Downtown Holly Antique
For Sale
$325,000
216 S Broad St, Holly, MI 48442
Unique retail building in downtown Holly with themed areas.
Property Size2,700 SF
Price / SF$120.37
Days on Market211
Property Features for 216 S Broad St
General Information
Standard status
Active
Size
2,700 SF
Building Details
Year Built
1910
Listing Agency:
Coldwell Banker Professionals
Listed By:
Darwin S Conley · License #6502383103
(248) 961-1690
Source:
Katie-k
Added: Mar 10
Changed: Oct 1
Last Checked: Oct 5 at 11:48PM
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 Coldwell Banker Professionals
Investment Insights
Based on property information with market context.
Located in downtown Holly, the Balcony Row Antique Building is available for purchase. Inspired by original balconies on early Holly buildings, this property offers 2700 square feet of space. The building features themed areas with original wood antiquities from around the world. On-street parking is available, along with a large parking lot across the road and two electric vehicle charging spots opposite the property. Nearby landmarks include the Moose Lodge, Crapo Park, and Battle Alley. The building could be used for a variety of business ventures.
Key Highlights
- Unique themed areas with original wood antiquities.
- Boasting 2700 sq ft of space in a downtown location.
- Located in the historic Balcony Row building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,053
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,060
$581.1K
Cap Rate 7%
$415,043
$415.0K
Cap Rate 9%
$322,811
$322.8K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$45.4K $16.80/SF
− Vacancy
−$3.9K −$1.43/SF
EGI
$41.5K $15.37/SF
− OpEx
−$12.5K −$4.61/SF
NOI
$29.1K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,060
Cap Rate 7%
$415,043
Cap Rate 9%
$322,811
Alternative Uses
Best Use
Retail
$415.0K
$363.2K – $484.2K
NOI $29,053 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$582.4K
$509.6K – $679.4K
NOI $40,766 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
9,472 visits/mo
0.5 miles
Marathon
Shops & Services
5,034 visits/mo
0.2 miles
Demographics for 48442, MI
21,803
Population
9,722
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
85.9 sq mi
ZIP Area
254
Density / Sq Mi
$80,281
Median Household Income
$50,769
Median Earnings
$1,243
Median Rent
$252,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Blumz Florist — 114 S Saginaw St, Holly, MI 48442
Frequently Asked Questions
What type of property is this?
Storefront property - Unique retail building in downtown Holly with themed areas.
Where is this storefront property located?
The property is located at 216 S Broad St Holly, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Unique themed areas with original wood antiquities.; Boasting 2700 sq ft of space in a downtown location.; Located in the historic Balcony Row building.
