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    Office or Retail Suite with Shared Access Title is generated by Realmo AI

    6727 Main Street, Caseville, MI 48725

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    Claim this Listing
    For Lease
    $1,300/Mo $12 SF/Yr (calc)

    COMMERCIAL - Caseville, MI

    Property size:
    1,250 SF
    Lot size:
    0.73 Acres
    Added:
    May 14, 2026
    Days on Market:
    24
    Last Refresh:
    Jun 6 at 12:06 pm

    Property Features for 6727 Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Parking Lot, Off Street
    Standard status
    Active
    APN
    53-835-274-00
    Size
    1,250 SF
    Lot size
    0.73 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    We can help!

    Listing Contact
    Brad Winningham
    Brad Winningham

    Listing agent Brad Winningham License #6501366541

    Listing office Keller Williams Realty Lakeside 45609 Village Blvd, Shelby Township, MI

    Listing date May 14, 2026

    MLS# 50207511

    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

    • 1,250 +/- SF office/retail suite along the side of Independent Bank
    • Main‑floor layout with wide‑open reception area (15 x 13) plus 3 offices with natural light (20 x 16, 14 x 14, 14 x 13)
    • Basement includes men’s restroom (8 x 13), ladies restroom (11 x 13), and kitchen area (20 x 14)
    • Forced air heat and central air; public water service
    • Parking lot plus off‑street and street parking available
    • All utilities included; 2–5 year lease preferred, with paint/flooring updates negotiated based on lease length

    Overview

    This listing offers a single office or retail suite with approximately 1,250 square feet along the side of an independent bank. The suite is configured with a wide open reception area measuring about 15 by 13 feet, plus three generously sized offices measuring about 20 by 16 feet, 14 by 14 feet, and 14 by 13 feet. All rooms are located on the main floor and benefit from natural light.

    Access is shared with the independent bank next door, and common amenities include men’s and women’s restrooms located in the basement, along with a kitchen area measuring about 20 by 14 feet. The building also includes a large parking area on the side and street parking, supporting both customer and employee access.

    The suite’s layout makes it well suited for a range of professional uses that need a reception area and multiple private rooms, with the added practicality of all utilities included. The landlord prefers a 2 to 5 year lease and indicates paint and flooring updates may be negotiated based on lease term. Signage is available via a provided sign frame in front and signage on the glass entering into Suite 2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Caseville
    County
    Huron
    State
    Michigan
    Longitude
    -83.27213382
    Latitude
    43.93965183

    FAQs

    What type of property is this?
    Office units - Main-floor suite offers reception and three offices with shared restrooms and utilities included for straightforward occupancy.
    Where is this office units located?
    The property is located at 6727 Main Street Caseville, MI.
    What is the lease rate?
    The lease rate is $1,300 /Mo.
    What are key features of this property?
    This property features: 1,250 +/- SF office/retail suite along the side of Independent Bank; Main‑floor layout with wide‑open reception area (15 x 13) plus 3 offices with natural light (20 x 16, 14 x 14, 14 x 13); Basement includes men’s restroom (8 x 13), ladies restroom (11 x 13), and kitchen area (20 x 14)
    (586) 295-1692
    We can help!
    Listing Contact
    Brad Winningham
    Brad Winningham
    Real Estate License ID: 6501366541
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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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