Mixed-Use Retail and Office
For Sale
$275,000
732 E Cayuga Street, Bellaire, MI 49615
Well-maintained two-level commercial building with finished main space and an unfinished upper level in Bellaire.
Property Size2,400 SF
Price / SF$114.58
Days on Market244
Property Features for 732 E Cayuga Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial/Industrial
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,400
Building Details
Building Size
2,400 SF
Year Built
1920
Stories
2
Listing Agency:
Pat O'Brien & Associates - Charlevoix
Listed By:
Adam Boyce
(231) 330-5035
Source:
Patobrien
Added: Feb 10
Changed: Oct 10
Last Checked: Oct 11 at 1:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pat O'Brien & Associates - Charlevoix
Investment Insights
Based on property information with market context.
Well-maintained commercial building in the Village of Bellaire offering flexible space for retail, boutique use, or a professional office. The main level provides approximately 1,200 sq. ft. of finished space suitable for showcasing products or hosting customers. An additional upper level of approximately 1,200 sq. ft. is unfinished and ready for conversion to suit a tenant’s needs, including potential for income or live-work use.
A welcoming front porch provides an inviting exterior entry, and the property sits across from Craven Park. Public utilities including village water, sewer, natural gas, electric, and cable internet are available to support modern operations.
The offering is for real estate only and includes access to both completed and unfinished areas within a single building, providing options for buyers seeking a small-scale retail or office footprint with room to expand or customize the upper level.
A welcoming front porch provides an inviting exterior entry, and the property sits across from Craven Park. Public utilities including village water, sewer, natural gas, electric, and cable internet are available to support modern operations.
The offering is for real estate only and includes access to both completed and unfinished areas within a single building, providing options for buyers seeking a small-scale retail or office footprint with room to expand or customize the upper level.
Key Highlights
- Well‑maintained two‑level commercial building in the Village of Bellaire with versatile space for retail or a professional office
- Main level offers approximately 1,200 sq. ft. of finished space for customers or product display
- Upper level is approximately 1,200 sq. ft. and unfinished, ready to customize for additional use or living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,914
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,280
$498.3K
Cap Rate 7%
$355,914
$355.9K
Cap Rate 9%
$276,822
$276.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$37.2K $15.48/SF
− Vacancy
−$1.6K −$0.65/SF
EGI
$35.6K $14.83/SF
− OpEx
−$10.7K −$4.45/SF
NOI
$24.9K $10.38/SF
Area
Antrim County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,280
Cap Rate 7%
$355,914
Cap Rate 9%
$276,822
Alternative Uses
Best Use
Retail
$355.9K
$311.4K – $415.2K
NOI $24,914 @ 7.0% cap · market cap 9.06%
Second Best
Office B
$351.4K
$307.5K – $410.0K
NOI $24,599 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$427.1K
$373.7K – $498.3K
NOI $29,897 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
Business Placement
Demographics for 49615, MI
4,161
Population
3,575
Households
1.2
Avg Household Size
57
Median Age
44%
College-Educated
97%
High-School Grad
68.4 sq mi
ZIP Area
61
Density / Sq Mi
$78,750
Median Household Income
$38,635
Median Earnings
$775
Median Rent
$257,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Well-maintained two-level commercial building with finished main space and an unfinished upper level in Bellaire.
Where is this retail space located?
The property is located at 732 E Cayuga Street Bellaire, MI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Well‑maintained two‑level commercial building in the Village of Bellaire with versatile space for retail or a professional office; Main level offers approximately 1,200 sq. ft. of finished space for customers or product display; Upper level is approximately 1,200 sq. ft. and unfinished, ready to customize for additional use or living space
