350 N Main St

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350 N Main St

Chelsea, MI 48118
Asking Price
$4.95M
Asset Type
Retail
Class
Class B

What's Special

350 N Main St is situated in the historic downtown district of Chelsea, Michigan, a walkable area characterized by preserved architecture and local commerce. The property is positioned along the city’s primary north-south thoroughfare, providing direct access to the M-52 corridor and proximity to Interstate 94. Nearby amenities include the Chelsea District Library, the Purple Rose Theatre, and a variety of established local dining and service-oriented businesses. The site’s high visibility and functional retail layout make it suitable for general merchandise, specialty boutiques, or service-based retail. The location typically attracts small business owners and regional retailers looking to benefit from steady pedestrian traffic and the regional draw of Chelsea’s commercial core. The building’s configuration supports flexible floor plans adaptable to diverse customer-facing operations.

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NOI
$80,000
Cap Rate
1.62%
DSCR
0.27
Underwater
Cash-on-Cash
-14.40%
Monthly Payment
$24,489.899
Annual Cash Flow
$-213,878.79

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