Freestanding Retail Building with
305 S Main Street Romeo, MI 48065
305 S Main Street, Romeo, MI, 48065
$350,000
For Sale
$350,000
Freestanding retail building with central A/C, forced air heating, dedicated parking, and a full basement for storage.
Property Size2,300 SF
Lot Size0.41 Acres
Price / SF$152.17
Days on Market96
Property Features for 305 S Main Street
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Lot size
- 0.41 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Realty Lakeside
(586) 321-0865
Listed by
Anna Rivard · License #6506048355
(586) 321-0865
Source
Homesforsaleinmich
Added: Apr 17 Updated: Jul 21 at 5:50PM Checked: Jul 21 at 5:50PM
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 Keller Williams Realty Lakeside
Investment Insights
Based on property information with market context.
This freestanding retail building offers approximately 2,300 square feet and includes central A/C and forced air heating. The property also has a full basement that can support storage needs. The site sits on a deep 81 x 203 lot and includes dedicated parking.
Located on Main Street in the Village of Romeo, the property is described as benefiting from steady foot and vehicle traffic. It is currently operating as a floral shop, and the real estate is available for purchase while the business is not for sale.
The property is being sold “As-Is.”
Located on Main Street in the Village of Romeo, the property is described as benefiting from steady foot and vehicle traffic. It is currently operating as a floral shop, and the real estate is available for purchase while the business is not for sale.
The property is being sold “As-Is.”
Key Highlights
- Freestanding commercial building on 0.41 acres in the Village of Romeo
- 2,300 sq. ft. building with central A/C and forced air heating
- Deep 81x203 lot with dedicated parking
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.6k | $12.00 |
| − Vacancy | −$3.3k | −$1.44 |
| EGI | $24.3k | $10.56 |
| − OpEx | −$7.3k | −$3.17 |
| NOI | $17.0k | $7.39 |
2,300 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$242.9K
$212.5K – $283.4K
NOI $17,002 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$430.6K
$376.8K – $502.4K
NOI $30,142 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- The Village Florist of Romeo — 305 S Main St, Romeo, MI 48065
FAQs
What type of property is this?
Storefront property - Freestanding retail building with central A/C, forced air heating, dedicated parking, and a full basement for storage.
Where is this storefront property located?
The property is located at 305 S Main Street Romeo, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Freestanding commercial building on 0.41 acres in the Village of Romeo; 2,300 sq. ft. building with central A/C and forced air heating; Deep 81x203 lot with dedicated parking
