Midland Retail Building For
201 McDonald Street Midland, MI 48640
201 McDonald Street, Midland, MI, 48640
$999,000
For Sale
$999,000
Retail building in Midland CBD with redevelopment potential.
Property Size8,786 SF
Lot Size0.54 Acres
Price / SF$113.70
Days on Market94
Property Features for 201 McDonald Street
General Information
- Standard status
- Active
- Size
- 8,786 SF
- Lot size
- 0.54 Acres
- Property subtype
- Retail
Listing Agency
CBRE | Detroit
(248) 351-2051
Listed by
David Long
(248) 351-2051
Source
Cbre
Added: Apr 15 Checked: Jul 17 at 4:55 am
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 CBRE | Detroit
Investment Insights
Based on property information with market context.
This 8,786 square-foot retail building, originally constructed in 1956 and remodeled in 1998, is situated on a 0.54-acre lot. The property is located in the prime Midland Central Business District (CBD), offering proximity to new developments in the area. The 2025 real estate taxes are estimated to be $31,283.11. The property features a free-standing building with a surface parking lot and is adjacent to a municipal surface parking lot. Zoned D – Downtown District in Midland and within the Midland Downtown Northside Overlay District, the property presents potential for either redevelopment or adaptive reuse.
Key Highlights
- Prime Midland CBD location
- Free standing building with surface parking lot
- Property offers 8,786 SF
Local Financial Insights For 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 | $105.4k | $12.00 |
| − Vacancy | −$18.9k | −$2.15 |
| EGI | $86.6k | $9.85 |
| − OpEx | −$26.0k | −$2.96 |
| NOI | $60.6k | $6.90 |
8,786 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$865.6K
$757.4K – $1.01M
NOI $60,592 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.59M
$1.39M – $1.85M
NOI $111,006 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Comerica Bank - ATM
Atm
Comerica Bank
Bank
Similar For Sale Nearby
Similar Off Market Nearby
- Lapelle's Flowers & Gifts — 1605 Bookness St, Midland, MI 48640
FAQs
What type of property is this?
Storefront property - Retail building in Midland CBD with redevelopment potential.
Where is this storefront property located?
The property is located at 201 McDonald Street Midland, MI.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Prime Midland CBD location; Free standing building with surface parking lot; Property offers 8,786 SF
