Leased Shopping Plaza with Adjacent
For Sale
Contact for pricing
1450 N EATON ST, Albion, MI 49224
Shopping plaza with multiple national tenants and available space, plus two adjacent parcels for future development.
Property Size76,157 SF
Price / SF$29.54
Days on Market54
Property Features for 1450 N EATON ST
General Information
Standard status
Active
Size
76,157 SF
Class
C
Total Parking Spaces
152
Property subtype
Retail, Land
Zoning
C - Commercial
Occupancy
67%
Investment Type
Value Add
Net Operating Income
$180,000
Building Details
Year Built
1940
Buildings
1
Stories
1
Units
5
Tenancy
Multi
Listing Agency:
The Surnow Company
Listed By:
Rob Krochmal · License #6502372507
Source:
Crexi
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 9 at 9:29AM
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 The Surnow Company
Investment Insights
Based on property information with market context.
Albion Plaza is a shopping plaza currently leased by Tractor Supply Company, Dollar General, Rent-A-Center, and Label Shopper. The center also includes an available retail space totaling 24,925 square feet. In addition to the shopping plaza, there are two vacant parcels of land directly adjacent to the site, offering room for potential expansion or development while maintaining the existing retail tenancy.
The property is located directly off I-94, positioned between the interstate and Downtown Albion. As a result, area residents, business employees, and visitors pass in front of the site during typical daily driving. Taco Bell, O’Reilly Auto Parts, and Dairy Queen operate on separate parcels and are not included in this sale, though they are noted as traffic generators for the plaza.
For investors and operators, the mix of established tenants combined with the presence of available space can support opportunities to re-lease the vacancy. The adjacent vacant land parcels also provide flexibility for future development plans that can complement the existing retail center. Tenants are described as being on long leases, which may help with longer-term occupancy stability while space and land options are evaluated.
The property is located directly off I-94, positioned between the interstate and Downtown Albion. As a result, area residents, business employees, and visitors pass in front of the site during typical daily driving. Taco Bell, O’Reilly Auto Parts, and Dairy Queen operate on separate parcels and are not included in this sale, though they are noted as traffic generators for the plaza.
For investors and operators, the mix of established tenants combined with the presence of available space can support opportunities to re-lease the vacancy. The adjacent vacant land parcels also provide flexibility for future development plans that can complement the existing retail center. Tenants are described as being on long leases, which may help with longer-term occupancy stability while space and land options are evaluated.
Key Highlights
- Shopping plaza leased by Tractor Supply, Dollar General, Rent‑A‑Center, and Label Shopper
- Includes 24,925 SF of available vacancy space for new tenant leasing
- Two vacant parcels of land directly adjacent to the plaza for potential future development
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
105k
Monthly Visits Nearby
Under-served
Demand for This Use
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
0.2 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
0.3 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
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Shopping plaza with multiple national tenants and available space, plus two adjacent parcels for future development.
Where is this shopping center located?
The property is located at 1450 N EATON ST Albion, MI.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Shopping plaza leased by Tractor Supply, Dollar General, Rent‑A‑Center, and Label Shopper; Includes 24,925 SF of available vacancy space for new tenant leasing; Two vacant parcels of land directly adjacent to the plaza for potential future development
