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Retail Investment Property
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1173 E Caro Road, Caro, MI 48723

For-sale retail property with a stated 6.00% cap rate and 7,500 SF.

Property SizeContact for details
Days on Market120

Property Features for 1173 E Caro Road

General Information

Standard status Active
Property subtype Retail
Listing Agency: Marcus & Millichap - San Diego
Listed By: Phil Sambazis · License #01474991
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 3:25PM

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 Marcus & Millichap - San Diego

Investment Insights

Based on property information with market context.

This for-sale retail investment property is listed with a stated 6.00% cap rate and a total size of 7,500 SF.

The property is located at 1173 E Caro Road in Caro, Michigan (48723). Based on the information provided, the offering is presented as a retail asset suitable for buyers evaluating income-focused investment criteria.

No additional building specifications, tenancy details, or condition specifics were provided with the listing information. Interested buyers and brokers should confirm all underwriting details and property particulars during their due diligence.

Key Highlights

  • For‑sale retail property with a stated 7,500 SF building size
  • Stated 6.00% cap rate

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Hair Salon Real Estate Agency Electrical Service Plumbing Service Nail Salon Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

258
Businesses Nearby
145k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 39% Shops & Services 31% Apparel 14% Groceries 8%
Walmart Superstores
56,996 visits/mo 0.1 miles
Marshalls Apparel
20,624 visits/mo 0.2 miles
Speedway Shops & Services
13,022 visits/mo 0.4 miles
Murphy USA Shops & Services
12,368 visits/mo 0.0 miles
Aldi Groceries
11,624 visits/mo 0.1 miles

Demographics for 48723, MI

11,953
Population
5,175
Households
2.3
Avg Household Size
45
Median Age
18%
College-Educated
91%
High-School Grad
131.8 sq mi
ZIP Area
91
Density / Sq Mi
$56,618
Median Household Income
$40,543
Median Earnings
$737
Median Rent
$131,300
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - For-sale retail property with a stated 6.00% cap rate and 7,500 SF.
Where is this retail space located?
The property is located at 1173 E Caro Road Caro, MI.
What are key features of this property?
This property features: For‑sale retail property with a stated 7,500 SF building size; Stated 6.00% cap rate
(858) 373-3100 Call to check price and availability
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