Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1401 Main St Lowell, MI 49331

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    10,004 SF Vacant Pharmacy/Drug Store

    Property size:
    10,004 SF

    Property Features for 1401 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,004 SF

    We can help!

    Listing Contact
    Cody Smith
    Cody Smith

    Listing Agency: Advantage Commercial Real Estate Listing Agent: Cody Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 10,004-square-foot freestanding retail building presents a prime investment opportunity in Lowell, Michigan. Located at the highly visible corner of West Main Street and Valley Vista Drive SE, this property benefits from a signalized intersection ensuring excellent visibility and accessibility. The building boasts ample on-site parking, prominent pylon and building signage, and convenient drive-thru access, making it ideal for a variety of retail uses. Constructed to Class A standards, the building features attractive tall ceilings and exceptional street exposure. This location enjoys strong surrounding retail presence, with nearby businesses including Culver's, McDonald's, Jimmy John's, Ace Hardware, Arby's, Meijer, and Tractor Supply Co. Currently vacant, this property offers a blank canvas for a discerning buyer to establish a thriving business in a vibrant community. The address is 1401 W Main St, Lowell, MI 49331. The asking price is $1,950,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coinhub Bitcoin ATM ... Atm CDReload - Online Bitcoin ... Crypto Atm Rite Aid Pharmacy Karen M. Noreen, ... Pharmacy Western Union Bank

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Kent
    State
    Michigan
    Longitude
    -85.355498138431
    Latitude
    42.931547449835

    Nearby Similar for Sale

    • $374,900
      8,321 SF

      Lowell Multi-Use Facility For Sale

      Versatile 8,321 SF facility on 0.60 acres with ample parking.
      404 N Hudson St SE, Lowell, MI 49331
      View Details
    • $225,000
      Pending

      Retail/Office Building in Downtown Lowell

      Retail or office building in a fast-growing Michigan city.
      427 E Main St, Lowell, MI 49331
      View Details
    • $379,900
      1,542 SF

      Luxury Condominium with Unbelievable Views

      Luxury condominium in excellent location with shopping, dining, and hospitals.
      1411 Center Hill Rd SE, Lowell, MI 49331
      View Details
    • Contact for pricing

      Luxury Condominium with Unbelievable Views

      Luxury condominium in excellent location with shopping and dining nearby.
      1409 Center Hill Rd SE, Lowell, MI 49331
      View Details
    • $975,000
      7,966 SF

      Fulton Street Office Building - Lowell, MI

      7,966 SF Office Building, $975,000
      11608 Fulton St, Lowell, MI 49331
      View Details
    • $225,000
      1,188 SF

      Lowell Industrial Building - Main Street

      Prime Lowell location, high visibility, great income potential.
      427 Main St, Lowell, MI 49331
      View Details
    • $250,000
      1,200 SF

      Downtown Lowell Industrial Building

      High-visibility, 1200 sq ft industrial space.
      208 Hudson St, Lowell, MI 49331
      View Details
    • $89,000

      Key Heights Mobile Home

      3 bed, 2 bath home in Lowell, Michigan.
      11372 Mary Jane St, Lowell, MI 49331
      View Details

    FAQs

    What type of property is this?
    Individual retail property - 10,004 SF Vacant Pharmacy/Drug Store
    Where is this individual retail property located?
    The property is located at 1401 Main St Lowell, MI.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: $1,950,000 asking price for a vacant 10,004 SF retail building.; Located at 1401 W Main St, Lowell, MI 49331, at a signalized intersection.; Features ample parking, pylon & building signage, drive-thru, and high ceilings.
    (616) 327-2629 Call to check price and availability
    Request Owner's contact information
    1401 Main St Lowell, MI 49331
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1401 Main St
    Lowell, MI 49331
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1401 Main St Lowell, MI 49331
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cody Smith
    Cody Smith
    Real Estate License ID: 6501443789
    (616) 327-2629 (248) 892-2634 (616) 327-2800
    Learn more
    Google sign-in failed. Please try again or use another login method.