Gas Station Property with
For Sale
$549,000
2110 N Concord Road, Albion, MI 49224
COMMERCIAL - Albion, MI
Property Size3,765 SF
Lot Size3.05 Acres
Price / SF$145.82
Days on Market168
Property Features for 2110 N Concord Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4
Interior features
Broadband
Elementary school district
Western
Middle school district
Western
High school district
Western
Standard status
Active
APN
000-06-27-376-002-01
Size
3,765 SF
Lot size
3.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lengthy. Attached
Tax Annual Amount
14606
Legal Description
Lengthy. Attached
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Amenities
large open retail area
four bathrooms
small kitchen area
attached garage/storage space
steel roof
forced-air heat
central air conditioning
walk-in cooler
fenced pergola area
large digital sign
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Building materials
Block, Concrete
Listing Agency:
Century 21 White House Realty · Century 21 Real Estate
(231) 972-7676
Listed By:
Chip Issette · License #6502139147
(231) 629-2683
Added: Mar 6
Changed: Aug 17
Last Checked: Aug 21 at 3:06AM
MLS# 26008473
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,765-square-foot commercial property occupies 3.05 acres and includes a flexible retail and service layout. The building, constructed in 1965, has an open sales area, four bathrooms, a compact kitchen, and an attached 30' x 58' garage or storage area. A 20' x 10' walk-in cooler, rear fenced pergola, and large digital sign further expand the property's operational and advertising features. Construction includes block and concrete materials, with a steel roof, forced-air heat, and central air conditioning.
The site is located near Exit 127 along I-94 in Jackson County, Michigan, with access from N Concord Road. Water is supplied by a well, wastewater service is provided by a septic tank, and propane is available for utility service. A September 2025 environmental study is available and found the property suitable for future use and development. Existing above-ground LP tanks are scheduled for removal before closing.
The site is located near Exit 127 along I-94 in Jackson County, Michigan, with access from N Concord Road. Water is supplied by a well, wastewater service is provided by a septic tank, and propane is available for utility service. A September 2025 environmental study is available and found the property suitable for future use and development. Existing above-ground LP tanks are scheduled for removal before closing.
Key Highlights
- 3.05‑acre site near Exit 127 along I‑94 in Jackson County, Michigan
- 3,765‑square‑foot building constructed in 1965
- Attached 30' x 58' garage or storage area
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
$41,876
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
7.63%
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%
$837,520
$837.5K
Cap Rate 7%
$598,229
$598.2K
Cap Rate 9%
$465,289
$465.3K
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
−$14.0K −$3.71/SF
NOI
$41.9K $11.12/SF
Area
Calhoun County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
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%
$837,520
Cap Rate 7%
$598,229
Cap Rate 9%
$465,289
Alternative Uses
Best Use
Specialty Retail
$598.2K
$523.5K – $697.9K
NOI $41,876 @ 7.0% cap · market cap 7.63%
Second Best
Retail
$558.3K
$488.6K – $651.4K
NOI $39,084 @ 7.0% cap · market cap 7.12%
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
12
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - Highway-oriented commercial building with retail, service, storage, and convenience-oriented features.
Where is this gas station located?
The property is located at 2110 N Concord Road 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: 3.05‑acre site near Exit 127 along I‑94 in Jackson County, Michigan; 3,765‑square‑foot building constructed in 1965; Attached 30' x 58' garage or storage area
