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    5454 Main Lexington, MI 48450

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    Claim this Listing
    For Sale
    $455,000

    Commercial/Industrial - Lexington, MI

    Property size:
    2,145 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $212/SF
    Added:
    Mar 13, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 30 at 12:06 pm

    Property Features for 5454 Main

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Patio and Porch features
    Patio, Deck
    Interior features
    Outbuilding(s), Outside Storage, Public Restrooms, Reception Area, Restroom(s), Wood Floors
    Exterior features
    Outside Storage, Deck/Patio, Fence Owned, Fenced Yard, Garden Area
    Fencing
    Fenced
    Standard status
    Active
    APN
    152-300-000-020-01
    Size
    2,145 SF
    Lot size
    0.26 Acres

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1895
    Flooring type
    Wood
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Dennis Quinn

    Listing agent Dennis Quinn License #6501255171

    Listing office Premier Properties Real Estate LLC 5695 Main, Lexington, MI

    Listing date Mar 13, 2026

    MLS# 50201481 Listing URL

    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.

    Overview

    Turn-Key Commercial Property in Lexington

    This turn-key commercial property, located in the Village of Lexington, features a 1.5-story farmhouse with a wrap-around porch and gardens. The price includes the existing inventory. The property, situated in a prime commercial location, offers potential for various business ventures. The gardens feature perennials that bloom throughout three seasons. Additional storage is available in an 8x12 garden shed, an 8x10 utility barn, and a two-story 30x40 barn. The property is located downtown, offering walkability. The building size is 2145 square feet and the lot size is 0.26 acres. The property is zoned commercial and is suitable for retail or storefront businesses. The property has previously been used as a shop, and could also be used as an eating establishment with porch and outdoor seating.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MICHIGAN STATE HISTORICAL ... Tour Operator Gatherings Antiques Home Decor Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Sanilac
    State
    Michigan
    Longitude
    -82.531105
    Latitude
    43.268691

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    FAQs

    What type of property is this?
    Storefront property - Charming commercial property with inventory included in downtown Lexington.
    Where is this storefront property located?
    The property is located at 5454 Main Lexington, MI.
    What is the asking price?
    The asking price for this property is $455,000.
    What are key features of this property?
    This property features: Prime commercial location in downtown Lexington with high walkability; Turn‑key property includes extensive existing inventory (negotiable barn inventory); Grand 1&1/2‑story farmhouse with nostalgic charm
    (810) 334-2033
    We can help!
    Listing Contact
    Dennis Quinn
    Real Estate License ID: 6501255171
    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.

    More about this property
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