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    Multi-Parcel Office Building Title is generated by Realmo AI

    418 E Main Street, Marcellus, MI 49067

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    Standalone office setup with reception, private offices, and on-site parking across three parcels.

    Type:Office, Retail, Land
    Property size:
    1,032 SF
    Price / SF:
    $79/SF
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 4 at 7:02 am

    Property Features for 418 E Main Street

    General Information

    Standard status
    Active
    Size
    1,032 SF
    Property subtype
    Office, Retail, Land

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Martha Hassle

    Listing agent Martha Hassle

    Listing office @properties Christie's Intl RE

    Listing date Jun 2, 2026

    Source Crexi

    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 @properties Christie's Intl RE

    HighLights

    • Commercial property in Marcellus built in 1960 with a 1,000+ sqft standalone office setup
    • Comprised of three parcels and includes on‑site parking with additional space available for future expansion
    • Reception area with two built‑in workstations plus a gas fireplace (condition unknown)
    • Interior layout includes a half bath, kitchenette, and two private offices (one with access to a secondary exit)
    • Attic accessible from an exterior entrance for additional storage space

    Overview

    This multi-parcel office property includes a 1,000+ square foot building designed for a small professional team. The interior features a welcoming reception area with two built-in workstations, a half bath, and a kitchenette. Two private offices provide separate work areas, and the larger office has access to a secondary exit and room for a conference table or collaborative workspace. An attic space, accessible from an exterior entrance, offers additional storage. A gas fireplace is present in the building, though its condition is unknown.

    The property is comprised of three parcels, with ample parking available on site. Additional space may be available to support future expansion, providing flexibility for an owner-user or buyer planning upgrades. The address is 418 E Main Street, Marcellus, MI 49067.

    For tenants or buyers looking for a manageable office footprint, the layout supports front-desk presence alongside private office space. The combination of reception, kitchenette, and two private offices can accommodate common service and administrative uses, while the secondary exit and added attic storage are useful operational features. Parking on multiple parcels also helps support daily access for staff and visitors.
    Location Intelligence

    Current Use by Public Records

    Berkshire Hathaway HomeServices ... Real Estate Agency Berkshire Hathaway HomeServices Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Marcellus
    County
    Cass
    State
    Michigan
    Longitude
    -85.807064
    Latitude
    42.026878

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    FAQs

    What type of property is this?
    Office units - Standalone office setup with reception, private offices, and on-site parking across three parcels.
    Where is this office units located?
    The property is located at 418 E Main Street Marcellus, MI.
    What is the asking price?
    The asking price for this property is $82,000.
    What are key features of this property?
    This property features: Commercial property in Marcellus built in 1960 with a 1,000+ sqft standalone office setup; Comprised of three parcels and includes on‑site parking with additional space available for future expansion; Reception area with two built‑in workstations plus a gas fireplace (condition unknown)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Martha Hassle
    Learn More
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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.

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