68385 Main St, Richmond, MI 48062
For Sale
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This stunning, 2,050 square foot, two-story Class B office building, located in downtown Richmond, Michigan, presents a unique owner-user opportunity. Built in 1918 and extensively renovated in 2023, the property boasts a bright and airy layout, including five offices, a conference room, two half baths, and two kitchenettes. The building is handicap accessible and features a private parking lot with six spaces, supplemented by ample street parking. A full basement provides substantial storage space, housing the furnace and hot water heater. An additional storage building is situated on the 0.4-acre lot. The property is currently vacant, offering immediate occupancy. The permitted zoning is for office use. The building's Net Operating Income (NOI) is $16,424. The asking price is $324,900. The property's APN is 07-06-01-154-020. This iconic building offers a blend of historic charm and modern functionality, making it an ideal investment for a business seeking a prominent downtown location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
O · Richmond, MIRichmond. 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.