Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freestanding Retail Property on M-21 Title is generated by Realmo AI

    2264 W Main St SE, Lowell, MI 49331

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,250,000

    Retail property built in 2021 with high traffic volume.

    Type:Retail
    Added:
    Mar 6, 2026
    Days on Market:
    76
    Last Refresh:
    Apr 6 at 12:58 am

    Property Features for 2264 W Main St SE

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2021

    We can help!

    Listing Contact
    Joe Rizqallah

    Listing agent Joe Rizqallah

    Listing office Signature Associates

    Listing date Mar 6, 2026

    Source Tcnworldwide

    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 Signature Associates

    HighLights

    • High traffic location: Over 14,000 cars per day on M‑21.
    • New construction: Built in 2021.
    • Drive‑thru potential: Site has the ability to become a drive‑thru.
    • Versatile use: Suitable for coffee, café, restaurant, retail, bank, and more.
    • No deed restrictions: Offers flexibility in usage.
    • Newer roof and HVAC: Less than four years old.

    Overview

    This is a freestanding retail property constructed in 2021. Situated along M-21, the location benefits from a traffic volume exceeding 14,000 cars per day. The property is suitable for various uses, including coffee shops, cafes, restaurants, clothing stores, and banks. There are no deed restrictions associated with the site. The roof and HVAC furnace are less than four years old. The site could be used for medical marijuana as well.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RAIR Cannabis Co. ... (Bike/Boat/Book/etc) Store RAIR Cannabis Co. (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Kent
    State
    Michigan
    Longitude
    -85.3659
    Latitude
    42.9307

    Nearby Similar for Sale

    • $499,000
      14,024 SF

      Lowell Industrial Site with Garages

      Working industrial site with masonry garages and storage buildings.
      Lowell, MI 49331
      View Details
    • $299,999
      8,321 SF

      Lowell Multi-Use Facility For Sale

      Versatile property with sanctuary, classrooms, and ample parking.
      404 N Hudson Street SE, Lowell, MI 49331
      View Details
    • $600,000
      5,606 SF

      Lowell Township Commercial Property

      Versatile commercial property with warehouse space and expansion potential.
      14043 Fulton Street E, Lowell, MI 49331
      View Details
    • $679,999

      Updated Duplex in Lowell Schools

      Updated duplex with river frontage, near downtown Lowell.
      879 Flat River Court SE, Lowell, MI 49331
      View Details
    • $329,900

      Multi-Use Facility in Lowell

      Versatile property with parking, classrooms, and updated features.
      404 N Hudson St SE, Lowell, MI 49331
      View Details
    • $975,000
      7,900 SF

      Commercial Property on Fulton Street

      Commercial property with over 7,900 SF on over one acre.
      11608 Fulton Street SE, Lowell, MI 49331
      View Details
    • $279,900

      Updated Two-Unit Property in Lowell

      Fully rented duplex near downtown Lowell, ready for investment.
      118 N Hudson Street SE, Lowell, MI 49331
      View Details
    • $225,000

      Retail/Office Building in Downtown Lowell

      Retail or office building with high visibility in Lowell.
      427 E Main St, Lowell, MI 49331
      View Details
    • $279,900

      Updated Two-Unit Property in Lowell

      Fully rented duplex near downtown Lowell with updated units.
      118 N Hudson St SE, Lowell, MI 49331
      View Details
    • $225,000
      1,188 SF

      Retail/Office Building in Downtown Lowell

      Retail or office building in a fast-growing Michigan city.
      427 E Main Street, Lowell, MI 49331
      View Details
    • $975,000
      7,966 SF

      Fulton Street Commercial Real Estate

      Commercial property on Fulton Street with redevelopment potential.
      11608 Fulton St E, Lowell, MI 49331
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail property built in 2021 with high traffic volume.
    Where is this retail space located?
    The property is located at 2264 W Main St SE Lowell, MI.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: High traffic location: Over 14,000 cars per day on M‑21.; New construction: Built in 2021.; Drive‑thru potential: Site has the ability to become a drive‑thru.
    (616) 235-6007
    We can help!
    Listing Contact
    Joe Rizqallah
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2264 W Main St SE, Lowell, MI 49331
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!