Retail Pharmacy Building with
210 Hinckley Boulevard Unit SourceFi Jackson, MI 49203
210 Hinckley Boulevard Unit SourceFi, Jackson, MI, 49203
$780,000
For Sale
$780,000
Adaptable pharmacy building with a largely open layout, drive-through capability, and parking for 46 vehicles.
Property Size10,128 SF
Price / SF$77.01
Days on Market533
Property Features for 210 Hinckley Boulevard Unit SourceFi
General Information
- Standard status
- Active
- Size
- 10,128 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1999
Listing agency
ERA Reardon Realty, L.L.C.
(517) 204-4385
Listed by
PHILLIP MORGAN · License #6502108104
(517) 204-4385
Source
Xome
Added: Feb 4, 2025 Updated: Jul 18 at 2:36AM Checked: Jul 22 at 3:51AM
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 ERA Reardon Realty, L.L.C.
Investment Insights
Based on property information with market context.
This adaptable pharmacy building offers 10,128 square feet with a largely open floor plan. The property is described as modern and built in 1999, and it includes drive-through capabilities.
The building is located in downtown Vandercook Lake near the corner of Francis and McDevitt, with a stated daily traffic count of 5,175 vehicles.
Parking is available for 46 vehicles, supporting customer access for retail or other converted commercial uses.
The building is located in downtown Vandercook Lake near the corner of Francis and McDevitt, with a stated daily traffic count of 5,175 vehicles.
Parking is available for 46 vehicles, supporting customer access for retail or other converted commercial uses.
Key Highlights
- Adaptable pharmacy building with 10,128 SF largely open floor plan
- Drive‑through capability for the commercial building
- Parking for 46 vehicles
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 | $121.5k | $12.00 |
| − Vacancy | −$21.8k | −$2.15 |
| EGI | $99.8k | $9.85 |
| − OpEx | −$29.9k | −$2.96 |
| NOI | $69.8k | $6.90 |
10,128 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $96,229 @ 7.0% cap · market cap 12.34%
Second Best
Retail
$997.8K
$873.1K – $1.16M
NOI $69,847 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$1.62M
$1.41M – $1.89M
NOI $113,174 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Weatherwax Drug
Pharmacy
Weatherwax Pharmacies
Pharmacy
Julie L. Pariseau, ...
Pharmacy
Stephanie Richmond
Pharmacy
Similar For Sale Nearby
Similar Off Market Nearby
- Weatherwax Drug — 210 Hinckley Blvd, Jackson, MI 49203
- Weatherwax Pharmacies — 210 Hinckley Blvd, Jackson, MI 49203
- Julie L. Pariseau, RPH — 210 Hinckley Blvd, Jackson, MI 49203
- Stephanie Richmond — 210 Hinckley Blvd, Jackson, MI 492035313
- HypoCleanse — 3900 Francis St, Jackson, MI 49203
FAQs
What type of property is this?
Drug store - Adaptable pharmacy building with a largely open layout, drive-through capability, and parking for 46 vehicles.
Where is this drug store located?
The property is located at 210 Hinckley Boulevard Unit SourceFi Jackson, MI.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Adaptable pharmacy building with 10,128 SF largely open floor plan; Drive‑through capability for the commercial building; Parking for 46 vehicles
