1252 N BALLENGER, Flint, MI 48504
For-sale restaurant property in excellent condition with high-traffic exposure and seller leaseback.
- Added:
- Feb 11, 2025
- Days on Market:
- 506
- Last Refresh:
- Jun 20 at 8:56 am
Property Features for 1252 N BALLENGER
General Information
- Standard status
- Active
- Size
- 3,419 SF
- Property subtype
- Business for Sale, Retail
Building Details
- Year Built
- 1970
Listing office RE/MAX Grande (810) 695-4111
Listing date Feb 11, 2025
Source Crexi
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 RE/MAX Grande
HighLights
- Restaurant property built in 1970
- Seller will lease back the property
- Land contract terms: $150,000 down payment, $4,000/month payment, 9% interest, 36‑month balloon
Overview
The property is positioned in a prime location and is described as having a high traffic count and outstanding visibility, supporting strong commercial exposure for restaurant operations. Visibility and customer access are key considerations for restaurant users, and the remarks emphasize these characteristics as part of the offering.
For tenants and owner-operators, this configuration can support restaurant use with an asset already conditioned for that business type. For buyers, the seller leaseback provides a transition period, and the land contract terms listed are $150,000 down payment, $4,000 per month, 9% interest, and a 36-month balloon. The asking price is $499,900, and the buyer should confirm all terms and conditions directly with the seller and broker during due diligence.
Local Financial Insights For Specialty Retail
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 | $49.2k | $14.40 |
| − Vacancy | −$8.8k | −$2.58 |
| EGI | $40.4k | $11.82 |
| − OpEx | −$10.1k | −$2.96 |
| NOI | $30.3k | $8.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Flint
- County
- Genesee
- State
- Michigan
- Longitude
- -83.7316558
- Latitude
- 43.02367