Listing Agency: Epique Inc. m***@epique.me Show Phone

Listed By: Michael Rickerman · License #6506045489 Show Phone

Added: Aug 24 Changed: Oct 10 Last Checked: Oct 10 at 5:06PM

Report an Issue

MLS# 50219547

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.

Investment Insights

Based on property information with market context.

This 1,100-square-foot storefront occupies a corner parcel and features a cottage-style exterior with an open interior plan. Original knotty pine walls, commercial-grade carpeting, a kitchenette with select appliances, and a handicap-accessible half bath are included. A stackable washer and dryer, refrigerator, 8-by-12 storage shed, central air, and ceiling fans add to the existing improvements. Natural gas forced-air heating, plumbing and electrical upgrades, and replacement windows were completed within the last 8–10 years; the furnace and central air conditioning date to 2018. City water, city sewer, and internet service are available.

The property fronts Lakeshore Road, also designated M-25, approximately 4 miles south of the Village of Lexington. Nearby shopping and access to Great Lakes Beach #3 Association beach rights are part of the offering. The commercial district allows short-term rentals with a proper Worth Township S.T.R. permit, while the interior can accommodate storefront, office, or business use as described.

Key Highlights

• 1,100‑square‑foot storefront on a 0.21‑acre corner parcel
• Lakeshore Road frontage along M‑25, 4 miles south of the Village of Lexington
• Open‑concept interior with original knotty pine walls and commercial‑grade carpeting

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,537

Cap Rate

8.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$270,740 $270.7K

Cap Rate 7%

$193,386 $193.4K

Cap Rate 9%

$150,411 $150.4K

Market Conditions

NOI Build-Up for 1,100 SF

Gross rent

$21.0K $19.08/SF

− Vacancy

−$2.9K −$2.67/SF

EGI

$18.0K $16.41/SF

− OpEx

−$4.5K −$4.10/SF

NOI

$13.5K $12.31/SF

Area

Sanilac County, MI

Vacancy

14.00%

Lease Rate

$19.08 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$270,740

Cap Rate 7%

$193,386

Cap Rate 9%

$150,411

Alternative Uses

Best Use

Office B

$193.4K

$169.2K – $225.6K (±1% cap)

NOI $13,537 @ 7.0% cap · market cap 8.47%

Second Best

Retail

$163.1K

$142.7K – $190.3K (±1% cap)

NOI $11,419 @ 7.0% cap · market cap 7.14%

Theoretical Best

Office A

$233.6K

$204.4K – $272.6K (±1% cap)

NOI $16,353 @ 7.0% cap · market cap 10.23%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop HVAC Service Electrical Service Real Estate Agency Hair Salon Storage Facility

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

Lease Details

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

51

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 48450, MI

4,199

Population

4,113

Households

1

Avg Household Size

55

Median Age

23%

College-Educated

95%

High-School Grad

21.9 sq mi

ZIP Area

192

Density / Sq Mi

$58,297

Median Household Income

$33,892

Median Earnings

$855

Median Rent

$200,900

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Downtown Storefront with Wraparound Porch

5454 Main Street, Lexington, MI 48450

$447,900

2,145 SF

View details

Lakeview Condo in Lexington Village

5749 Main #29, Lexington, MI 48450

$260,000

1,058 SF

View details

Mixed-Use Property with Barn

5699 Main Street, Lexington, MI 48450

$369,900

1,340 SF

View details

Lakefront Resort with Cottages

8949 Lakeshore Rd, Lexington, MI 48450

$1,399,900

9,290 SF

View details

Flex Space with Heavy Power

5160 Lakeshore Road, Lexington, MI 48450

Contact for pricing

View details

Frequently Asked Questions

What type of property is this?

Storefront property - Corner commercial property with an open-concept interior, kitchenette, and accessible half bath.

Where is this storefront property located?

The property is located at 6894 Lakeshore Road Lexington, MI.

What is the asking price?

The asking price for this property is $159,900.

What are key features of this property?

This property features: 1,100‑square‑foot storefront on a 0.21‑acre corner parcel; Lakeshore Road frontage along M‑25, 4 miles south of the Village of Lexington; Open‑concept interior with original knotty pine walls and commercial‑grade carpeting