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    OFF-MARKET
    Retail space

    68074 Main St, Richmond, MI 48062-1331

    4,144 SF 0.28 ac lot Built 1905
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0213910
    Property summary
    AI-generated overview

    This exceptional 4,144 square foot industrial property located at 68074 S Main, Richmond, MI, presents a unique investment opportunity. Currently leased to a thriving antique market and furniture retailer on a long-term agreement, this property guarantees immediate and consistent rental income. The building, situated on a 0.28-acre lot, boasts a rich history, having previously served as a successful music studio. The main level is beautifully appointed with multiple rooms, currently subleased to various antique vendors. The upper level offers significant untapped potential for expansion or additional rental income. A large, dry basement is currently used for cold storage by a neighboring business, generating supplemental revenue. The property includes a private parking lot, adding to its convenience and appeal. Offered at $269,999, this well-maintained building represents a chance to acquire a landmark property with a proven track record of success in a vibrant community. Its established tenancy and diverse income streams make it an attractive investment for discerning buyers seeking a stable and profitable venture. The property's history and current use combine to create a unique and compelling investment opportunity. Don't miss this chance to own a piece of Richmond's commercial history.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1905
    Total area 4,144 SF
    Lot 0.28 ac (12,110 SF)
    Zoning code B-2
    APN 07-06-01-163-002
    UPID US43-0213910
    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
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    by Request
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    Owner & transaction history
    68074 LLC · 4 yrs held
    68074 LLC
    since 2022
    2 recorded transactions
    2022
    2018
    Zoning & alternative use
    B-2 · Richmond, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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