Renovated Retail
For Sale
$525,000
11225 S Saginaw Street #D, Grand Blanc, MI 48439
The updated interior can accommodate retail or office use within a commercial condominium development.
Property Size2,200 SF
Price / SF$238.64
Days on Market157
Property Features for 11225 S Saginaw Street #D
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Commercial
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$8,328
Building Details
Building Size
2,200 SF
Year Built
1984
Stories
1
Listed By:
JEFF Gates
(586) 298-1509
Source:
Housewant
Added: May 26
Changed: Oct 27
Last Checked: Oct 27 at 4:10AM
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 JEFF Gates
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Investment Insights
Based on property information with market context.
This commercial condominium offers approximately 2,200 square feet configured for retail or office use. Renovations have refreshed the interior, and the unit is part of Old World Village Plaza, a commercial development with neighboring businesses and shared parking.
The property is at 11225 S Saginaw Street in Grand Blanc, within the downtown area. The building dates to 1984.
The property is at 11225 S Saginaw Street in Grand Blanc, within the downtown area. The building dates to 1984.
Key Highlights
- Approximately 2,200 square feet of retail or office space
- Renovated interior
- Commercial condominium in Old World Village Plaza
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,838
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,760
$456.8K
Cap Rate 7%
$326,257
$326.3K
Cap Rate 9%
$253,756
$253.8K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$34.1K $15.48/SF
− Vacancy
−$1.4K −$0.65/SF
EGI
$32.6K $14.83/SF
− OpEx
−$9.8K −$4.45/SF
NOI
$22.8K $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%
$456,760
Cap Rate 7%
$326,257
Cap Rate 9%
$253,756
Alternative Uses
Best Use
Retail
$326.3K
$285.5K – $380.6K
NOI $22,838 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.9K
$405.1K – $540.1K
NOI $32,406 @ 7.0% cap · market cap 6.17%
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 - The updated interior can accommodate retail or office use within a commercial condominium development.
Where is this retail space 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 $525,000.
What are key features of this property?
This property features: Approximately 2,200 square feet of retail or office space; Renovated interior; Commercial condominium in Old World Village Plaza
