Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $600,000
    Retail space

    119 Main St, Chelsea, MI 48118-1542

    3,969 SF 0.06 ac lot Built 1900
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1574831
    Property summary
    AI-generated overview

    This exceptional 2,648-square-foot commercial space, located at 119 S Main St in Chelsea, Michigan (zip code 48118), presents a unique opportunity for a variety of businesses. The property, situated in the heart of downtown Chelsea, offers high visibility and significant foot traffic, ensuring maximum exposure. The building, renovated in 2024, features a charming blend of historic character and modern functionality. The main level encompasses 2,148 square feet (22' x 100'), providing ample space for retail or office use. An additional 500 square feet is available on the lower level, currently accessible via an internal staircase. The interior boasts exposed brick walls and hardwood flooring, creating an attractive aesthetic suitable for diverse build-out options. The C-5 (Central Business District) zoning allows for flexible use. Convenient parking is available both in the rear of the building and on the street. This single-tenant space, within a two-story building with 12-foot ceilings, is ideal for entrepreneurs seeking a prime location in a thriving downtown area. The property's combination of historic charm, modern updates, and excellent location makes it an exceptional investment opportunity. The address is easily accessible via Middle Cross Street.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1900
    Total area 3,969 SF
    Lot 0.06 ac (2,396 SF)
    Zoning code C5 CENT
    APN 06-06-12-183-020
    UPID US43-1574831
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $600k
    CAP Approach CAP
    $830k
    Comparable Approach Comparable
    $453k
    Blend (final) Blend
    $600k
    Owner & transaction history
    Tannin Property Group LLC · 1 yrs held
    Tannin Property Group LLC
    since 2024
    Last sale
    $600,000
    7 recorded transactions
    2024
    2024
    $600,000
    2023
    2008
    2003
    1969
    1969
    Zoning & alternative use
    C5 CENT · Chelsea, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $600,000 +31.0%
    Commercial (general) $570,000 +24.4%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 119 Main St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    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