Mixed-Use Property with
7051 W Vienna Road, Clio, MI 48420
For Sale
$189,900
COM/IND/BUS OPP, Clio, MI
Property Size1,840 SF
Lot Size1.60 Acres
Price / SF$103.21
Days on Market54
Property Features for 7051 W Vienna Road
General Information
Property type
Property subtype
Zoning description
Patio and Porch features
Exterior features
Lot features
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Amenities
covered front porch
Building Details
Year built
Roof type
Listing Agency:
Ham Group Realty
Listed By:
Lucy Ham · License #122522
(810) 659-6569
Added: Sep 15
Changed: Oct 21
Last Checked: Nov 7 at 12:06PM
MLS# 50222089
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.
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Investment Insights
Based on property information with market context.
This 1,840-square-foot mixed-use property includes a 1,216-square-foot, three-bedroom apartment with one full bath and one half bath on the west side. The east side contains 624 square feet of office space and a garage; the building was formerly used as a car dealership. A covered front porch, patio, spacious parking area, signage pole, forced-air heating, window-unit cooling, and an asphalt roof are among the existing improvements. The property was built in 1950 and has private water service.
The 1.6-acre parcel is zoned C-2 and provides 420 feet of frontage along Vienna Road, also designated M-57, west of Elms Road. The residential and east-side areas have separate gas and electric meters, supporting distinct utility accounting for the two portions of the property.
The 1.6-acre parcel is zoned C-2 and provides 420 feet of frontage along Vienna Road, also designated M-57, west of Elms Road. The residential and east-side areas have separate gas and electric meters, supporting distinct utility accounting for the two portions of the property.
Key Highlights
- 1.6‑acre C‑2‑zoned mixed‑use property
- 1,216 SF three‑bedroom apartment with 1.5 baths
- 624 SF east‑side office and garage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,101
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,020
$282.0K
Cap Rate 7%
$201,443
$201.4K
Cap Rate 9%
$156,678
$156.7K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$27.2K $14.76/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$25.6K $13.93/SF
− OpEx
−$11.5K −$6.27/SF
NOI
$14.1K $7.66/SF
Area
Genesee County, MI
Vacancy
5.60%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,020
Cap Rate 7%
$201,443
Cap Rate 9%
$156,678
Alternative Uses
Best Use
Mixed Use
$251.4K
$219.9K – $293.3K
NOI $17,595 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$201.4K
$176.3K – $235.0K
NOI $14,101 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$387.2K
$338.8K – $451.7K
NOI $27,103 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
1
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 48420, MI
21,771
Population
9,136
Households
2.4
Avg Household Size
45
Median Age
18%
College-Educated
91%
High-School Grad
66.4 sq mi
ZIP Area
328
Density / Sq Mi
$63,427
Median Household Income
$40,420
Median Earnings
$797
Median Rent
$177,800
Median Home Value
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Market
Properties on Market for Mixed-use properties in Genesee County
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2-zoned property combines residential space with office and garage improvements under separate utility metering.
Where is this mixed-use property located?
The property is located at 7051 W Vienna Road Clio, MI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 1.6‑acre C‑2‑zoned mixed‑use property; 1,216 SF three‑bedroom apartment with 1.5 baths; 624 SF east‑side office and garage area
