Bank Branch with Double-Lane
450 E MICHIGAN AVENUE Saline, MI 48176
450 E MICHIGAN AVENUE, Saline, MI, 48176
$1,500,000
For Sale
$1,500,000
Move-in ready bank facility with a vault, teller stations, and a remote double-lane drive-thru plus bathroom.
Property Size5,622 SF
Price / SF$266.81
Days on Market1126
Property Features for 450 E MICHIGAN AVENUE
General Information
- Standard status
- Active
- Size
- 5,622 SF
- Property subtype
- Retail
Listing agency
Anchorage Realty & Commercial
(734) 395-2092
Listed by
Doug F. Ziesemer · License #6501379708
(734) 395-2092
Source
Cpix.resimplifi
Added: Jun 22, 2023 Updated: Jul 21 at 1:40PM Checked: Jul 21 at 1:40PM
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 Anchorage Realty & Commercial
Investment Insights
Based on property information with market context.
This move-in ready bank facility is suited for a bank or credit union and includes a vault and teller stations in the former bank suite. A remote double-lane drive-thru is also in place, along with a bathroom.
The property is located within the City of Saline “Central Business District,” surrounded by retail uses such as fast food restaurants, CVS Drug Store, and Dairy Queen, along with strip centers anchored by Ace Hardware and Busch’s Supermarket. Additional office, retail, and family dining establishments are present in the area, and the Faurecia Plastics plant is located just northeast of the property.
The existing layout supports traditional branch operations with both in-lobby service (vault and teller stations) and drive-thru service for customer access.
The property is located within the City of Saline “Central Business District,” surrounded by retail uses such as fast food restaurants, CVS Drug Store, and Dairy Queen, along with strip centers anchored by Ace Hardware and Busch’s Supermarket. Additional office, retail, and family dining establishments are present in the area, and the Faurecia Plastics plant is located just northeast of the property.
The existing layout supports traditional branch operations with both in-lobby service (vault and teller stations) and drive-thru service for customer access.
Key Highlights
- Move‑in ready bank facility in the City of Saline Central Business District
- Includes a vault and teller stations in the former bank suite
- Remote double‑lane drive‑thru with a bathroom
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 | $121.4k | $21.60 |
| − Vacancy | −$17.4k | −$3.09 |
| EGI | $104.1k | $18.51 |
| − OpEx | −$26.0k | −$4.63 |
| NOI | $78.1k | $13.88 |
5,622 SF · lease $21.60/SF/yr · vacancy 14.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.12M
$975.7K – $1.30M
NOI $78,052 @ 7.0% cap · market cap 5.20%
Second Best
Retail
$1.09M
$955.6K – $1.27M
NOI $76,445 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,633 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CorTech International Staffing
Employment Agency
Caliper Staffing - A CorTech ...
Employment Agency
d2 Saline
(Bike/Boat/Book/etc) Store
ATM (Huntington National ...
Atm
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FAQs
What type of property is this?
Bank - Move-in ready bank facility with a vault, teller stations, and a remote double-lane drive-thru plus bathroom.
Where is this bank located?
The property is located at 450 E MICHIGAN AVENUE Saline, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Move‑in ready bank facility in the City of Saline Central Business District; Includes a vault and teller stations in the former bank suite; Remote double‑lane drive‑thru with a bathroom
