Grocery-Anchored Shopping
For Sale
$7,000,000
325 Railroad St, Hudson, MI 49247
A 2,700-square-foot space is available within a center that also includes a loading dock and on-site parking.
Property Size56,000 SF
Price / SF$125
Days on Market582
Property Features for 325 Railroad St
General Information
Standard status
Active
Size
56,000 SF
Property subtype
Commercial
Building Details
Year Built
1970
Listing Agency:
ERA Reardon Realty, L.L.C.
Listed By:
Brittany Ostrowski · License #6501397335
(517) 414-4461
Source:
Vmrealestatemichigan
Added: Mar 3, 2025
Changed: Oct 1
Last Checked: Oct 5 at 6:52PM
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.
Bob's Market House is a retail center anchored by a grocery store. The market includes Biggby Coffee, Hungry Howie's Pizza, Ace Hardware, and a pharmacy. Other occupants include County National Bank and Athletico Physical Therapy. A 2,700 sq. ft. unit is available for lease. The property also has a loading dock and more than 200 parking spaces.
Located at 325 Railroad St in Hudson, the center has frontage at a visible intersection. The building dates to 1970, underwent a major remodel in 2006, and received a new roof in 2016.
Located at 325 Railroad St in Hudson, the center has frontage at a visible intersection. The building dates to 1970, underwent a major remodel in 2006, and received a new roof in 2016.
Key Highlights
- Grocery anchor includes Biggby Coffee, Hungry Howie's Pizza, Ace Hardware, and a pharmacy
- 2,700 sq. ft. unit available for lease
- More than 200 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$622,853
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,457,060
$12.5M
Cap Rate 7%
$8,897,900
$8.9M
Cap Rate 9%
$6,920,589
$6.9M
Market Conditions
NOI Build-Up for 56,000 SF
Gross rent
$866.9K $15.48/SF
− Vacancy
−$36.4K −$0.65/SF
EGI
$830.5K $14.83/SF
− OpEx
−$207.6K −$3.71/SF
NOI
$622.9K $11.12/SF
Area
Lenawee 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 Rate 5%
$12,457,060
Cap Rate 7%
$8,897,900
Cap Rate 9%
$6,920,589
Alternative Uses
Best Use
Specialty Retail
$8.90M
$7.79M – $10.38M
NOI $622,853 @ 7.0% cap · market cap 8.90%
Second Best
Retail
$8.30M
$7.27M – $9.69M
NOI $581,330 @ 7.0% cap · market cap 8.30%
Theoretical Best
Multifamily LT 5
$694.78M
$607.94M – $810.58M
NOI $48,634,919 @ 7.0% cap · market cap 694.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
41k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 39%
Home Improvements & Furnishings 16%
McDonald's
Dining
18,308 visits/mo
0.3 miles
Dollar General
Shops & Services
6,887 visits/mo
0.2 miles
Hudson Ace Hardware
Home Improvements & Furnishings
6,605 visits/mo
0.1 miles
Family Dollar
Shops & Services
3,095 visits/mo
0.4 miles
Marathon Petroleum
Shops & Services
2,578 visits/mo
0.2 miles
Demographics for 49247, MI
5,720
Population
2,457
Households
2.3
Avg Household Size
42
Median Age
17%
College-Educated
89%
High-School Grad
84.0 sq mi
ZIP Area
68
Density / Sq Mi
$60,404
Median Household Income
$41,373
Median Earnings
$906
Median Rent
$138,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Bob's Market House, 325 Railroad St, Hudson, MI 49247
Frequently Asked Questions
What type of property is this?
Shopping center - A 2,700-square-foot space is available within a center that also includes a loading dock and on-site parking.
Where is this shopping center located?
The property is located at 325 Railroad St Hudson, MI.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Grocery anchor includes Biggby Coffee, Hungry Howie's Pizza, Ace Hardware, and a pharmacy; 2,700 sq. ft. unit available for lease; More than 200 on‑site parking spaces
