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    FOR SALE
    Commercial real estate

    68385 Main St, Richmond, MI 48062

    2,053 SF 0.4 ac lot Built 1918
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US43-0180810
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1918
    Total area 2,053 SF
    Lot 0.4 ac (17,468 SF)
    Zoning code O
    APN 07-06-01-154-020
    UPID US43-0180810
    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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    Blend (final) Blend
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    Owner & transaction history
    Hecht Family Holdings LLC · 1 yrs held
    Hecht Family Holdings LLC
    since 2025
    Last sale
    $280,000
    1 recorded transaction
    2025
    $280,000
    Zoning & alternative use
    O · Richmond, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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