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    Turn-Key Retail Storefront with Storage Title is generated by Realmo AI

    5454 Main Street, Lexington, MI 48450

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    For Sale
    $455,000

    COMMERCIAL - Lexington, MI

    Property size:
    2,145 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $212/SF
    Added:
    Mar 13, 2026
    Days on Market:
    84
    Last Refresh:
    Jun 4 at 9:06 am

    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

    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

    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

    • Year built 1895 farmhouse with shingle roof
    • Heating: oil with baseboard units
    • Public water source
    • Fenced yard with fencing included and garden area
    • Outdoor space includes a wrap‑around porch and a patio
    • Multiple outbuildings: 8x12 garden shed, 8x10 utility barn, and two‑story 30x40 barn

    Overview

    This turn-key commercial storefront is presented in a farmhouse-style 1 1/2-story configuration and is offered with extensive inventory currently in the house included in the sale. The property includes outdoor space with a wrap-around porch and established gardens with healthy perennials that are described as present across three seasons. Additional storage is available on-site, including an 8x12 garden shed, an 8x10 utility barn, and a two-story 30x40 barn. The barn inventory is noted as negotiable.

    The property is located at 5454 Main Street in Lexington, Michigan (Sanilac County), and is positioned as a downtown retail opportunity within the village area referenced in the remarks. Prospective operators can consider the combination of storefront character, outdoor porch setting, and on-site storage as part of their plan.

    For buyers seeking a ready-to-operate retail concept, the included house inventory can help support an immediate merchandising setup. The multiple outbuildings provide practical space for storage and operations, while the porch and landscaped yard area may support customer-facing use that benefits from an outdoor setting. The seller also highlights the flexibility to adapt the space to different retail or food-related concepts, depending on business plans and permitting.
    Property Profile 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
    -82.53131
    Latitude
    43.269215

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    FAQs

    What type of property is this?
    Storefront property - Turn-key retail storefront with a wrap-around porch and multiple outbuildings, plus negotiable barn inventory included with sale.
    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: Year built 1895 farmhouse with shingle roof; Heating: oil with baseboard units; Public water source
    (810) 334-2033
    We can help!
    Listing Contact
    Dennis Quinn
    Real Estate License ID: 6501255171
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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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