstairs apartment supports a range of business and occupancy arrangements.

Key Highlights

  • 4,514‑square‑foot mixed‑use building
  • 1900 construction year
  • COMMERCIAL zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Shelby Bakery Restaurant

Suggested Use

Top Pick Building Supply Restaurant Law Firm Real Estate Agency Auto Parts Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

182
Businesses Nearby
15k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Wesco Shops & Services
8,583 visits/mo 0.5 miles
Dollar General Shops & Services
5,965 visits/mo 0.3 miles
Carquest Auto Parts Shops & Services
627 visits/mo 0.2 miles

Demographics for 49455, MI

5,197
Population
2,733
Households
1.9
Avg Household Size
39
Median Age
21%
College-Educated
87%
High-School Grad
84.8 sq mi
ZIP Area
61
Density / Sq Mi
$65,640
Median Household Income
$35,884
Median Earnings
$697
Median Rent
$144,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial zoning and a separate two-bedroom residence combine business space with an upstairs living area.
Where is this mixed-use property located?
The property is located at 216 N Michigan Avenue Shelby, MI.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 4,514‑square‑foot mixed‑use building; 1900 construction year; COMMERCIAL zoning
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