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Downtown Mixed-Use Restaurant Property
For Sale
Under Contract
$180,000

216 N Michigan Avenue, Shelby, MI 49455

Commercial Sale, Shelby, MI

Property Size4,514 SF
Lot Size0.10 Acres
Price / SF$39.88
Days on Market94

Property Features for 216 N Michigan Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning description COMMERCIAL
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1, Basement
Interior features Broadband
Elementary school district Shelby
Middle school district Shelby
High school district Shelby
Directions East Side Of Road In Downtown Shelby.
Standard status Active Under Contract
APN 046-114-017-00
Size 4,514 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 17 BLK 14 SHELBY VILLAGE VILLAGE OF BARNETT.
Tax Annual Amount 2771
Legal Description LOT 17 BLK 14 SHELBY VILLAGE VILLAGE OF BARNETT.

Utilities

Utilities Cable Available
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1900
Floors in Building 2
Number of units 2
Listing Agency: Town Square Real Estate Group
Listed By: Christopher Wenk · License #6501435305
Added: Jun 19 Changed: Sep 17 Last Checked: Sep 20 at 8:06AM
MLS# 26030578

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.

This 4,514-square-foot mixed-use building, constructed in 1900, currently operates as a breakfast restaurant and bakery. The main floor includes a dining area and commercial kitchen, while the upper level contains a separate two-bedroom, one-bath apartment. The property also includes a basement, broadband access, forced-air heating, central air conditioning, and cable availability.

Located at 216 N Michigan Avenue in downtown Shelby, the building fronts a busy commercial corridor surrounded by local businesses and community activity. Its placement along the downtown street supports visibility for the existing restaurant operation and provides a distinct residential component above the commercial space.

The 0.1-acre parcel combines restaurant improvements with an upper-level apartment in a compact mixed-use configuration. The layout can accommodate the current breakfast and bakery use while maintaining separate living quarters on the second level.

Key Highlights

  • 4,514‑square‑foot mixed‑use building on a 0.1‑acre parcel
  • Main‑level dining area and commercial kitchen
  • Upper‑level 2‑bedroom, 1‑bath apartment

Property Analytics

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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.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

195
Businesses Nearby
15k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Wesco Shops & Services
8,583 visits/mo 0.2 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
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Mixed-use property - Main-level dining and commercial kitchen space is paired with an upper-level two-bedroom apartment.
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 on a 0.1‑acre parcel; Main‑level dining area and commercial kitchen; Upper‑level 2‑bedroom, 1‑bath apartment
More about this property
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