Upgraded Automotive Property with Paint
For Sale
$2,499,000
1415 E Pierson Rd, Flushing, MI 48433
The property includes B-2 commercial/industrial zoning and multiple enclosed buildings.
Property Size35,633 SF
Price / SF$70.13
Days on Market188
Property Features for 1415 E Pierson Rd
General Information
Standard status
Active
Size
35,633 SF
Property subtype
Commercial
Listing Agency:
Ham Group Realty
Listed By:
Lucy W Ham · License #122522
(810) 691-9566
Source:
Vmrealestatemichigan
Added: Apr 27
Changed: Oct 25
Last Checked: Oct 30 at 2:29PM
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 Ham Group Realty
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Investment Insights
Based on property information with market context.
This automotive property occupies 6.9 acres and includes a 35,630-square-foot dealership facility, a 70-by-75-foot heated pole building, and a 20-by-29-foot storage building. Existing improvements include a paint booth, vehicle hoists, and other features suited to automotive operations. The site was upgraded in 2016 with new sidewalks, LED lighting, ceiling tiles, roofing, furnaces, air-conditioning equipment, and a resealed parking lot.
Located at 1415 E Pierson Rd in Flushing, Michigan, the property has frontage along Pierson Rd and Main St. B-2 commercial/industrial zoning is in place. The combination of enclosed facilities, accessory buildings, automotive equipment, and substantial land area provides a range of operational configurations within the existing property.
Located at 1415 E Pierson Rd in Flushing, Michigan, the property has frontage along Pierson Rd and Main St. B-2 commercial/industrial zoning is in place. The combination of enclosed facilities, accessory buildings, automotive equipment, and substantial land area provides a range of operational configurations within the existing property.
Key Highlights
- 6.9‑acre automotive property in Flushing, Michigan
- 35,630‑square‑foot dealership facility
- 70x75 heated pole building plus 20x29 storage building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,815
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,036,300
$4.0M
Cap Rate 7%
$2,883,071
$2.9M
Cap Rate 9%
$2,242,389
$2.2M
Market Conditions
NOI Build-Up for 35,633 SF
Gross rent
$320.7K $9.00/SF
− Vacancy
−$32.4K −$0.91/SF
EGI
$288.3K $8.09/SF
− OpEx
−$86.5K −$2.43/SF
NOI
$201.8K $5.66/SF
Area
Genesee County, MI
Vacancy
10.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,036,300
Cap Rate 7%
$2,883,071
Cap Rate 9%
$2,242,389
Alternative Uses
Best Use
Retail
$5.28M
$4.62M – $6.17M
NOI $369,902 @ 7.0% cap · market cap 14.80%
Second Best
Warehouse
$3.50M
$3.06M – $4.08M
NOI $245,061 @ 7.0% cap · market cap 9.81%
Theoretical Best
Office A
$7.50M
$6.56M – $8.75M
NOI $524,869 @ 7.0% cap · market cap 21.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 48433, MI
26,688
Population
10,597
Households
2.5
Avg Household Size
44
Median Age
29%
College-Educated
95%
High-School Grad
55.5 sq mi
ZIP Area
481
Density / Sq Mi
$81,301
Median Household Income
$45,126
Median Earnings
$982
Median Rent
$197,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- P R Schor Enterprise — 6379 Kelly Rd, Flushing, MI 48433
- U-Haul Neighborhood Dealer — 4170 Commerce Dr, Flushing, MI 48433
Frequently Asked Questions
What type of property is this?
Automotive property - The property includes B-2 commercial/industrial zoning and multiple enclosed buildings.
Where is this automotive property located?
The property is located at 1415 E Pierson Rd Flushing, MI.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: 6.9‑acre automotive property in Flushing, Michigan; 35,630‑square‑foot dealership facility; 70x75 heated pole building plus 20x29 storage building
