Mixed-Use Building with
For Sale
$674,900
11522 Davis St, Grand Blanc, MI 48439
Downtown corner property combines commercial space, a leased apartment, parking, and separate entrances.
Property Size3,294 SF
Price / SF$204.89
Days on Market89
Property Features for 11522 Davis St
General Information
Standard status
Active
Size
3,294 SF
Additional Details
Corner Location
Yes
Building Details
Year Built
1920
Listing Agency:
The Sedlarik Group Realty LLC
Listed By:
Tommy McHale · License #6501387823
(248) 846-3246
Source:
Katie-k
Added: Jul 19
Changed: Oct 13
Last Checked: Oct 7 at 3:14PM
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 The Sedlarik Group Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property contains 3,294 square feet of commercial and residential space on two parcels combined into one site. The main level features a large open layout with multiple elevations, substantial storage, two separate basements, and a partially finished basement area. Two interior lower-level walls are non-load-bearing, and plumbing is installed beneath the northeast corner for additional bathrooms. Building systems include two newer furnaces, two AC units, and three hot water heaters.
The upper-level residence is a two-bedroom, one-bath apartment with private side entrances, vaulted ceilings, and a balcony accessible from sliding doors in both bedrooms. The apartment is currently leased. Exterior features include a large parking lot, a handicap ramp, and a corner position at Davis Street and Grand Blanc Rd, one street from the main traffic light in downtown Grand Blanc.
The upper-level residence is a two-bedroom, one-bath apartment with private side entrances, vaulted ceilings, and a balcony accessible from sliding doors in both bedrooms. The apartment is currently leased. Exterior features include a large parking lot, a handicap ramp, and a corner position at Davis Street and Grand Blanc Rd, one street from the main traffic light in downtown Grand Blanc.
Key Highlights
- 3,294 SF mixed‑use building on two combined parcels
- Two‑bedroom, one‑bath apartment with private entrances and balcony
- Currently leased upper‑level apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,195
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,900
$683.9K
Cap Rate 7%
$488,500
$488.5K
Cap Rate 9%
$379,944
$379.9K
Market Conditions
NOI Build-Up for 3,294 SF
Gross rent
$51.0K $15.48/SF
− Vacancy
−$2.1K −$0.65/SF
EGI
$48.8K $14.83/SF
− OpEx
−$14.7K −$4.45/SF
NOI
$34.2K $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%
$683,900
Cap Rate 7%
$488,500
Cap Rate 9%
$379,944
Alternative Uses
Best Use
Retail
$488.5K
$427.4K – $569.9K
NOI $34,195 @ 7.0% cap · market cap 5.07%
Second Best
Mixed Use
$450.0K
$393.7K – $525.0K
NOI $31,499 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$693.1K
$606.5K – $808.7K
NOI $48,520 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
516
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown corner property combines commercial space, a leased apartment, parking, and separate entrances.
Where is this mixed-use property located?
The property is located at 11522 Davis St Grand Blanc, MI.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 3,294 SF mixed‑use building on two combined parcels; Two‑bedroom, one‑bath apartment with private entrances and balcony; Currently leased upper‑level apartment
