Listing Agency: Coldwell Banker Professionals Richmond

Listed By: Theresa Maniaci · License #MI

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 8:43AM

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Investment Insights

Based on property information with market context.

This mixed-use building combines a ground-level retail area with two residential apartments. The residential component includes one one-bedroom apartment and one two-bedroom apartment, creating a configuration that brings commercial and residential space together within the same property.

Key Highlights

• Mixed‑use building with retail space downstairs
• Includes one 1‑bedroom apartment
• Includes one 2‑bedroom apartment

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Electrical Service Bakery (Bike/Boat/Book/etc) Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

341

Businesses Nearby

Explore this area Business Placement

Demographics for 48062, MI

9,375

Population

3,631

Households

2.6

Avg Household Size

43

Median Age

25%

College-Educated

86%

High-School Grad

39.5 sq mi

ZIP Area

237

Density / Sq Mi

$75,763

Median Household Income

$39,181

Median Earnings

$882

Median Rent

$249,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property combining ground-floor commercial space with two residential apartments.

Where is this mixed-use property located?

The property is located at 68265 Main St. Richmond, MI.

What are key features of this property?

This property features: Mixed‑use building with retail space downstairs; Includes one 1‑bedroom apartment; Includes one 2‑bedroom apartment