Retail Space with
For Sale
$1,200,000
2247 S Center Road, Burton, MI 48519
COM/IND/BUS OPP, Burton, MI
Property Size7,330 SF
Lot Size1.47 Acres
Price / SF$163.71
Days on Market407
Property Features for 2247 S Center Road
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Burton (25018)
Standard status
Active
APN
59-22-100-014
Size
7,330 SF
Lot size
1.47 Acres
Utilities
Water source
Public
Building Details
Year built
1987
Listing Agency:
American Associates REALTORS
(810) 579-3333
Listed By:
Denny Chinonis
(810) 394-0934
Added: Sep 8, 2025
Changed: Oct 8
Last Checked: Oct 19 at 3:06PM
MLS# 50187680
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This retail property at 2247 S Center Road includes a laundromat within a 7,330-square-foot commercial building constructed in 1987. The site encompasses 1.47 acres and is served by public water.
The Burton property is located minutes from major highways and is surrounded by residential neighborhoods. Its existing retail configuration and laundromat use provide a defined commercial operation at the site.
The Burton property is located minutes from major highways and is surrounded by residential neighborhoods. Its existing retail configuration and laundromat use provide a defined commercial operation at the site.
Key Highlights
- 7,330‑square‑foot retail property with an operating laundromat
- 1.47‑acre site at 2247 S Center Road, Burton, MI 48519
- Constructed in 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,092
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,521,840
$1.5M
Cap Rate 7%
$1,087,029
$1.1M
Cap Rate 9%
$845,467
$845.5K
Market Conditions
NOI Build-Up for 7,330 SF
Gross rent
$113.5K $15.48/SF
− Vacancy
−$4.8K −$0.65/SF
EGI
$108.7K $14.83/SF
− OpEx
−$32.6K −$4.45/SF
NOI
$76.1K $10.38/SF
Area
Genesee 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 Rate 5%
$1,521,840
Cap Rate 7%
$1,087,029
Cap Rate 9%
$845,467
Alternative Uses
Best Use
Retail
$1.09M
$951.2K – $1.27M
NOI $76,092 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,970 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 48519, MI
7,825
Population
3,356
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
88%
High-School Grad
7.8 sq mi
ZIP Area
1,003
Density / Sq Mi
$60,625
Median Household Income
$36,924
Median Earnings
$890
Median Rent
$157,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Operating laundromat positioned near major highways and established residential neighborhoods.
Where is this retail space located?
The property is located at 2247 S Center Road Burton, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 7,330‑square‑foot retail property with an operating laundromat; 1.47‑acre site at 2247 S Center Road, Burton, MI 48519; Constructed in 1987
