Property profile

11522 Davis St Grand Blanc, MI 48439

FOR SALE
Other commercial real estate
Property ID
US43-0999188
3,294 SF 0.34 ac lot Built 1920
Trust Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is located in downtown Grand Blanc at the corner of Davis Street and Grand Blanc Road and consists of two parcels combined into a single site. The existing multi-level building was historically used as a salon and includes a large open main floor plan with different levels and ample built-in storage. The lower level contains two interior middle walls that are non-load bearing and could be removed, and additional bathrooms are plumbed under the northeast corner. Mechanical systems include two furnaces, two air-conditioning units, and three hot water heaters for the main building, and the upstairs apartment has its own approximately two-year-old furnace and air-conditioning unit. There are two separate basements, with one partially finished; both have new drain tiles and sump pumps. An apartment above the salon features two bedrooms, one full bathroom, vaulted ceilings, private side entrances, and balconies accessed from sliding doors in both bedrooms; it has its own separate exterior access and is configured as a self-contained unit. A sizable parking lot is located on-site, and a handicap-accessible ramp provides access to the front door. The site layout and configuration may be suitable for a 4–6 unit multifamily redevelopment, subject to applicable zoning and approvals.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Total area 3,294 SF
Lot 0.34 ac (14,636 SF)
Zoning code B-1
APN 56-16-526-001
UPID US43-0999188

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon

Location

11522 Davis St Grand Blanc, MI 48439
Grand Blanc metro Census 11210 FLINT, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$295k

Owner & transaction history

since 2013
1 recorded transaction
2013
Price N/A

Zoning & alternative use

B-1 · Grand Blanc, MI
Zoning description

ICLE VII: MH MOBILE HOME PARK DISTRICTS ARTICLE VIII: LDMF AND HDMF MULTIPLE-FAMILY RESIDENTIAL DISTRICTS ARTICLE IX: OS-1 OFFICE SERVICE DISTRICT ARTICLE X: CBD CENTRAL BUSINESS DISTRICT (Amended 7-20-2013) ARTICLE XI:…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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