Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Market with Bakery and Meat Department Title is generated by Realmo AI

    45701 Hayes, Shelby, MI 48315

    View on Map
    Claim this Listing
    For Sale
    $125,000

    COMMERCIAL - Shelby, MI

    Property size:
    4,200 SF
    Price / SF:
    $29/SF
    Added:
    Dec 17, 2025
    Days on Market:
    169
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 45701 Hayes

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    23-07-36-400-049
    Size
    4,200 SF

    Utilities

    Water source
    Public

    Building Details

    Year built
    2005

    We can help!

    Listing Contact
    Mario Kattula

    Listing agent Mario Kattula License #6501391391

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

    Listing date Dec 17, 2025

    MLS# 50196240

    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

    • Built in 2005
    • Public water source
    • Established market includes fresh produce, full bakery, meat department, and a kitchen specializing in Mediterranean cuisine

    Overview

    This for-sale commercial market opportunity includes a wide variety of fresh produce, a full bakery, and a dedicated meat department. It also features a kitchen specializing in Mediterranean cuisine, supporting prepared food for takeout orders or catering. The property is positioned for an owner-operator or an operator looking to run a neighborhood market with both grocery offerings and a prepared-food component.

    The building is located at 45701 Hayes in Shelby, Michigan (48315), just north of Hall Rd, with visibility to passing traffic in the surrounding retail and business area.

    For tenants, buyers, or operators, this setup can fit a business plan that blends day-to-day grocery needs with prepared foods. The combination of produce, bakery, and meat services, together with a Mediterranean kitchen concept, may appeal to operators seeking a single-site retail market that can serve both walk-in customers and off-premise orders through takeout and catering.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Shelby
    County
    Oceana
    State
    Michigan
    Longitude
    -82.975157
    Latitude
    42.63207

    Nearby Similar for Sale

    • $775,000
      4,043 SF

      Restaurant and Retail Building

      Multi-use building on 1.59 acres with on-site parking and flexibility for restaurant, retail, or office users.
      50285 Mound Road, Shelby, MI 48317
      View Details
    • $1,070,000
      4,043 SF

      Restaurant Building with Outdoor Patio

      4043 sq ft restaurant building on 1.59 acres with outdoor patio, tiki bar, and substantial on-site parking.
      50285 Mound Road, Shelby, MI 48317
      View Details
    • $269,900
      900 SF

      Renovated Car Wash Business Opportunity

      Turnkey car wash business with new equipment and village utilities.
      556 N State, Shelby, MI 49455
      View Details
    • $150,000
      1,248 SF

      Shelby, MI Commercial Opportunity

      Commercial property for sale in high-visibility Shelby, Michigan location.
      60 W 3rd Street, Shelby, MI 49455
      View Details
    • $295,000

      Mexican Restaurant Business

      Business-only sale of Esplendido Mexican Restaurant with established branding and operating systems.
      50285 Mound Road, Shelby, MI 48317
      View Details
    • $82,500
      5,000 SF

      Versatile Commercial Space on Oceana Drive

      5000 sq ft building on large lot, flexible use.
      2598 S Oceana Dr, Shelby, MI 49455
      View Details
    • $199,000
      9,993 SF

      Historical Shelby House of Worship

      Well-maintained church with classrooms, kitchen, social hall, and parking.
      68 E 3rd Street, Shelby, MI 49455
      View Details
    • $269,900

      Shelby Car Wash For Sale

      Car wash property for sale in Shelby, Michigan.
      556 N State, Shelby, MI 49455
      View Details
    • $239,000
      9,993 SF

      Historical Shelby House of Worship

      Historical 22,000+ SF House of Worship in Shelby, Michigan.
      68 E 3rd St, Shelby, MI 49455
      View Details
    • $174,900
      7,900 SF

      Historic Mixed-Use Property in Shelby

      Unique mixed-use property with retail, office, apartment, and warehouse.
      162 N Michigan Avenue, Shelby Township Oceana, MI 49455
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Grocery-style market with produce, full bakery, and meat department, plus Mediterranean kitchen for takeout and catering.
    Where is this grocery and convenience store located?
    The property is located at 45701 Hayes Shelby, MI.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Built in 2005; Public water source; Established market includes fresh produce, full bakery, meat department, and a kitchen specializing in Mediterranean cuisine
    (586) 610-4110
    We can help!
    Listing Contact
    Mario Kattula
    Real Estate License ID: 6501391391
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    45701 Hayes, Shelby, MI 48315
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!