Retail Space with
For Sale
$775,000
1313 N Eaton Street, Albion, MI 49224
Commercial Sale, Albion, MI
Property Size2,914 SF
Lot Size0.99 Acres
Price / SF$265.96
Days on Market57
Property Features for 1313 N Eaton Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C - Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Elementary school district
Marshall
Middle school district
Marshall
High school district
Marshall
Standard status
Active
APN
55-005-910-20
Size
2,914 SF
Lot size
0.99 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
On file.
Tax Annual Amount
7253
Legal Description
On file.
Utilities
Utilities
Cable Available
Heating system
Forced Air
Building Details
Year built
1998
Floors in Building
1
Number of units
1
Building materials
Block
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Josh Jacobs
(269) 459-0430
Added: Aug 11
Changed: Sep 7
Last Checked: Oct 6 at 1:06AM
MLS# 26041839
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail property includes a 2,914-square-foot building on 0.99 acres, with an existing drive-thru configuration, parking, two bathrooms, block construction, and forced-air heating. Built in 1998, the property also has cable available and a layout suited to restaurant, quick-service, or other retail operations.
The site is positioned immediately south of the I-94 interchange within Albion’s established primary retail corridor. Nearby businesses include Tractor Supply Company, Dollar General, O’Reilly Auto Parts, and Ace Hardware. The surrounding mix of retailers, restaurants, and service businesses contributes to an active commercial setting serving local and regional customers.
The site is positioned immediately south of the I-94 interchange within Albion’s established primary retail corridor. Nearby businesses include Tractor Supply Company, Dollar General, O’Reilly Auto Parts, and Ace Hardware. The surrounding mix of retailers, restaurants, and service businesses contributes to an active commercial setting serving local and regional customers.
Key Highlights
- 2,914‑square‑foot retail building on 0.99 acres
- Existing drive‑thru configuration with on‑site parking
- Immediately south of the I‑94 interchange
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,250
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,000
$605.0K
Cap Rate 7%
$432,143
$432.1K
Cap Rate 9%
$336,111
$336.1K
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
−$13.0K −$4.45/SF
NOI
$30.2K $10.38/SF
Area
Calhoun County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,000
Cap Rate 7%
$432,143
Cap Rate 9%
$336,111
Alternative Uses
Best Use
Retail
$432.1K
$378.1K – $504.2K
NOI $30,250 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
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.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
98k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 37%
Groceries 16%
Home Improvements & Furnishings 7%
McDonald's
Dining
20,851 visits/mo
0.4 miles
Family Fare
Groceries
15,601 visits/mo
0.2 miles
Speedway
Shops & Services
10,710 visits/mo
0.3 miles
Taco Bell
Dining
10,043 visits/mo
0.3 miles
Dollar Tree
Shops & Services
7,824 visits/mo
0.4 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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Existing drive-thru infrastructure and on-site parking support restaurant, quick-service, and other high-traffic retail uses.
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 on 0.99 acres; Existing drive‑thru configuration with on‑site parking; Immediately south of the I‑94 interchange
