Downtown Retail Building with Two
9463 Genesee Street New Lothrop, MI 48460
9463 Genesee Street, New Lothrop, MI, 48460
$129,900
For Sale
$129,900
Retail building with two front entrances and a layout that can be divided for multiple uses.
Property Size900 SF
Price / SF$144.33
Days on Market215
Property Features for 9463 Genesee Street
General Information
- Standard status
- Active
- Size
- 900 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing agency
Century 21 Signature Realty
(810) 513-3417
Listed by
Kyle Raup · License #FAAR
(810) 513-3417
Source
Sabudarealty
Added: Dec 19, 2025 Updated: Jul 22 at 9:00AM Checked: Jul 22 at 9:00AM
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 Century 21 Signature Realty
Investment Insights
Based on property information with market context.
This 900 sq. ft. commercial retail building offers two front entrances and a configuration that can be divided for multiple uses. The property is suited for a variety of retail or service concepts, including uses such as a hair salon, nail salon, boutique, or gift shop.
Located in the heart of downtown New Lothrop Village, the building is positioned for convenient customer access and includes ample parking. Immediate occupancy is available for qualified buyers.
The storefront design, dual entry points, and divisible layout provide flexibility for either a single business or separate operations, depending on how the space is configured.
Located in the heart of downtown New Lothrop Village, the building is positioned for convenient customer access and includes ample parking. Immediate occupancy is available for qualified buyers.
The storefront design, dual entry points, and divisible layout provide flexibility for either a single business or separate operations, depending on how the space is configured.
Key Highlights
- Approximately 900 SF retail/commercial building built in 1940
- Two front entrances with a layout that can be divided for multiple uses
- Downtown New Lothrop Village commercial space with easy access and ample parking
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 | $13.9k | $15.48 |
| − Vacancy | −$585 | −$0.65 |
| EGI | $13.3k | $14.83 |
| − OpEx | −$4.0k | −$4.45 |
| NOI | $9.3k | $10.38 |
900 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$133.5K
$116.8K – $155.7K
NOI $9,343 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$171.6K
$150.1K – $200.2K
NOI $12,011 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wack Backers Chiropractic
Alternative Medicine Practice
Final Draft Tattoo ...
Tattoo & Piercing Shop
Mike's Barber & Beauty ...
Barber Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Retail building with two front entrances and a layout that can be divided for multiple uses.
Where is this storefront property located?
The property is located at 9463 Genesee Street New Lothrop, MI.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Approximately 900 SF retail/commercial building built in 1940; Two front entrances with a layout that can be divided for multiple uses; Downtown New Lothrop Village commercial space with easy access and ample parking
