107 Homer Road

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107 Homer Road

Concord, MI 49237
Asking Price
$90K
Asset Type
Retail
Class
Class B

What's Special

107 Homer Road is situated in the heart of Concord, Michigan, positioned along a primary local corridor. The property sits within a residential-commercial transition zone, characterized by a mix of historic architecture and locally owned businesses. Nearby amenities include the Concord Branch Library, local parks, and established community services. The site benefits from direct access to M-60, providing a straight connection to the regional transportation network and neighboring municipalities such as Jackson and Albion. The property is suited for essential retail services or small-scale commercial operations that cater to the local population. Ideal use cases include a boutique storefront, professional service office, or a specialty convenience market. A typical tenant profile for this location consists of local entrepreneurs or regional service providers looking for a central presence within a stable, small-town market. The layout supports businesses requiring high visibility to local foot and vehicle traffic.

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NOI
$80,000
Cap Rate
88.89%
DSCR
14.97
Strong
Cash-on-Cash
276.51%
Monthly Payment
$445.266
Annual Cash Flow
$74,656.809

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