119 Main St, Chelsea, MI 48118-1542
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
C5 CENT · Chelsea, MIChelsea. Always verify with local authorities before improvements.
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.