Turn-Key Retail Storefront with
5454 Main Street Lexington, MI 48450
For Sale
$455,000
COMMERCIAL - Lexington, MI
Property Size2,145 SF
Lot Size0.26 Acres
Price / SF$212.12
Days on Market140
Property Features for 5454 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Patio and Porch features
Patio
Exterior features
Deck/Patio, Fenced Yard, Garden Area, Fence Owned
Fencing
Fenced
Standard status
Active
APN
152-300-000-020-01
Size
2,145 SF
Lot size
0.26 Acres
Utilities
Heating system
Baseboard, Oil
Water source
Public
Building Details
Year built
1895
Roof type
Shingle
Additional Structures
Second Garage
Listing Agency:
Premier Properties Real Estate LLC
(810) 359-2000
Listed By:
Dennis Quinn · License #6501255171
(810) 334-2033
Added: Mar 13
Changed: Jul 23
Last Checked: Jul 30 at 7:06AM
MLS# 50201481
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Investment Insights
Based on property information with market context.
This for-sale storefront property features a turn-key setup with extensive retail inventory included with the sale price, while barn inventory is negotiable. The building is described as a grand 1½-story farmhouse with a wrap-around porch, and there is also a stated garden setting with perennials in bloom three seasons. Additional storage includes an 8x12 garden shed, an 8x10 utility barn, and a two-story 30x40 barn.
The property is located at 5454 Main Street in Lexington, Michigan (Sanilac County).
With approximately 2,145 square feet of property size on a 0.26-acre lot, this offering combines a ready-to-operate retail space with on-site storage buildings intended to support ongoing merchandising and operations.
The property is located at 5454 Main Street in Lexington, Michigan (Sanilac County).
With approximately 2,145 square feet of property size on a 0.26-acre lot, this offering combines a ready-to-operate retail space with on-site storage buildings intended to support ongoing merchandising and operations.
Key Highlights
- Price includes extensive inventory currently in the house; barn inventory is negotiable.
- 1895 1‑1/2‑story farmhouse with wrap‑around porch, patio, and fenced yard.
- Outdoor storage includes an 8x12 garden shed, 8x10 utility barn, and two‑story 30x40 barn.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.2k | $15.48 |
| − Vacancy | −$1.4k | −$0.65 |
| EGI | $31.8k | $14.83 |
| − OpEx | −$9.5k | −$4.45 |
| NOI | $22.3k | $10.38 |
2,145 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$318.1K
$278.3K – $371.1K
NOI $22,267 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$455.6K
$398.6K – $531.5K
NOI $31,889 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - For sale turn-key retail storefront with 1½-story farmhouse layout and extensive included inventory plus multiple storage buildings.
Where is this storefront property located?
The property is located at 5454 Main Street 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: Price includes extensive inventory currently in the house; barn inventory is negotiable.; 1895 1‑1/2‑story farmhouse with wrap‑around porch, patio, and fenced yard.; Outdoor storage includes an 8x12 garden shed, 8x10 utility barn, and two‑story 30x40 barn.
