Property summary
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
VerifiedCap rate & NOI
Current use
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Hair Salon Nail Salon
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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:…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Grand Blanc market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Grand Blanc, MIICLE 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:…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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:…
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The district profile from the municipal source: what is on file for B-1 in Grand Blanc, MI.
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