102 N Centerville St

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102 N Centerville St

Sturgis, MI 49091
Asking Price
$1.57M
Asset Type
Retail
Class
Class B

What's Special

Located at 102 N Centerville St, this retail property occupies a prominent corner in the central business district of Sturgis, Michigan. The neighborhood features a mix of historic architecture and active commercial storefronts, characterized by steady pedestrian activity. It is situated near established local amenities including the Sturgis District Library, various professional offices, and civic buildings. The site offers convenient access to U.S. 12 (Chicago Road), a primary east-west corridor, and M-66, facilitating regional connectivity for commuters and nearby residents. The building is suited for a variety of general retail uses, boutique shops, or specialty service providers. Its street-level visibility and traditional storefront layout cater to small business owners or regional brands seeking a downtown presence. Typical tenants for this asset class include light food service operators, fitness studios, or professional showrooms. The interior configuration supports flexible floor plans, making it adaptable for occupants requiring both customer-facing areas and back-of-house storage or administrative space.

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NOI
$80,000
Cap Rate
5.08%
DSCR
0.86
Underwater
Cash-on-Cash
-2.86%
Monthly Payment
$7,792.241
Annual Cash Flow
$-13,506.888

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