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    Richmond, MI
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    Richmond, MI Residential Income Properties for Sale

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    Corner Medical Clinic with Apartments
    Updated: Jun 24
    Corner Medical Clinic with Apartments

    69206 N Main St, Richmond, MI 48062

    $649,900
    4,860 sqft
    Prominent downtown commercial corner with a light, bright first‑floor storefront and flexible B‑2 zoning
    Currently operating as a medical sports recovery clinic (Ste 1‑A) with commercial use allowed on the first 2 floors
    Five additional income‑generating apartments with leases in place
    High‑quality new front and rear doors with sidelights and transom updated in 2026
    Storefront window display style and curb‑appeal architecture, located in a historic walking downtown area
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    This listing looks promising.

    Here's a quick look at some key insights for

    69206 N Main St, Richmond, MI

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    • Est. Cap Rate

      7.8%
      Above avg (5.9%)

    • Est. NOI

      $51K
      Annual

    • Price @ 7% Cap

      $728K
      Above asking

    • Property Type

      Multi-Family Dwellings
      Built 1920
    View Property Analytics
    25-Unit Multifamily Apartment Building
    Updated: Jul 25
    25-Unit Multifamily Apartment Building

    36984 Division Rd, Richmond, MI 48062

    $2,680,000
    Well‑maintained 25‑unit multifamily property built in 1982
    Currently 100% occupied with Net Operating Income (NOI) of $191,560
    Approximately 180 feet of road frontage on Division Road
    Easy access to M‑19 and surrounding communities
    Spacious units and ample parking plus a large lot
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Richmond, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    New Baltimore, MI 48047

    $875,000
    7.00 AC lot

    Mixed-use zoned 7-acre parcel with approximately 259 feet of direct road frontage and a month-to-month tenant in place.

    View details
    Commercial Land with Rental Homes
    Commercial Land with Rental Homes

    50675-50811 Romeo Plank Road, Macomb, MI 48044

    $1,950,000
    7.90 AC lot

    Commercially zoned land includes two existing rental homes and benefits from planned roadway expansion nearby.

    View details
    Multi-Family Apartment Building
    Multi-Family Apartment Building

    36581 Hathaway Street, New Baltimore, MI 48047

    Contact for pricing

    Apartment building offering 42 units and positioned as a value-add opportunity in a growing lakeshore community.

    View details
    Condo Near Hall Road, I-94
    Condo Near Hall Road, I-94

    124 mark, Macomb, MI 48043

    Contact for pricing

    Condo with new flooring, fireplace, basement, and fenced backyard.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Site in Richmond
    Prime Development Site in Richmond

    10000 Gratiot Avenue, Richmond, MI 48063

    $159,900
    4.00 AC lot

    Four-acre development site with dual road frontage near downtown.

    View details
    Agricultural Land with Cleared Area
    Agricultural Land with Cleared Area

    Lindsey Road, Casco, MI 48064

    $145,000
    12.33 AC lot

    Zoned residential and agricultural, with about three acres cleared and the remainder wooded for privacy and hunting.

    View details
    Waterfront Land Parcel
    Waterfront Land Parcel

    Bauman Road, Columbus, MI 48063

    $295,000
    12.18 AC lot

    Waterfront building site on a private lake in Columbus, zoned for residential and multi-family development.

    View details
    Cleared 5-Acre Buildable Land
    Cleared 5-Acre Buildable Land

    Vac-corner Springborn, Casco, MI 48064

    $69,000
    5.01 AC lot

    5-acre vacant land parcel ready for construction in Casco, MI.

    View details

    Richmond, MI Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Richmond, MI on our real estate platform. These investment opportunities span a total of 4,860 square feet of properties for sale, with an estimated market value of $3,329,900.

    Sale prices for residential income properties in Richmond, MI start at $649,900, averaging $1,664,950, and reaching up to $2,680,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 2
    Multifamily properties 2

    Demographics Overview

    Population 9,273
    Population Growth (5Y) -3.4%
    Median Household Income $75,763
    College Educated 35.8%

    High-Yield Neighborhoods for Investment

    Identify Richmond submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48062 $225K

    Taxes & Financing

    Tax Rate (average for all types) 4.76%
    Property Tax per SF $84.02 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Macomb County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Macomb County

    Residential Income

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