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    New Retail Building For Sale Title is generated by Realmo AI

    315 N Main St, Olivet, MI

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    New construction retail building with a 10-year corporate lease.

    Type:RETAIL
    Property size:
    10,500 SF
    Lot size:
    1.49 Acres
    Price / SF:
    $172/SF
    Added:
    Nov 27, 2025
    Days on Market:
    196
    Last Refresh:
    Apr 5 at 9:12 pm

    Property Features for 315 N Main St

    General Information

    Standard status
    Active
    Size
    10,500 SF
    Lot size
    1.49 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Jon Kouza
    Jon Kouza

    Listing agent John Yousif

    Listing office AQRE Advisors

    Listing date Nov 27, 2025

    Source Moodyscre

    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 AQRE Advisors

    HighLights

    • New 10‑Year Corporate Lease: Provides long‑term income stability
    • New Construction (2024): Minimizes near‑term maintenance
    • Minimal Landlord Responsibilities (NN Lease): Landlord responsible only for roof, structure, and parking lot
    • Fresh Full‑Term Lease: Lease commenced October 2024
    • Low‑Maintenance Ownership: NN lease structure ensures passive ownership
    • Brand‑New Build: Constructed in 2024

    Overview

    This is a new construction retail building completed in 2024. The property has a new 10-year corporate lease that commenced in October 2024, providing long-term income stability. The lease structure is NNN, with the landlord responsible for the roof, structure, and parking lot.

    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 $162.5k $15.48
    − Vacancy −$29.1k −$2.77
    EGI $133.4k $12.71
    − OpEx −$40.0k −$3.81
    NOI $93.4k $8.90
    10,500 SF · lease $15.48/SF/yr · vacancy 17.90% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.33M
    $1.17M – $1.56M (±1% cap)
    NOI $93,412 @ 7.0% cap · market cap 5.17%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $120.88M
    $105.77M – $141.03M (±1% cap)
    NOI $8,461,841 @ 7.0% cap · market cap 468.54%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Family Dollar Discount Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Olivet
    County
    Eaton
    State
    Michigan
    Longitude
    -84.9221
    Latitude
    42.4488

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    FAQs

    What type of property is this?
    Retail space - New construction retail building with a 10-year corporate lease.
    Where is this retail space located?
    The property is located at 315 N Main St Olivet, MI.
    What is the asking price?
    The asking price for this property is $1,806,000.
    What are key features of this property?
    This property features: New 10‑Year Corporate Lease: Provides long‑term income stability; New Construction (2024): Minimizes near‑term maintenance; Minimal Landlord Responsibilities (NN Lease): Landlord responsible only for roof, structure, and parking lot
    (248) 776-6001 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jon Kouza
    Jon Kouza
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