Mixed-Use Building with
For Sale
$239,900
Pending
7255 Wildcat Road, Grant, MI 48032
COM/IND/BUS OPP, Grant, MI
Property Size2,784 SF
Lot Size0.84 Acres
Days on Market104
Property Features for 7255 Wildcat Road
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Patio and Porch features
Patio
Exterior features
Deck/Patio
Subdivision
Suprvrs Grant Center
Lot features
Corner Lot
Standard status
Pending
APN
21-320-0003-000
Size
2,784 SF
Lot size
0.84 Acres
Utilities
Heating system
Oil, Forced Air
Cooling system
Central Air
Water source
Private
Building Details
Year built
1900
Roof type
Asphalt
Listing Agency:
RE/MAX First · RE/MAX International
(586) 792-8000
Listed By:
Gregory Rogers · License #180167
(586) 536-3642
Added: Jun 15
Changed: Sep 17
Last Checked: Sep 26 at 6:06AM
MLS# 50211413
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 mixed-use property includes 2,784 square feet of building area on 0.84 acres. The upper level contains a three-bedroom apartment, while the property’s commercial component offers a foundation for retail or business use. A basement provides additional interior space, and the exterior includes a patio or deck area.
Built in 1900, the building has forced-air heating with oil fuel, central air conditioning, an asphalt roof, and a private water source. The property is located at 7255 Wildcat Road in Grant, Michigan, within St. Clair County. Its combination of commercial space, an upstairs residence, and supporting building features creates a distinct mixed-use configuration.
Built in 1900, the building has forced-air heating with oil fuel, central air conditioning, an asphalt roof, and a private water source. The property is located at 7255 Wildcat Road in Grant, Michigan, within St. Clair County. Its combination of commercial space, an upstairs residence, and supporting building features creates a distinct mixed-use configuration.
Key Highlights
- 2,784‑square‑foot mixed‑use property on 0.84 acres
- Three‑bedroom apartment located on the upper level
- Commercial space with potential for retail or business use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,210
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$384,200
$384.2K
Cap Rate 7%
$274,429
$274.4K
Cap Rate 9%
$213,444
$213.4K
Market Conditions
NOI Build-Up for 2,784 SF
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.
Gross rent
$33.4K $12.00/SF
− Vacancy
−$2.7K −$0.96/SF
EGI
$30.7K $11.04/SF
− OpEx
−$11.5K −$4.14/SF
NOI
$19.2K $6.90/SF
Area
St. Clair County, MI
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$384,200
Cap Rate 7%
$274,429
Cap Rate 9%
$213,444
Alternative Uses
Best Use
Specialty Retail
$550.8K
$482.0K – $642.7K
NOI $38,559 @ 7.0% cap · market cap 16.07%
Second Best
Retail
$514.1K
$449.9K – $599.8K
NOI $35,989 @ 7.0% cap · market cap 15.00%
Theoretical Best
Multifamily LT 5
$2.09M
$1.83M – $2.44M
NOI $146,504 @ 7.0% cap · market cap 61.07%
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
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 48032, MI
2,193
Population
802
Households
2.7
Avg Household Size
45
Median Age
17%
College-Educated
90%
High-School Grad
36.9 sq mi
ZIP Area
59
Density / Sq Mi
$89,000
Median Household Income
$40,906
Median Earnings
$1,017
Median Rent
$239,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space is paired with a three-bedroom upstairs apartment and additional property features for flexible use.
Where is this mixed-use property located?
The property is located at 7255 Wildcat Road Grant, MI.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 2,784‑square‑foot mixed‑use property on 0.84 acres; Three‑bedroom apartment located on the upper level; Commercial space with potential for retail or business use
