Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3452-3466-3480 Elms Flushing, MI 48433

    View on Map
    Claim this Listing
    For Sale
    $650,000

    Commercial/Industrial - Flushing, MI

    Property size:
    1,342 SF
    Lot size:
    10.90 Acres
    Price / SF:
    $484/SF
    Added:
    Aug 22, 2023
    Days on Market:
    977
    Last Refresh:
    Apr 24 at 10:06 pm

    Property Features for 3452-3466-3480 Elms

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Mixed Use,Commercial,Residential
    Interior features
    Cable TV Available, Electric Available, Gas Available
    Standard status
    Active
    APN
    14-31-504-005-005-006
    Size
    1,342 SF
    Lot size
    10.90 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8250

    Utilities

    Utilities
    Cable Available, Electricity Available
    Heating system
    Forced Air

    Building Details

    Year built
    1965
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Lucy Ham
    Lucy Ham

    Listing agent Lucy Ham License #122522

    Listing office Ham Group Realty 124 E. Main St., Flushing, MI

    Listing date Aug 22, 2023

    MLS# 50119807 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.

    Overview

    Flushing Land with Rental Home

    This property features 10.9 acres with 494 feet of frontage on Elms Rd. It includes a rental home located at 3466 Elms on 0.9 acres, currently leased for $875 per month plus utilities. Additionally, there are two vacant land parcels: 3452 Elms, which is 0.9 acres, and 3480 Elms, which comprises 9.1 acres. The property is situated on a prime development corner across from Kroger and behind Speedway, Wendy's, and Chase Bank. The zoning is C-2 and residential, offering mixed-use possibilities. The seller is willing to split the land for your business, offering parcels from 2 acres to 10 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Flushing
    County
    Genesee
    State
    Michigan
    Longitude
    -83.8667
    Latitude
    43.0742

    Nearby Similar for Sale

    • $4,700,000
      22,592 SF

      Flushing Multi-Use Commercial Building

      22,592 SF building on 4.36 acres in Flushing, MI.
      1537 E Pierson Road, Flushing, MI 48433
      View Details
    • $700,000
      5,188 SF

      Flushing Bar and Restaurant Opportunity

      Established bar and restaurant with real estate and liquor license.
      111 E MAIN Street, Flushing, MI 48433
      View Details
    • $500,000
      3,658 SF

      Flushing Assisted Living Facility

      12-bed licensed assisted living facility on 1.75 acres.
      1111 0000 Road, Flushing, MI 48433
      View Details
    • $519,000
      400 SF

      Office Building on Pierson Road

      Office building with high visibility and private parking.
      6015 W Pierson Rd, Flushing, MI 48433
      View Details
    • $525,000
      3,172 SF

      Retail Space in Flushing, MI

      Retail space available for sale in Flushing, Michigan.
      6530 Pierson Road, Flushing, MI, 48433
      View Details
    • $150,000
      4,800 SF

      Versatile Building in Flushing, Michigan

      Adaptable 4,800 sq ft building suitable for various purposes.
      5360 Bangor Avenue, Flushing, MI 48433
      View Details
    • $17,900

      Wooded Land Near Downtown Flushing

      Wooded 1/3 acre building site near downtown Flushing, Michigan.
      3371 Ann, Flushing, MI 48433
      View Details
    • $50,000

      Vacant Land in Flushing, MI

      2.135-acre vacant land parcel, ready for development.
      7181 W Mount Morris, Flushing, MI 48433
      View Details
    • $19,900

      Residential Land in Flint Township

      Vacant land in Crystal Wood Subdivision, Flushing Schools.
      60 Emeraldwood Trail, Flint Twp, MI 48433
      View Details
    • $19,900

      Residential Land in Flushing, MI

      Vacant land suitable for new construction in a desirable location.
      8520 Appleblossom, Flushing, MI 48433
      View Details
    • $14,900

      Residential Land in Flint Township

      Five parcels of vacant land in Crystal Wood Subdivision.
      74 Emeraldwood Trail, Flint Twp, MI 48433
      View Details
    • $90,000

      Vacant Land in Flushing, MI

      Vacant lot in a tranquil setting, perfect for building.
      9207 N. Island, Flushing, MI 48433
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10.9 acres in Flushing, MI with development potential.
    Where is this commercial land located?
    The property is located at 3452-3466-3480 Elms Flushing, MI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Prime development corner location across from Kroger, Speedway, Wendy's, and Chase Bank.; Expansive 494‑foot frontage on Elms Rd.; Total of 10.9 acres with flexible purchase options (2 to 10 acres) - seller will split.
    (810) 659-6569
    We can help!
    Listing Contact
    Lucy Ham
    Lucy Ham
    Real Estate License ID: 122522
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!