Retail Building with
For Sale
$775,000
1313 N Eaton Street, Albion, MI 49224
The existing layout includes drive-through infrastructure and parking for customer-facing retail operations.
Property Size2,914 SF
Price / SF$265.96
Days on Market79
Property Features for 1313 N Eaton Street
General Information
Standard status
Active
Size
2,914 SF
Property subtype
Commercial
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,253
Building Details
Building Size
2,914 SF
Year Built
1998
Units
1
Listed By:
JEFF Gates
(586) 298-1509
Source:
Housewant
Added: Aug 11
Changed: Oct 27
Last Checked: Oct 27 at 3:13AM
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 JEFF Gates
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Investment Insights
Based on property information with market context.
This 2,914-square-foot retail building was constructed in 1998 and includes drive-through infrastructure and parking. The configuration supports restaurant, quick-service, and other high-traffic retail uses.
In Albion, Michigan, the property sits just south of the I-94 interchange. Nearby retailers include Tractor Supply Company, Dollar General, O'Reilly Auto Parts, and Ace Hardware, along with restaurants and service businesses.
In Albion, Michigan, the property sits just south of the I-94 interchange. Nearby retailers include Tractor Supply Company, Dollar General, O'Reilly Auto Parts, and Ace Hardware, along with restaurants and service businesses.
Key Highlights
- 2,914‑square‑foot retail building
- Built in 1998
- Existing drive‑through infrastructure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,411
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,220
$648.2K
Cap Rate 7%
$463,014
$463.0K
Cap Rate 9%
$360,122
$360.1K
Market Conditions
NOI Build-Up for 2,914 SF
Gross rent
$45.1K $15.48/SF
− Vacancy
−$1.9K −$0.65/SF
EGI
$43.2K $14.83/SF
− OpEx
−$10.8K −$3.71/SF
NOI
$32.4K $11.12/SF
Area
Calhoun County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,220
Cap Rate 7%
$463,014
Cap Rate 9%
$360,122
Alternative Uses
Best Use
Specialty Retail
$463.0K
$405.1K – $540.2K
NOI $32,411 @ 7.0% cap · market cap 4.18%
Second Best
Retail
$432.1K
$378.1K – $504.2K
NOI $30,250 @ 7.0% cap · market cap 3.90%
Theoretical Best
Healthcare Medical
$34.57M
$30.25M – $40.33M
NOI $2,419,684 @ 7.0% cap · market cap 312.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
105k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 35%
Groceries 15%
Home Improvements & Furnishings 7%
McDonald's
Dining
20,851 visits/mo
0.2 miles
Family Fare
Groceries
15,601 visits/mo
0.1 miles
Speedway
Shops & Services
10,710 visits/mo
0.2 miles
Taco Bell
Dining
10,043 visits/mo
0.1 miles
Dollar Tree
Shops & Services
7,824 visits/mo
0.2 miles
Demographics for 49224, MI
13,199
Population
5,277
Households
2.5
Avg Household Size
36
Median Age
19%
College-Educated
88%
High-School Grad
99.9 sq mi
ZIP Area
132
Density / Sq Mi
$52,552
Median Household Income
$28,136
Median Earnings
$846
Median Rent
$119,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The existing layout includes drive-through infrastructure and parking for customer-facing retail operations.
Where is this retail space located?
The property is located at 1313 N Eaton Street Albion, MI.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 2,914‑square‑foot retail building; Built in 1998; Existing drive‑through infrastructure
