Renovated Retail or Office
For Sale
$550,000
11225 S Saginaw Street, Grand Blanc, MI 48439
Recently renovated retail/office condominium in Old World Village Plaza with ample on-site parking and downtown access.
Property Size2,200 SF
Price / SF$250
Days on Market15
Property Features for 11225 S Saginaw Street
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Commercial
Building Details
Year Built
1984
Listing Agency:
BHHS Michigan Real Estate
(231) 350-8039
Listed By:
Jonathan Crane · License #6504431857
Source:
Eliterealtymi
Added: Jul 16
Changed: Jul 17
Last Checked: Jul 29 at 12:15PM
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 BHHS Michigan Real Estate
Investment Insights
Based on property information with market context.
This retail or office condominium offers approximately 2,200 square feet of recently renovated interior space within Old World Village Plaza. The unit is set up to support a range of business uses, with a modern, updated build-out intended to provide a strong foundation for an owner-operator or an investor.
The property is positioned in the heart of downtown Grand Blanc and benefits from the surrounding presence of well-established neighboring businesses. The development is described as having ample parking and a steady flow of clientele, supporting convenient access for customers and visitors.
Offered for sale as part of the Old World Village Plaza condominium community, the space includes the flexibility to operate as either retail or office, depending on the buyer’s intended use.
The property is positioned in the heart of downtown Grand Blanc and benefits from the surrounding presence of well-established neighboring businesses. The development is described as having ample parking and a steady flow of clientele, supporting convenient access for customers and visitors.
Offered for sale as part of the Old World Village Plaza condominium community, the space includes the flexibility to operate as either retail or office, depending on the buyer’s intended use.
Key Highlights
- Approximately 2,200 SF retail/office condominium in Old World Village Plaza in downtown Grand Blanc
- Recently renovated unit with a modern, updated interior
- Year built: 1984
Financial Insights For Office B
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 | $37.5k | $17.04 |
| − Vacancy | −$5.2k | −$2.35 |
| EGI | $32.3k | $14.69 |
| − OpEx | −$8.1k | −$3.67 |
| NOI | $24.2k | $11.02 |
2,200 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$346.2K
$303.0K – $403.9K
NOI $24,236 @ 7.0% cap · market cap 4.41%
Second Best
Retail
$326.3K
$285.5K – $380.6K
NOI $22,838 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$462.9K
$405.1K – $540.1K
NOI $32,406 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Royal Gardens — 214 McFarland St, Grand Blanc, MI 48439
Frequently Asked Questions
What type of property is this?
Storefront property - Recently renovated retail/office condominium in Old World Village Plaza with ample on-site parking and downtown access.
Where is this storefront property located?
The property is located at 11225 S Saginaw Street Grand Blanc, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 2,200 SF retail/office condominium in Old World Village Plaza in downtown Grand Blanc; Recently renovated unit with a modern, updated interior; Year built: 1984
