Freestanding Retail Building with
305 S Main Street Romeo, MI 48065
305 S Main Street, Romeo, MI, 48065
$350,000
For Sale
$350,000
COMMERCIAL - Romeo, MI
Property Size2,300 SF
Lot Size0.41 Acres
Price / SF$152.17
Days on Market96
Property Features for 305 S Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Parking Lot
- Patio and Porch features
- Patio
- Exterior features
- Deck/Patio
- Standard status
- Active
- APN
- 0402176013
- Size
- 2,300 SF
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1232
Utilities
- Heating system
- Forced Air
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Roof type
- Shingle
Listing agency
Keller Williams Realty Lakeside
(586) 532-0500
Listed by
Anna Rivard · License #6506048355
(586) 321-0865
Added: Apr 17 Updated: Jun 24 at 2:41PM Checked: Jul 21 at 12:06PM
MLS# 50204618
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.
Investment Insights
Based on property information with market context.
This freestanding retail building offers approximately 2,300 square feet with a full basement for additional storage. The property is equipped with central A/C and forced air heating, supporting year-round customer comfort. The building sits on a deep 81x203 lot with dedicated parking to serve on-site visitors.
Located in the Village of Romeo on S Main Street, the site is positioned for both foot and vehicle traffic. The listing describes steady activity in the area, supported by the property’s Main Street frontage.
The layout and amenities make the space well-suited for retail or similar commercial uses that require customer-facing operations with practical back-of-house storage. The current floral shop operation is noted, and the real estate is offered for sale as-is, with the business not included. This is a straightforward option for an owner-operator or investor seeking a freestanding storefront with on-site parking and conditioned space.
Located in the Village of Romeo on S Main Street, the site is positioned for both foot and vehicle traffic. The listing describes steady activity in the area, supported by the property’s Main Street frontage.
The layout and amenities make the space well-suited for retail or similar commercial uses that require customer-facing operations with practical back-of-house storage. The current floral shop operation is noted, and the real estate is offered for sale as-is, with the business not included. This is a straightforward option for an owner-operator or investor seeking a freestanding storefront with on-site parking and conditioned space.
Key Highlights
- 2,300 SF freestanding commercial building on 0.41 acres in the Village of Romeo
- 81x203 deep lot with dedicated parking lot
- Main Street high‑visibility commercial location with steady foot and vehicle traffic
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
Property Profile
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 Main Street retail building with central A/C, forced-air heat, dedicated parking, and basement 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: 2,300 SF freestanding commercial building on 0.41 acres in the Village of Romeo; 81x203 deep lot with dedicated parking lot; Main Street high‑visibility commercial location with steady foot and vehicle traffic
