Mixed-Use Retail and Office
732 E Cayuga St Bellaire, MI 49615
New
Well-maintained two-level commercial building with finished main space and an unfinished upper level in Bellaire.
Type:Retail
Property size:
2,400 SFPrice / SF:
$120/SF- Added:
- Jul 6, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 9 at 2:32 am
Property Features for 732 E Cayuga St
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Retail
Listing office Graham Real Estate (231) 526-6251
Listing date Jul 6, 2026
Source Cpix.resimplifi
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 Graham Real Estate
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
Local Financial Insights For Retail
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 | $37.2k | $15.48 |
| − Vacancy | −$1.6k | −$0.65 |
| EGI | $35.6k | $14.83 |
| − OpEx | −$10.7k | −$4.45 |
| NOI | $24.9k | $10.38 |
2,400 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$355.9K
$311.4K – $415.2K
NOI $24,914 @ 7.0% cap · market cap 8.62%
Second Best
Office B
$351.4K
$307.5K – $410.0K
NOI $24,599 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$427.1K
$373.7K – $498.3K
NOI $29,897 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cousin's Quilt Shop ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
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 St Bellaire, MI.
What is the asking price?
The asking price for this property is $289,000.
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
