Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Historic Medical Office Suite Title is generated by Realmo AI

    241 N Main Street, Romeo, MI 48065

    View on Map
    Claim this Listing
    For Lease
    $1,500/Mo $8 SF/Yr (calc)

    COMMERCIAL - Romeo, MI

    Property size:
    2,200 SF
    Lot size:
    0.29 Acres
    Added:
    Sep 19, 2025
    Days on Market:
    259
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 241 N Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Rooms
    Basement
    Standard status
    Active
    APN
    270135378005
    Size
    2,200 SF
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3096

    Utilities

    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1845

    We can help!

    Listing Contact
    Becky Post

    Listing agent Becky Post License #6506048297

    Listing office KW Platinum 31525 23 Mile Rd., Chesterfield, MI

    Listing date Sep 19, 2025

    MLS# 50189017

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Historic building built in 1845, offering office space for lease in Romeo
    • Main level office setup includes reception, waiting room, lab space, and seven private rooms
    • Main level is currently set up for medical use but can work for other professional offices
    • Upper level is a separate apartment‑style rental and not included in this lease
    • Water provided by landlord; tenant pays gas and electric and is responsible for snow removal
    • Heating: forced air; water source: public

    Overview

    Built in 1845, this historic property offers an office space configured for medical use on the main level. The layout includes a reception area, a waiting room, lab space, and seven private rooms, providing a practical mix of common and private areas for professional workflows.

    Located at 241 N Main Street in Romeo, the space is part of a multi-level building. Please note that the upper level is a separate apartment-style rental and is not included in this lease.

    This suite is a good fit for tenants seeking a main-floor office with established patient or client-facing areas and rooming for private consultations or workspaces. The tenant is responsible for gas, electric, and snow removal, while the landlord provides water, property taxes, lawn care, and insurance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Tail Waggers 1990 — 216 N Bailey St, Romeo, MI 48065
    • Wilson Veterinary Hospital — 12000 Durham St, Washington, MI 48095
    • Schumacher Michael P DVM — 238 N Main St, Romeo, MI 48065
    • ROMEO VETERINARY HOSPITAL — 238 N Main St, Romeo, MI 48065
    • North Macomb Canine Rehabilitation & Conditioning — 67989 Van Dyke Rd, Washington, MI 48095

    Location Insight

    • Map
    • Local Demand
    City
    Romeo
    County
    Macomb
    State
    Michigan
    Longitude
    -83.013728
    Latitude
    42.803819

    Nearby Similar for Lease

    • $550/Mo
      450 SF

      Second-Floor Office Suite

      Second-floor office suite with front and rear entrances and a shared bath, with utilities included by the landlord.
      105 S Main Street, Romeo, MI 48065
      View Details
    • $1,500/Mo
      1,200 SF

      Retail Storefront with Dual Entrances

      Neat, clean retail space with front and rear entrances, a half bath, and basement storage ready for occupancy.
      105 S Main Street, Romeo, MI 48065
      View Details
    • $450/Mo
      300 SF

      Second-Floor Office Suite

      Neat second-floor office space with front and rear entrances and a shared half bath, with utilities included by the landlord.
      105 S Main Street, Romeo, MI 48065
      View Details
    • $12,618/Mo
      20,190 SF

      Two-Story Office/Showroom Flex Building

      Newly renovated flex space with a two-story front office/showroom and rear shop/warehouse, ready for immediate occupancy.
      15065 32 Mile Road, Romeo, MI 48065
      View Details
    • $1,300/Mo
      1,040 SF

      Retail or Office Space

      Units within a center anchored by CVS, Henry Ford Urgent Care, and Dollar Tree, with easy Van Dyke/M-53 access.
      71289 Van Dyke Avenue, Romeo, MI 48065
      View Details
    • $2,520/Mo
      2,016 SF

      Retail or Office Space

      Flexible retail or office units in a shopping center anchored by CVS, Henry Ford Urgent Care, and Dollar Tree.
      71070 Van Dyke Avenue, Romeo, MI 48065
      View Details
    • $8 SF/Yr
      8,800 SF

      Refurbished Warehouse Space Available

      8,800 SF warehouse for lease with truckwell and ample power.
      14731 32 Mile Road, Romeo, MI 48065
      View Details
    • $8 SF/Yr
      52,600 SF

      Warehouse Facility Near M-53

      52,600 SF warehouse space for lease near M-53.
      14761 32 Mile Road, Romeo, MI 48065
      View Details
    • $7 SF/Yr
      33,611 SF

      Refurbished Manufacturing Facility For Lease

      33,611 SF manufacturing facility with main road frontage.
      14751 32 Mile Road, Romeo, MI 48065
      View Details
    • $7 SF/Yr
      20,200 SF

      Industrial Space Available For Lease

      20,200 SF industrial space with office near M-53.
      111 Peyerk Ct, Romeo, MI
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease, includes taxes, insurance, maintenance.
      14751 32 Mile Rd, Romeo, MI 48065
      View Details
    • Contact for pricing
      29,080 SF

      New Industrial Space For Lease

      Newly constructed industrial space with flexible options for lease.
      70528 Korte Rd, Romeo, MI 48065
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Lease an office space with reception, waiting, lab area, and seven private rooms in a historic building.
    Where is this medical office space located?
    The property is located at 241 N Main Street Romeo, MI.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    What are key features of this property?
    This property features: Historic building built in 1845, offering office space for lease in Romeo; Main level office setup includes reception, waiting room, lab space, and seven private rooms; Main level is currently set up for medical use but can work for other professional offices
    (586) 630-6189
    We can help!
    Listing Contact
    Becky Post
    Real Estate License ID: 6506048297
    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
    241 N Main Street, Romeo, MI 48065
    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!