Two-Level Mixed-Use
9053 Helena Road, Alden, MI 49612
For Sale
$425,000
A finished upper-level space with its own entrance adds a distinct area for business or office use.
Property Size2,704 SF
Price / SF$157.17
Days on Market171
Property Features for 9053 Helena Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Amenities
original hardwood floors
ship lap walls
separate private entrance
security cameras
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Wittbrodt WATERSIDE PROPERTIES
(231) 264-0546
Listed By:
Maria Schneider
(231) 642-7694
Source:
Carterassociatesrealty
Added: May 21
Changed: Nov 6
Last Checked: Nov 7 at 3:57AM
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 Wittbrodt WATERSIDE PROPERTIES
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Investment Insights
Based on property information with market context.
Built in 1874, this 2,704-square-foot mixed-use property has two finished levels. The main floor features hardwood flooring and shiplap walls, while the upper floor has a separate private entrance and additional finished space. Recent work includes HVAC and electrical updates, security cameras, new lighting, and fresh paint. Four private parking spaces are provided.
Key Highlights
- 2,704‑square‑foot building constructed in 1874
- Finished upper floor has a separate private entrance
- Four private parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,070
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,400
$561.4K
Cap Rate 7%
$401,000
$401.0K
Cap Rate 9%
$311,889
$311.9K
Market Conditions
NOI Build-Up for 2,704 SF
Gross rent
$41.9K $15.48/SF
− Vacancy
−$1.8K −$0.65/SF
EGI
$40.1K $14.83/SF
− OpEx
−$12.0K −$4.45/SF
NOI
$28.1K $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%
$561,400
Cap Rate 7%
$401,000
Cap Rate 9%
$311,889
Alternative Uses
Best Use
Retail
$401.0K
$350.9K – $467.8K
NOI $28,070 @ 7.0% cap · market cap 6.60%
Second Best
Mixed Use
$325.9K
$285.2K – $380.3K
NOI $22,815 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$481.2K
$421.1K – $561.4K
NOI $33,684 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
933
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Alden True Value Hardware
Home Improvements & Furnishings
933 visits/mo
0.3 miles
Demographics for 49612, MI
1,163
Population
864
Households
1.3
Avg Household Size
56
Median Age
48%
College-Educated
97%
High-School Grad
24.9 sq mi
ZIP Area
47
Density / Sq Mi
$84,643
Median Household Income
$45,820
Median Earnings
$858
Median Rent
$252,300
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A finished upper-level space with its own entrance adds a distinct area for business or office use.
Where is this mixed-use property located?
The property is located at 9053 Helena Road Alden, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,704‑square‑foot building constructed in 1874; Finished upper floor has a separate private entrance; Four private parking spaces
