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    1620 Main St Chelsea, MI 48118

    • Commercial real estate
    • 0.91 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US43-4189286
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1620 Main St

    Lot size
    0.91 lot acres
    Zone code
    C3 HIG
    Property type
    Commercial real estate
    APN
    06-06-13-380-029
    APU
    60613380029

    Description

    This prime retail center in Chelsea, Michigan, offers 52,968 square feet of space, with six available units ranging from 1,900 to 4,078 contiguous square feet. Located on a 3.21-acre lot at 1620 S Main Street, this development boasts exceptional visibility and accessibility, situated directly off I-94 and M-52. Currently, 14,078 square feet are vacant, presenting a unique opportunity for businesses seeking high-traffic exposure. The center enjoys a prime location between Ann Arbor and Jackson, two major Michigan cities, benefiting from Chelsea's rapid growth. This thriving community provides a strong market for retail and medical users. An additional 0.75-acre pad site is available for ground lease or build-to-suit options, offering further expansion potential adjacent to the existing retail center. The property's strategic location and ample space make it an ideal investment for businesses seeking to establish or expand their presence in a dynamic and growing market. Join established tenants such as Starbucks and AT&T in this vibrant retail hub. The minimum divisible space is 1,900 square feet.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chelsea
    County
    Washtenaw
    State
    Michigan
    Longitude
    -84.0258
    Latitude
    42.298
    CBSA code
    11460
    CBSA name
    ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $26,860
    $0.00
    $0.00
    $433,200
    -
    $0.00
    $0.00
    $866,400

    Comparable in this City

    • Value Estimation by Request
      0.20 Acres

      129 Middle St

      COMMERCIAL (GENERAL) • 0.20 Acres
      129 Middle St, Chelsea, MI 48118-1224
      View Details
    • Value Estimation by Request
      3.32 Acres

      14288 Old Us Hwy 12

      COMMERCIAL (GENERAL) • 3.32 Acres
      14288 Old Us Hwy 12, Chelsea, MI 48118-2700
      View Details
    • Value Estimation by Request
      20.00 Acres

      325 Wilkinson St

      COMMERCIAL (GENERAL) • 20.00 Acres
      325 Wilkinson St, Chelsea, MI 48118-1394
      View Details
    • Value Estimation by Request
      0.90 Acres

      125 Jackson St

      COMMERCIAL (GENERAL) • 0.90 Acres
      125 Jackson St, Chelsea, MI 48118-1003
      View Details
    • Value Estimation by Request
      5,765 SF

      533 Main St

      COMMERCIAL (GENERAL) • 5,765 SF
      533 Main St, Chelsea, MI 48118-1541
      View Details
    • Value Estimation by Request
      0.10 Acres

      106 Main St

      COMMERCIAL (GENERAL) • 0.10 Acres
      106 Main St, Chelsea, MI 48118-1264
      View Details

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    Similar Nearby for Lease

    • $18 SF/Yr
      2,045 SF

      Chelsea Retail Space For Rent

      Retail or office space with high traffic and ample parking.
      1020 S Main St, Chelsea, MI 48118
      View Details
    • Contact for pricing
      52,968 SF

      Chelsea Retail Center Opportunity

      High-Visibility Retail Space Available
      1620 Main St, Chelsea, MI 48118
      View Details
    • $25 SF/Yr
      3,684 SF

      Prime Chelsea Office Space

      Standalone Office, 3684 sq ft, Fully Renovated
      50 Fletcher Rd, Chelsea, MI 48118
      View Details
    • $10 SF/Yr
      15,550 SF

      Chelsea Industrial Flex Space

      15,550 SF Flex Space, Ann Arbor Area
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    • $25 SF/Yr
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      Downtown Chelsea Restaurant Space

      Prime Main Street location, 2,941 SF
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    • $13 SF/Yr
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      Retail Space in Renovated Center

      Retail space available in a recently renovated shopping center.
      1145 S Main St, Chelsea, MI 48118
      View Details
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    1620 Main St
    Chelsea, MI 48118
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    Realmo Value Estimation

    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.

    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.

    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
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