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    Historic Mixed-Use Retail Building Title is generated by Realmo AI

    3008 Bay Street, Unionville, MI 48767

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    For Sale
    $295,000

    COMMERCIAL - Unionville, MI

    Property size:
    18,354 SF
    Lot size:
    0.51 Acres
    Price / SF:
    $16/SF
    Added:
    May 27, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 7 at 6:06 am

    Property Features for 3008 Bay Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Off Street, Parking Lot
    Patio and Porch features
    Patio
    Exterior features
    Deck/Patio
    Standard status
    Active
    APN
    043-500-112-0100-00
    Size
    18,354 SF
    Lot size
    0.51 Acres

    Utilities

    Heating system
    Forced Air, Wall Furnace
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1883
    Roof type
    Rubber, Flat

    We can help!

    Listing Contact
    Brad Winningham
    Brad Winningham

    Listing agent Brad Winningham License #6501366541

    Listing office Keller Williams Realty Lakeside 45609 Village Blvd, Shelby Township, MI

    Listing date May 27, 2026

    MLS# 50209110

    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

    • Building built in 1883 (per records) and located at the corner of M‑24 and M‑25 on the north end of M‑24
    • Past uses include Unionville Exchange Bank; current setup includes a deli, coffee shop, ice cream area, and a stage
    • Additional section was used as a showroom for cars, trucks, boats, and even an airplane; equipment included and will stay with the sale
    • Roof is rubber/flat; heating includes forced air and wall furnace; cooling includes ceiling fans
    • Public water; basement area included; patio/deck features include a patio
    • Off‑street parking with a parking lot included, noted as having a separate tax ID: 043--00

    Overview

    This well-built historic building was constructed in 1883, and it currently contains multiple configured areas for commercial use. One portion is set up as a deli and coffee shop, with ice cream service and a stage designed for weekly performances. Another section has functioned as a showroom for vehicles and equipment, including cars, trucks, boats, and even an airplane. The listing notes that equipment in the showroom area will remain with the property if the new owner elects to keep it.

    The property is located at a major intersection/artery at the north end of M-24, on the corner of M-25 in Unionville, MI. The offering also includes a parking lot that has a separate tax ID of 043--00.

    For buyers seeking an owner-operator environment or an end user looking for flexible space, the building’s current mix of food-service configuration and showroom-style area may support a variety of retail and hospitality concepts. The distinct interior setups can allow a new owner to tailor operations across the different sections while utilizing the on-site parking included in the sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

    Real Estate Agency Restaurant Law Firm Auto Repair Shop Department Store Bar & Pub Electrical Service Storage Facility Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Unionville
    County
    Tuscola
    State
    Michigan
    Longitude
    -83.466812
    Latitude
    43.653672

    Nearby Similar for Sale

    • $105,000
      3,000 SF

      6586 Center Street, Unionville

      Former bank converted to office space with subleasing potential.
      6586 Center St, Unionville, MI 48767
      View Details
    • $295,000

      Historic Retail Building with Parking

      Built in 1883 and currently configured for a deli/coffee/ice cream operation plus a showroom-style space.
      3008 Bay St, Unionville, MI 48767
      View Details

    FAQs

    What type of property is this?
    Coffee shop - Historic building with multiple operating spaces, including food service setup and a separate showroom area.
    Where is this coffee shop located?
    The property is located at 3008 Bay Street Unionville, MI.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Building built in 1883 (per records) and located at the corner of M‑24 and M‑25 on the north end of M‑24; Past uses include Unionville Exchange Bank; current setup includes a deli, coffee shop, ice cream area, and a stage; Additional section was used as a showroom for cars, trucks, boats, and even an airplane; equipment included and will stay with the sale
    (586) 295-1692
    We can help!
    Listing Contact
    Brad Winningham
    Brad Winningham
    Real Estate License ID: 6501366541
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    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
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