Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Established Laundromat in Prime Location Title is generated by Realmo AI

    2247 S Center, Burton, MI 48519

    View on Map
    Claim this Listing
    For Sale
    $1,200,000

    Commercial/Industrial - Burton, MI

    Property size:
    7,330 SF
    Lot size:
    1.47 Acres
    Price / SF:
    $163/SF
    Added:
    Sep 8, 2025
    Days on Market:
    251
    Last Refresh:
    May 16 at 10:06 pm

    Property Features for 2247 S Center

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    3 Phase Power
    Standard status
    Active
    APN
    59-22-100-014
    Size
    7,330 SF
    Lot size
    1.47 Acres

    Building Details

    Year built
    1987
    Architectural style
    Other

    We can help!

    Listing Contact
    Denny Chinonis
    Denny Chinonis

    Listing agent Denny Chinonis License #125005

    Listing office American Associates REALTORS 2455 E. Hill Rd., Flint, MI

    Listing date Sep 8, 2025

    MLS# 50187680 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location with excellent accessibility and visibility near major highways.
    • Well‑established business with a loyal customer base.
    • Steady income and growth potential.
    • Surrounded by strong residential neighborhoods and consistent traffic.
    • Perfect opportunity for investor or owner‑operator.
    • 3 Phase Power

    Overview

    This property presents an opportunity to own a well-established laundromat situated in a prime location. The property benefits from its proximity to major highways, offering accessibility and visibility for customers. It is located near residential neighborhoods, which contributes to consistent traffic and a loyal customer base. The property size is 7,330 square feet and the lot size is 1.47 acres. Located in Burton, Michigan, the property is positioned to serve the local community and capitalize on its surroundings.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $845.5K
    NOI $76,092 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.09M
    NOI $76,092 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.52M
    NOI $76,092 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Retail

    Component $ $/SF
    Gross rent $113.5k $15.48
    − Vacancy −$4.8k −$0.65
    EGI $108.7k $14.83
    − OpEx −$32.6k −$4.45
    NOI $76.1k $10.38
    7,330 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $1.09M
    $951.2K – $1.27M (±1% cap)
    NOI $76,092 @ 7.0% cap · market cap 6.34%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.54M
    $1.35M – $1.80M (±1% cap)
    NOI $107,970 @ 7.0% cap · market cap 9.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Eye Go Creations Balloon And Floral For All Occasions — 3419 Lippincott Blvd, Flint, MI 48507

    Location Insight

    • Map
    • Local Demand
    City
    Burton
    County
    Genesee
    State
    Michigan
    Longitude
    -83.6332871
    Latitude
    42.997112

    Nearby Similar for Sale

    • $280,000
      3,560 SF

      Commercial Building in Prime Corridor

      3,500 SF commercial building with high visibility and flexibility.
      4277 S Saginaw Street, Burton, MI 48529
      View Details
    • $895,000
      7,400 SF

      4086 Davison, Burton MI - Inspire Canna

      Turnkey dispensary business and real estate for sale in Burton.
      4086 Davison Rd, Burton, MI 48509
      View Details
    • $280,000
      3,500 SF

      Burton Commercial Asset For Sale

      3,500 SF commercial building in prime Burton corridor.
      4277 S Saginaw St, Burton, MI 48529
      View Details
    • $695,000
      4,100 SF

      Church and Garage on Acreage

      Church with garage, classrooms, and parking on 6.84 acres.
      4075 E Atherton Rd, Burton, MI 48519
      View Details
    • $260,000

      Versatile Office Building For Sale

      High-visibility office building with flexible space and income potential.
      5046 DAVISON Rd, Burton, MI 48509
      View Details
    • $650,000
      4,912 SF

      Fully Rented Commercial Property

      Three-unit commercial property in high-traffic area with expressway access.
      1184 S Belsay Road, Burton City, MI 48509
      View Details
    • $695,000
      21,855 SF

      Spacious Church Facility with Garage

      21,855 sq. ft. church with bus garage.
      4075 E Atherton Rd, Burton, MI, 48519
      View Details
    • $84,999
      2,080 SF

      Spacious Warehouse in Burton, Michigan

      Warehouse with new roof, optimized for storage in Burton.
      32005 Berent Street, Burton, MI 48529
      View Details
    • $692,000
      664 SF

      Retail Space For Sale

      Retail space available for purchase.
      1242 East Bristol Road, Burton, MI, 48529
      View Details
    • $945,000
      8,300 SF

      Commercial Property with Warehouse Complex

      Profitable commercial property featuring office, warehouse, and self-storage units.
      4040 E Bristol Rd, Burton, MI 48532
      View Details
    • $79,900

      Large Garage, Warehouse, Shop Space

      Large garage, warehouse, or shop with endless possibilities.
      3186 E Atherton Rd, Burton, MI 48529
      View Details
    • $159,900
      1,406 SF

      Commercial Building on High-Traffic Road

      Well-maintained commercial building suitable for various professional uses.
      5204 Davison Rd, Burton, MI 48509
      View Details

    FAQs

    What type of property is this?
    Storefront property - Well-established laundromat near major highways with strong customer base.
    Where is this storefront property located?
    The property is located at 2247 S Center Burton, MI.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Prime location with excellent accessibility and visibility near major highways.; Well‑established business with a loyal customer base.; Steady income and growth potential.
    (810) 394-0934
    We can help!
    Listing Contact
    Denny Chinonis
    Denny Chinonis
    Real Estate License ID: 125005
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2247 S Center, Burton, MI 48519
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!