Remodeled Retail
New
For Sale
$189,900
11225 S Saginaw Street, Grand Blanc, MI 48439
Commercial zoning and a flexible layout support office or retail occupancy.
Property Size760 SF
Price / SF$249.87
Days on Market4
Property Features for 11225 S Saginaw Street
General Information
Standard status
Active
Size
760 SF
Property subtype
Commercial
Zoning
Commercial, Office
Taxes and HOA fees
Annual Taxes
$3,146
Amenities
new HVAC system (furnace & central air)
updated bathroom
updated kitchenette
new ceilings throughout
sound-insulated
Building Details
Building Size
760 SF
Year Built
1984
Year Renovated
2020
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Est
Listed By:
Cathy Purdy
(810) 241-7612
Source:
61houses
Added: Nov 1
Last Checked: Nov 3 at 7:18PM
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 Berkshire Hathaway HomeServices Michigan Real Est
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Investment Insights
Based on property information with market context.
Suite 5 is a 760-square-foot commercial condominium with a layout suited to office or retail use. The interior was remodeled in 2020, with new ceilings, an updated bathroom and kitchenette, and sound insulation. Heating and cooling are provided by a new furnace and central air system.
The unit is within Old World Village Plaza at 11225 S Saginaw Street in Grand Blanc, Michigan. Its zoning is listed as Commercial, Office.
The unit is within Old World Village Plaza at 11225 S Saginaw Street in Grand Blanc, Michigan. Its zoning is listed as Commercial, Office.
Key Highlights
- 760 square feet of office or retail space
- Remodeled in 2020
- New furnace and central air system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,889
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$157,780
$157.8K
Cap Rate 7%
$112,700
$112.7K
Cap Rate 9%
$87,656
$87.7K
Market Conditions
NOI Build-Up for 760 SF
Gross rent
$11.8K $15.48/SF
− Vacancy
−$494 −$0.65/SF
EGI
$11.3K $14.83/SF
− OpEx
−$3.4K −$4.45/SF
NOI
$7.9K $10.38/SF
Area
Genesee 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%
$157,780
Cap Rate 7%
$112,700
Cap Rate 9%
$87,656
Alternative Uses
Best Use
Retail
$112.7K
$98.6K – $131.5K
NOI $7,889 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$159.9K
$139.9K – $186.6K
NOI $11,195 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Explore this area
Business Placement
Demographics for 48439, MI
51,719
Population
22,101
Households
2.3
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
949
Density / Sq Mi
$88,505
Median Household Income
$47,506
Median Earnings
$1,035
Median Rent
$250,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial zoning and a flexible layout support office or retail occupancy.
Where is this retail space located?
The property is located at 11225 S Saginaw Street Grand Blanc, MI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 760 square feet of office or retail space; Remodeled in 2020; New furnace and central air system
