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    Retail Building with Corner Lot Title is generated by Realmo AI

    6020 S Nelson Road, Idlewild, MI 49642

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    Claim this Listing
    For Sale
    $94,500

    COMMERCIAL - Idlewild, MI

    Type:Retail
    Property size:
    877 SF
    Lot size:
    1.74 Acres
    Price / SF:
    $107/SF
    Added:
    Oct 31, 2025
    Days on Market:
    217
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 6020 S Nelson Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    1
    Rooms
    Bathroom 1, Basement
    Interior features
    Broadband
    Standard status
    Active
    APN
    15-004-010-01
    Size
    877 SF
    Lot size
    1.74 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Y 4-6-4 N 1/2 W 1/2 NW 1/4 NW 1/4 NW 1/4 SEC 4 T17N R12W. 2.5 A M/L (APPROX 1.74 ACRES NET ROW)
    Tax Annual Amount
    421

    Utilities

    Utilities
    Phone Available
    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    2003
    Floors in Building
    1
    Number of units
    1
    Building materials
    Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Chris Simpson

    Listing agent Chris Simpson

    Listing office Five Star Real Estate 3597 Henry Street Suite 103, Muskegon, MI

    Listing date Oct 31, 2025

    MLS# 25055881

    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

    • Over 1,000 SF commercial building at 6020 S Nelson Road in Idlewild, MI, previously used for a small restaurant and popcorn business
    • Corner lot commercial property on US 10 in Idlewild with access from the surface street
    • Built in 2003 with wood siding and a composition roof
    • Heating: forced air; cooling: central air
    • Utilities include phone available and broadband; water source is a well and sewer is a septic tank
    • Interior includes bathroom 1 and a basement

    Overview

    This for-sale retail building is situated on a corner lot and is described as having a flexible layout suited to multiple commercial concepts. The property has been previously used as a small restaurant and popcorn business, and it offers an adaptable interior footprint for food service or other retail and service uses. The site includes approximately 1.74 acres, providing room for a commercial operation to support customer activity.

    The building is located at 6020 S Nelson Road in Idlewild, Michigan, along US 10. The offering highlights convenient surface-street access for customers and visibility from the US 10 corridor.

    Given its prior food-service use and adaptable configuration, the building can fit a range of tenant or buyer objectives, including neighborhood restaurant or snack concepts, coffee or quick-serve food formats, or other retail and service businesses that can make use of an existing commercial space. Buyers should confirm all information during due diligence, including the suitability of the building for their intended use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Storage Facility Daycare Center Travel Agency Cosmetic Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Idlewild
    County
    Lake
    State
    Michigan
    Longitude
    -85.762131
    Latitude
    43.899715

    FAQs

    What type of property is this?
    Retail space - For-sale corner retail building on a highway corridor, previously used as a small restaurant and popcorn business.
    Where is this retail space located?
    The property is located at 6020 S Nelson Road Idlewild, MI.
    What is the asking price?
    The asking price for this property is $94,500.
    What are key features of this property?
    This property features: Over 1,000 SF commercial building at 6020 S Nelson Road in Idlewild, MI, previously used for a small restaurant and popcorn business; Corner lot commercial property on US 10 in Idlewild with access from the surface street; Built in 2003 with wood siding and a composition roof
    (231) 215-7229
    We can help!
    Listing Contact
    Chris Simpson
    Request Owner's contact information
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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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