Updated Storefront Retail
9 E Lake St, Sand Lake, MI 49343
For Sale
$235,000
B-1-zoned commercial space with an open layout and corner-site access.
Property Size650 SF
Price / SF$361.54
Days on Market61
Property Features for 9 E Lake St
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Corner Location
Amenities
Power
Water
Sewer
Natural Gas
Listing Agency:
Blu House Properties brokered by EXP Realty
Listed By:
Duke Gray
(616) 862-1713
Source:
Carwm.resimplifi
Added: Sep 10
Changed: Nov 1
Last Checked: Nov 8 at 2:23AM
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 Blu House Properties brokered by EXP Realty
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Investment Insights
Based on property information with market context.
This 650 SF storefront property at 9 E Lake St in Sand Lake, MI, features an updated interior, an open layout, and a corner-site position. The compact commercial footprint is configured for retail, service, office, or specialty business use, with a visible storefront and direct access from the surrounding street network.
Zoned B-1, the property is positioned in Sand Lake’s small-town commercial setting. Its efficient layout may suit an owner-user, entrepreneur, or investor seeking a standalone commercial space with existing storefront improvements.
Zoned B-1, the property is positioned in Sand Lake’s small-town commercial setting. Its efficient layout may suit an owner-user, entrepreneur, or investor seeking a standalone commercial space with existing storefront improvements.
Key Highlights
- 650 SF updated storefront property
- B‑1 zoning
- Open, flexible interior layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,403
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,060
$168.1K
Cap Rate 7%
$120,043
$120.0K
Cap Rate 9%
$93,367
$93.4K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$12.3K $18.96/SF
− Vacancy
−$320 −$0.49/SF
EGI
$12.0K $18.47/SF
− OpEx
−$3.6K −$5.54/SF
NOI
$8.4K $12.93/SF
Area
St. Clair County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,060
Cap Rate 7%
$120,043
Cap Rate 9%
$93,367
Alternative Uses
Best Use
Retail
$120.0K
$105.0K – $140.1K
NOI $8,403 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$488.6K
$427.6K – $570.1K
NOI $34,205 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49343, MI
5,669
Population
2,528
Households
2.2
Avg Household Size
43
Median Age
15%
College-Educated
91%
High-School Grad
55.3 sq mi
ZIP Area
103
Density / Sq Mi
$81,722
Median Household Income
$46,050
Median Earnings
$694
Median Rent
$236,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in St. Clair County, MI
Properties on Market for Storefront properties in St. Clair County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - B-1-zoned commercial space with an open layout and corner-site access.
Where is this storefront property located?
The property is located at 9 E Lake St Sand Lake, MI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 650 SF updated storefront property; B‑1 zoning; Open, flexible interior layout
