69206 N Main St, Richmond, MI 48062
A downtown corner building with first-floor medical use plus five leased apartments, supported by flexible B-2 zoning.
- Added:
- Jun 24, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 1 at 5:18 am
Property Features for 69206 N Main St
General Information
- Standard status
- Active
- Size
- 4,860 SF
Listing office RE/MAX Classic (248) 684-6655
Listing date Jun 24, 2026
Source Exprealty
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HighLights
- Prominent downtown commercial corner with a light, bright first‑floor storefront and flexible B‑2 zoning
- Currently operating as a medical sports recovery clinic (Ste 1‑A) with commercial use allowed on the first 2 floors
- Five additional income‑generating apartments with leases in place
- High‑quality new front and rear doors with sidelights and transom updated in 2026
- Storefront window display style and curb‑appeal architecture, located in a historic walking downtown area
Overview
Located in a historic, walkable downtown setting in Richmond, the building’s prominent corner presence supports visibility for first-floor commercial activity. The property is described as having a light, bright storefront with upgraded front and rear doors, including sidelights and a transom, completed in 2026. The site also benefits from storefront windows intended to showcase the street-level space. Zoning is identified as B-2, which allows commercial uses on the first two floors.
For tenants, this configuration can suit healthcare-related operators who want direct street frontage while sharing the building with existing residential income. For buyers, the combination of an operating clinic and five leased apartments provides an established, multi-income structure within the same B-2 envelope. The seller (LLC) requires proof of funds or a lender prequalification conversation known to the owner prior to showings, and the property is described as being furnished with a qualified offer to purchase.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.2k | $19.80 |
| − Vacancy | −$11.3k | −$2.33 |
| EGI | $84.9k | $17.47 |
| − OpEx | −$34.0k | −$6.99 |
| NOI | $51.0k | $10.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Macomb
- State
- Michigan
- Longitude
- -82.756513
- Latitude
- 42.81064
