Search
Fully Leased Retail Property
For Sale
Contact for pricing

502 N Main Street, Chelsea, MI 48118

Main Street frontage provides visibility, on-site parking, and proximity to downtown businesses, restaurants, shops, and neighborhoods.

Property Size8,062 SF
Days on Market145

Property Features for 502 N Main Street

General Information

Standard status Active
Size 8,062 SF
Property subtype Retail
Occupancy 100%
Listing Agency: Colliers - Ann Arbor, Michigan
Listed By: Jim Chaconas · License #MI 6502358011
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 5:40AM

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 Colliers - Ann Arbor, Michigan

Investment Insights

Based on property information with market context.

This fully leased retail property contains 8,062 square feet at 502 N Main Street in Chelsea, Michigan. The building is positioned just north of downtown and offers parking for occupants and visitors. Its existing commercial layout is identified as suitable for office, retail, or service uses.

The property benefits from exposure along Main Street and sits near additional retail businesses, downtown restaurants, shops, and surrounding neighborhoods. The combination of an occupied retail building, established downtown adjacency, and accessible parking creates a practical commercial setting for ongoing retail or service operations.

Key Highlights

  • 8,062 square feet of fully leased retail space
  • Located at 502 N Main Street, just north of downtown Chelsea
  • Visibility from Main Street

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Auto Parts Store Hair Salon (Bike/Boat/Book/etc) Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

452
Businesses Nearby
7k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 82% Shops & Services 18%
Los Tres Amigos Dining
5,848 visits/mo 0.1 miles
Carquest Auto Parts Shops & Services
1,275 visits/mo 0.1 miles

Demographics for 48118, MI

13,309
Population
5,864
Households
2.3
Avg Household Size
48
Median Age
51%
College-Educated
98%
High-School Grad
86.2 sq mi
ZIP Area
154
Density / Sq Mi
$87,934
Median Household Income
$55,637
Median Earnings
$1,576
Median Rent
$348,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Retail space - Main Street frontage provides visibility, on-site parking, and proximity to downtown businesses, restaurants, shops, and neighborhoods.
Where is this retail space located?
The property is located at 502 N Main Street Chelsea, MI.
What are key features of this property?
This property features: 8,062 square feet of fully leased retail space; Located at 502 N Main Street, just north of downtown Chelsea; Visibility from Main Street
(734) 994-3100 Call to check price and availability
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