Retail Building with Drive-Through
2110 N Concord Road Albion, MI 49224
For Sale
Contact for pricing
Standalone retail building with large open sales area, attached oversized garage/storage, walk-in cooler, and forced-air heat plus central air.
Property Size3,765 SF
Price / SF$166
Days on Market136
Property Features for 2110 N Concord Road
General Information
- Standard status
- Active
- Size
- 3,765 SF
- Property subtype
- Special Purpose
Listing Agency:
CENTURY 21 White House Realty
(231) 629-2683
Listed By:
Chip Issette · License #MI
Source:
Crexi
Added: Mar 10
Changed: Jul 23
Last Checked: Jul 23 at 1:24AM
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.
Standalone commercial property originally constructed in 1965 featuring a large open retail area and four bathrooms, along with a small kitchen area to support day-to-day operations. The building includes a 30' x 58' oversized attached garage/storage space designed for flexibility in inventory, service activities, or distribution needs.
Additional features include a 20' x 10' walk-in cooler and a fenced pergola area off the rear of the building. The property is equipped with a durable steel roof, forced-air heat, and central air conditioning. A large digital sign is described as visible from the highway.
The listing notes above-ground LP tanks that will be removed prior to closing. An environmental study completed in September 2025 is available, and the findings indicate the property is suitable for future use and development.
Additional features include a 20' x 10' walk-in cooler and a fenced pergola area off the rear of the building. The property is equipped with a durable steel roof, forced-air heat, and central air conditioning. A large digital sign is described as visible from the highway.
The listing notes above-ground LP tanks that will be removed prior to closing. An environmental study completed in September 2025 is available, and the findings indicate the property is suitable for future use and development.
Key Highlights
- Standalone commercial building originally constructed in 1965 with large open retail area and four bathrooms
- Oversized 30' x 58' attached garage/storage space for inventory, service operations, or distribution needs
- 20' x 10' walk‑in cooler plus small kitchen area
Financial Insights For Specialty 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 | $58.3k | $15.48 |
| − Vacancy | −$2.4k | −$0.65 |
| EGI | $55.8k | $14.83 |
| − OpEx | −$14.0k | −$3.71 |
| NOI | $41.9k | $11.12 |
3,765 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$598.2K
$523.5K – $697.9K
NOI $41,876 @ 7.0% cap · market cap 6.70%
Second Best
Retail
$558.3K
$488.6K – $651.4K
NOI $39,084 @ 7.0% cap · market cap 6.25%
Theoretical Best
Healthcare Medical
$44.66M
$39.08M – $52.11M
NOI $3,126,324 @ 7.0% cap · market cap 500.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Caywood Propane Gas ...
Propane Supplier
Medical Marijuana Certification
Physician
FAQs
What type of property is this?
Grocery and convenience store - Standalone retail building with large open sales area, attached oversized garage/storage, walk-in cooler, and forced-air heat plus central air.
Where is this grocery and convenience store located?
The property is located at 2110 N Concord Road Albion, MI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Standalone commercial building originally constructed in 1965 with large open retail area and four bathrooms; Oversized 30' x 58' attached garage/storage space for inventory, service operations, or distribution needs; 20' x 10' walk‑in cooler plus small kitchen area
