Main St, Richmond, MI 48062
This exceptional investment opportunity presents three commercial buildings situated on a high-traffic section of Main Street in Richmond, Michigan. Boasting over 25,000 vehicles passing daily, this 0.63-acre property offers unparalleled visibility and accessibility. Located on a rural state highway, it benefits from established infrastructure, eliminating any risk of freeway reroute. Richmond itself is a thriving community with over 25,000 residents within easy reach, relying on this business district for essential services, shopping, and dining. The property's prime location and the town's continued growth make it ideally suited for a redevelopment project. The existing structures could be removed to create a vibrant, three-story mixed-use condominium development, incorporating retail or restaurant space on the ground floor and upscale condominiums above. This aligns perfectly with Richmond's increasing demand for both residential and commercial spaces. This project offers significant upside potential, further enhanced by the possibility of securing redevelopment grants and financial incentives. This rare opportunity allows an investor or developer to significantly shape the future of Richmond's dynamic business district, capitalizing on the strong local economy and natural growth trajectory of the area. The asking price for this unique property is $1,200,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.