Storefront Property with Digital
For Sale
$549,000
2110 N Concord Rd, Albion, MI 49224
Retail-oriented building with open sales area, four bathrooms, attached garage, walk-in cooler, and highway-facing digital signage.
Property Size3,765 SF
Price / SF$145.82
Days on Market20
Property Features for 2110 N Concord Rd
General Information
Standard status
Active
Size
3,765 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
walk-in cooler
fenced pergola area
digital sign
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Century 21 White House Realty
(231) 629-2683
Listed By:
Chip Issette · License #6502139147
Source:
Katie-k
Added: Aug 10
Changed: Aug 28
Last Checked: Aug 28 at 7:36AM
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 Century 21 White House Realty
Investment Insights
Based on property information with market context.
This storefront property includes a broad customer-facing sales area, four bathrooms, a compact kitchen, and a 30' x 58' attached garage and storage area. The building was constructed in 1965 and includes a steel roof, forced-air heat, central air conditioning, and a 20' x 10' walk-in cooler. A fenced pergola is located behind the building, while a digital sign provides visibility toward passing interstate traffic.
The property is at 2110 N Concord Rd in Albion, Michigan, near I-94 Exit 127 in Jackson County. The layout supports retail or service-based operations, with space for merchandise, storage, and on-site service functions. An environmental study completed in September 2025 found the property suitable for future use and development. Above-ground LP tanks are scheduled for removal before closing. An adjoining parcel offering nearly 27 acres is separately available through another ownership.
The property is at 2110 N Concord Rd in Albion, Michigan, near I-94 Exit 127 in Jackson County. The layout supports retail or service-based operations, with space for merchandise, storage, and on-site service functions. An environmental study completed in September 2025 found the property suitable for future use and development. Above-ground LP tanks are scheduled for removal before closing. An adjoining parcel offering nearly 27 acres is separately available through another ownership.
Key Highlights
- Storefront property near I‑94 Exit 127 in Jackson County, Michigan
- 30' x 58' attached garage and storage area
- 20' x 10' walk‑in cooler
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,084
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$781,680
$781.7K
Cap Rate 7%
$558,343
$558.3K
Cap Rate 9%
$434,267
$434.3K
Market Conditions
NOI Build-Up for 3,765 SF
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.
Gross rent
$58.3K $15.48/SF
− Vacancy
−$2.4K −$0.65/SF
EGI
$55.8K $14.83/SF
− OpEx
−$16.8K −$4.45/SF
NOI
$39.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$781,680
Cap Rate 7%
$558,343
Cap Rate 9%
$434,267
Alternative Uses
Best Use
Retail
$558.3K
$488.6K – $651.4K
NOI $39,084 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$44.66M
$39.08M – $52.11M
NOI $3,126,324 @ 7.0% cap · market cap 569.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail-oriented building with open sales area, four bathrooms, attached garage, walk-in cooler, and highway-facing digital signage.
Where is this storefront property located?
The property is located at 2110 N Concord Rd Albion, MI.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Storefront property near I‑94 Exit 127 in Jackson County, Michigan; 30' x 58' attached garage and storage area; 20' x 10' walk‑in cooler
