Renovated Retail or Office
11225 S Saginaw Street Grand Blanc, MI 48439
New
11225 S Saginaw Street, Grand Blanc, MI, 48439
$550,000
For Sale
$550,000
Recently renovated retail/office condominium in Old World Village Plaza with ample on-site parking and downtown access.
Property Size2,200 SF
Price / SF$250
Days on Market2
Property Features for 11225 S Saginaw Street
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing Agency
BHHS Michigan Real Estate
(231) 350-8039
Listed by
Jonathan Crane · License #6501400690
Source
Eliterealtymi
Added: Jul 16 Checked: Jul 17 at 2:32 am
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 BHHS Michigan Real Estate
Investment Insights
Based on property information with market context.
This retail or office condominium offers approximately 2,200 square feet of recently renovated interior space within Old World Village Plaza. The unit is set up to support a range of business uses, with a modern, updated build-out intended to provide a strong foundation for an owner-operator or an investor.
The property is positioned in the heart of downtown Grand Blanc and benefits from the surrounding presence of well-established neighboring businesses. The development is described as having ample parking and a steady flow of clientele, supporting convenient access for customers and visitors.
Offered for sale as part of the Old World Village Plaza condominium community, the space includes the flexibility to operate as either retail or office, depending on the buyer’s intended use.
The property is positioned in the heart of downtown Grand Blanc and benefits from the surrounding presence of well-established neighboring businesses. The development is described as having ample parking and a steady flow of clientele, supporting convenient access for customers and visitors.
Offered for sale as part of the Old World Village Plaza condominium community, the space includes the flexibility to operate as either retail or office, depending on the buyer’s intended use.
Key Highlights
- Approximately 2,200 SF retail/office condominium in Old World Village Plaza in downtown Grand Blanc
- Recently renovated unit with a modern, updated interior
- Year built: 1984
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nuevo Vallarta
Restaurant
Carbon Beauty Bar
Hair Salon
Alter + Blend
Hair Salon
Austin Michael Institute ...
Vocational School
Grand Blanc Grooming ...
Barber Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Kroger Floral Department — 12731 S Saginaw St, Grand Blanc, MI 48439
FAQs
What type of property is this?
Storefront property - Recently renovated retail/office condominium in Old World Village Plaza with ample on-site parking and downtown access.
Where is this storefront property 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 $550,000.
What are key features of this property?
This property features: Approximately 2,200 SF retail/office condominium in Old World Village Plaza in downtown Grand Blanc; Recently renovated unit with a modern, updated interior; Year built: 1984
