68476 Main St Richmond, MI 48062-1297
This exceptional 5,531 square foot retail property, located at 68476 Main St, Richmond, MI 48062, presents a unique investment opportunity. Built in 1940, this building sits on a 0.47-acre lot and boasts 180 feet of road frontage, ensuring high visibility and accessibility. The property features a full basement, a two-car garage, a quaint carriage house, and ample parking for 15+ vehicles. Currently zoned B2 Commercial, the property offers a wide array of potential uses, including but not limited to a bed and breakfast, assisted living facility, daycare, restaurant, attorney's office, or tavern. The spacious layout includes a large second floor, ideal for mixed-use development, such as combining commercial space on the first floor with residential quarters above. The asking price is $210,000, translating to $38 per square foot. The land value alone is also assessed at $38 per square foot. This property presents a chance to revitalize a classic building in a desirable location, offering significant potential for return on investment. The Macomb County location and the property's versatile zoning make this a truly compelling opportunity for a savvy investor. The APN is 0601152001.
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
B-2 · Richmond, MIRichmond. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.