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Two-Story Commercial Farm House
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1206 W Russell Rd, Tecumseh, MI 49286

Two-story brick farm house on 3.55 acres zoned commercial.

Property Size1,982 SF
Lot Size3.55 Acres
Price / SF$126.14
Days on Market2964

Property Features for 1206 W Russell Rd

General Information

Standard status Active
Size 1,982 SF
Lot size 3.55 Acres
Property subtype Mixed Use, Multifamily, Office, Retail
Listing Agency: Howard Hanna Real Estate Services Inc Tecumseh
Listed By: Patrick Hoffman · License #OH SAL.2012002500
Source: Crexi
Added: Jun 19, 2018 Changed: Jul 6 Last Checked: Jul 29 at 2:41PM

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 Howard Hanna Real Estate Services Inc Tecumseh

Investment Insights

Based on property information with market context.

This is a large two-story brick farm house situated on a 3.55-acre lot zoned for commercial use. The property is located next to a medical office on its west side. To the east, there is an electrical contractor, an ice cream stand with miniature golf, and auto repair shops. Across the street are the City of Tecumseh and residential properties. The property size is 1982 square feet.

Key Highlights

  • 3.55 acre lot zoned commercial
  • Large two story brick farm house
  • Located next to a medical office

Financial Insights For Office B

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 $33.8k $17.04
− Vacancy −$4.7k −$2.35
EGI $29.1k $14.69
− OpEx −$7.3k −$3.67
NOI $21.8k $11.02
1,982 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%

Alternative Uses

Best Use
Apartment 5plus
$21.89M
$19.16M – $25.54M (±1% cap)
NOI $1,532,468 @ 7.0% cap · market cap 612.99%
Second Best
Office B
$311.9K
$272.9K – $363.9K (±1% cap)
NOI $21,834 @ 7.0% cap · market cap 8.73%
Theoretical Best
Multifamily LT 5
$24.59M
$21.52M – $28.69M (±1% cap)
NOI $1,721,329 @ 7.0% cap · market cap 688.53%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Hair Salon Dental Office Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

151
Businesses Nearby

Demographics for 49286, MI

14,991
Population
6,144
Households
2.4
Avg Household Size
45
Median Age
27%
College-Educated
95%
High-School Grad
58.2 sq mi
ZIP Area
258
Density / Sq Mi
$73,054
Median Household Income
$37,480
Median Earnings
$954
Median Rent
$221,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story brick farm house on 3.55 acres zoned commercial.
Where is this mixed-use property located?
The property is located at 1206 W Russell Rd Tecumseh, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 3.55 acre lot zoned commercial; Large two story brick farm house; Located next to a medical office
(248) 342-4604 Call to check price and availability
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