Retail Storefront with Pylon
For Sale
Contact for pricing
Pending
1120 W Main St, Lowell, MI 49331
Former Dollar Tree retail space offers a large pylon sign on a main thoroughfare.
Property Size8,260 SF
Days on Market297
Property Features for 1120 W Main St
General Information
Standard status
Pending
Size
8,260 SF
Total Parking Spaces
55
Property subtype
Retail
Zoning
C3
Lease Type
NNN
Amenities
Power
Water
Sewer
Natural Gas
Vacant
55 Parking Spaces
Building Details
Year Built
2013
Listing Agency:
Prime Development
Listed By:
Eric Trierweiler · License #6502107086
(616) 560-0362
Source:
Carwm.resimplifi
Added: Jan 1
Changed: Oct 2
Last Checked: Oct 24 at 1:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prime Development
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Investment Insights
Based on property information with market context.
This is a former Dollar Tree retail storefront now available for sale. The property includes a large pylon sign located on a main thoroughfare and features WB-67 circulation.
The asset is situated at 1120 W Main St in Lowell, Michigan, with visibility from the main road as supported by the presence of the pylon sign.
The offering is for a retail storefront configuration appropriate for users seeking an existing retail building with prominent roadside identification.
The asset is situated at 1120 W Main St in Lowell, Michigan, with visibility from the main road as supported by the presence of the pylon sign.
The offering is for a retail storefront configuration appropriate for users seeking an existing retail building with prominent roadside identification.
Key Highlights
- Former Dollar Tree retail space for sale
- Large pylon sign on a main thoroughfare
- WB‑67 circulation noted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,746
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,714,920
$1.7M
Cap Rate 7%
$1,224,943
$1.2M
Cap Rate 9%
$952,733
$952.7K
Market Conditions
NOI Build-Up for 8,260 SF
Gross rent
$127.9K $15.48/SF
− Vacancy
−$5.4K −$0.65/SF
EGI
$122.5K $14.83/SF
− OpEx
−$36.7K −$4.45/SF
NOI
$85.7K $10.38/SF
Area
Kent County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,714,920
Cap Rate 7%
$1,224,943
Cap Rate 9%
$952,733
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.43M
NOI $85,746 @ 7.0% cap · market cap 857,460.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,415 @ 7.0% cap · market cap 1,034,150.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Huntington Bank
Shops & Services
4,282 visits/mo
0.5 miles
Demographics for 49331, MI
18,023
Population
7,208
Households
2.5
Avg Household Size
40
Median Age
39%
College-Educated
96%
High-School Grad
91.5 sq mi
ZIP Area
197
Density / Sq Mi
$92,443
Median Household Income
$49,286
Median Earnings
$1,109
Median Rent
$293,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Former Dollar Tree retail space offers a large pylon sign on a main thoroughfare.
Where is this retail space located?
The property is located at 1120 W Main St Lowell, MI.
What are key features of this property?
This property features: Former Dollar Tree retail space for sale; Large pylon sign on a main thoroughfare; WB‑67 circulation noted
