Renovated Retail/Office Condo
For Sale
$550,000
11225 S Saginaw Street #D, Grand Blanc, MI 48439
Recently renovated retail or office condominium suite within Old World Village Plaza with ample parking and convenient access.
Days on Market66
Property Features for 11225 S Saginaw Street #D
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Building Size
2,200 SF
Year Built
1984
Listing Agency:
Berkshire Hathaway Homeservices - TC
(231) 350-8039
Listed By:
Jonathan Crane · License #6504431857
(231) 350-8039
Source:
Carolbollo
Added: May 26
Changed: Jul 21
Last Checked: Jul 21 at 6:18PM
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 - TC
Investment Insights
Based on property information with market context.
An approximately 2,200-square-foot retail or office condominium suite in Old World Village Plaza, offered for sale as part of a well-established downtown development. The unit has been recently renovated with a modern, updated interior that supports a variety of business uses. It is presented as versatile commercial space, suitable for either retail operations or office needs.
Located in the heart of downtown Grand Blanc, the property benefits from a strong mix of neighboring businesses and a steady flow of clientele associated with the plaza. The development offers ample parking and convenient access for customers and visitors.
For buyers seeking an owned commercial suite in a maintained retail environment, this renovated unit provides a straightforward foundation for occupancy within Old World Village Plaza’s established tenant community.
Located in the heart of downtown Grand Blanc, the property benefits from a strong mix of neighboring businesses and a steady flow of clientele associated with the plaza. The development offers ample parking and convenient access for customers and visitors.
For buyers seeking an owned commercial suite in a maintained retail environment, this renovated unit provides a straightforward foundation for occupancy within Old World Village Plaza’s established tenant community.
Key Highlights
- Recently renovated retail or office condominium suite (approx. 2,200 SF)
- Located in Old World Village Plaza in downtown Grand Blanc
- Year built: 1984
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.5k | $17.04 |
| − Vacancy | −$5.2k | −$2.35 |
| EGI | $32.3k | $14.69 |
| − OpEx | −$8.1k | −$3.67 |
| NOI | $24.2k | $11.02 |
2,200 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$346.2K
$303.0K – $403.9K
NOI $24,236 @ 7.0% cap · market cap 4.41%
Second Best
Retail
$326.3K
$285.5K – $380.6K
NOI $22,838 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$462.9K
$405.1K – $540.1K
NOI $32,406 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Royal Gardens — 214 McFarland St, Grand Blanc, MI 48439
Frequently Asked Questions
What type of property is this?
Storefront property - Recently renovated retail or office condominium suite within Old World Village Plaza with ample parking and convenient access.
Where is this storefront property located?
The property is located at 11225 S Saginaw Street #D Grand Blanc, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Recently renovated retail or office condominium suite (approx. 2,200 SF); Located in Old World Village Plaza in downtown Grand Blanc; Year built: 1984
