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    Flex Commercial Building with Multi-Restrooms Title is generated by Realmo AI

    542 N Cedar Street, Imlay City, MI 48444

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    Claim this Listing
    For Sale
    $299,900

    COMMERCIAL - Imlay City, MI

    Property size:
    4,888 SF
    Lot size:
    0.87 Acres
    Price / SF:
    $61/SF
    Added:
    Jan 26, 2026
    Days on Market:
    131
    Last Refresh:
    Jun 6 at 4:06 am

    Property Features for 542 N Cedar Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    I19-74-110-000-00
    Size
    4,888 SF
    Lot size
    0.87 Acres

    Utilities

    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1967

    We can help!

    Listing Contact
    Anthony Rubino
    Anthony Rubino

    Listing agent Anthony Rubino License #6502425251

    Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI

    Listing date Jan 26, 2026

    MLS# 50198182

    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

    • Nearly 5,000 SF commercial building on a 0.87‑acre parcel with parking for approximately 25 vehicles (potential to expand)
    • Flexible interior layout suitable for a range of commercial uses, including office, medical/professional clinics, retail, automotive service, restaurant/dining, shared office suites, or boutique retail
    • Front building portion features multiple restrooms, including four full bathrooms with showers and sauna facilities, plus two additional half baths
    • Kitchen area included, along with multiple restroom options to support different tenant concepts
    • Year built: 1967; heating: forced air
    • Utilities include public water; parking available in an on‑site parking lot

    Overview

    This versatile commercial building offers nearly 5,000 square feet of functional, flexible space on a 0.87-acre parcel. The interior layout can support a range of commercial uses, with the front portion particularly suited for offices, medical or professional clinics, retail operations, automotive service, restaurant/dining concepts, shared office suites, or boutique retail. The building includes multiple restrooms, featuring four full bathrooms with showers and sauna facilities, two additional half baths, and a kitchen area for added operational convenience. The property has been freshly cleaned and updated for market readiness.

    The building sits at a high-visibility intersection along a Class A roadway in growing Imlay City. Existing parking accommodates approximately 25 vehicles, with potential to expand based on the available site.

    With its flexible footprint, built-in restroom amenities, and a layout that can serve both client-facing and service-oriented operations, the property is a practical fit for owner-occupiers looking to combine day-to-day space needs with adaptable back-of-house support. It can also be considered by investors seeking a single facility with multiple possible commercial applications, rather than a strictly specialized layout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Imlay City
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.07089
    Latitude
    43.029461

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    FAQs

    What type of property is this?
    Flex space - Versatile building with multiple restrooms, flexible layout, and parking on a high-visibility roadway intersection.
    Where is this flex space located?
    The property is located at 542 N Cedar Street Imlay City, MI.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Nearly 5,000 SF commercial building on a 0.87‑acre parcel with parking for approximately 25 vehicles (potential to expand); Flexible interior layout suitable for a range of commercial uses, including office, medical/professional clinics, retail, automotive service, restaurant/dining, shared office suites, or boutique retail; Front building portion features multiple restrooms, including four full bathrooms with showers and sauna facilities, plus two additional half baths
    (586) 873-5419
    We can help!
    Listing Contact
    Anthony Rubino
    Anthony Rubino
    Real Estate License ID: 6502425251
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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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