Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Service Building with Trail Access Title is generated by Realmo AI

    508 N Main Street, Hersey, MI 49639

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

    COMMERCIAL - Hersey, MI

    Property size:
    3,000 SF
    Lot size:
    2.15 Acres
    Price / SF:
    $41/SF
    Added:
    Aug 5, 2024
    Days on Market:
    669
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for 508 N Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    674216900101
    Size
    3,000 SF
    Lot size
    2.15 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Lengthy in LO
    Tax Annual Amount
    2100

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Radiant
    Water source
    Well

    Building Details

    Year built
    1980
    Floors in Building
    1
    Number of units
    3

    We can help!

    Listing Contact
    Joseph McNally

    Listing agent Joseph McNally License #6502393305

    Listing office RE/MAX TOGETHER 1411 N State St., Big Rapids, MI

    Listing date Aug 5, 2024

    MLS# 24040394

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Property on Main Street in Hersey, MI
    • Less than 5 miles from Hwy 131 and US 10
    • Heats with radiant heating
    • Year built: 1980
    • Water from a well; septic tank sewer
    • Property backs up to a rails‑to‑trails area

    Overview

    This offering presents a turn-key farming supply company together with the underlying commercial real estate at 508 N Main Street in Hersey, Michigan. The property sits on 2.15 acres and includes 3,000 square feet of space, sized to support an on-site retail and service operation.

    The location is described as being on Main Street in Hersey, with access convenience noted as less than 5 miles to HWY 131 and US 10. The back of the property borders a rails-to-trails corridor, creating an outdoor backdrop along the rear boundary.

    For operators looking for an established, turn-key business premise in farm country, this property’s configuration and yard scale may support a retail-focused model with room for customer-facing activities and practical day-to-day operations. The Main Street frontage and straightforward rural access to nearby routes can be an advantage for a business serving the surrounding area, while the rear rails-to-trails adjacency may add value for back-of-site use or a more open, visible edge to the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thornton Agriculture LLC. Industrial Manufacturer Thornton Agriculture Food Processing Plant

    Suggested Use

    Restaurant Auto Repair Shop Gym & Fitness Center Food Market Grocery & Convenience Store Grocery & Convenience Store Restaurant Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Hersey
    County
    Osceola
    State
    Michigan
    Longitude
    -85.443241
    Latitude
    43.855002

    Nearby Similar for Sale

    • $199,900
      3,360 SF

      Automotive Repair Shop with Studio

      A heated, 3-bay repair garage plus attached studio apartment/office with central air and storage, set on four lots.
      410 S Division Street, Hersey, MI 49639
      View Details
    • $45,000
      1,100 SF

      Hersey, MI Commercial Property

      Commercial property in Hersey, Michigan with 1,100 square feet.
      106 S Main Street, Hersey, MI 49639
      View Details
    • $194,000
      3,000 SF

      Farming Supply Company Opportunity

      Turn-key farming supply business with real estate, equipment, and inventory.
      508 N Main, Hersey, MI 49639
      View Details

    FAQs

    What type of property is this?
    Retail space - Offered as a turn-key farming supply business with commercial space on Main Street and back access to a rails-to-trails corridor.
    Where is this retail space located?
    The property is located at 508 N Main Street Hersey, 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: Property on Main Street in Hersey, MI; Less than 5 miles from Hwy 131 and US 10; Heats with radiant heating
    (616) 307-3026
    We can help!
    Listing Contact
    Joseph McNally
    Real Estate License ID: 6502393305
    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
    508 N Main Street, Hersey, MI 49639
    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!