Mixed-Use Property with Road
3390 N State, Davison, MI
For Sale
$1,550,000
Four occupied units serve office, medical, and service-based businesses.
Property Size12,000 SF
Price / SF$129.17
Days on Market342
Property Features for 3390 N State
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Highway Access
Road Access
Land
Land Use
Entitled
Additional Details
Office Units
Tenant in Place
Property Use
Amenities
Security Lighting
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
The Brokerage Real Estate Enthusiasts
(248) 297-5551
Listed By:
William McDunnah · License MI #6501414688
(810) 441-0906
Source:
Jabachler
Added: Dec 8, 2025
Changed: Nov 11
Last Checked: Nov 12 at 11:25PM
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 The Brokerage Real Estate Enthusiasts
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 12,000-square-foot mixed-use commercial building contains four fully occupied units with office, medical, and service-based tenants. A new roof was installed in 2025, and the property has received regular interior and exterior maintenance. Paved parking serves the building, which is set back from the road, and approved buildout plans are available.
The property spans over 10 acres and has State Road frontage. It is a short drive from I-69 and downtown Davison. The acreage includes room for potential expansion or development.
The property spans over 10 acres and has State Road frontage. It is a short drive from I-69 and downtown Davison. The acreage includes room for potential expansion or development.
Key Highlights
- 12,000‑square‑foot mixed‑use building with four fully occupied units
- Over 10 acres with State Road frontage
- New roof installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,080
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,721,600
$2.7M
Cap Rate 7%
$1,944,000
$1.9M
Cap Rate 9%
$1,512,000
$1.5M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$259.2K $21.60/SF
− Vacancy
−$32.4K −$2.70/SF
EGI
$226.8K $18.90/SF
− OpEx
−$90.7K −$7.56/SF
NOI
$136.1K $11.34/SF
Area
Genesee County, MI
Vacancy
12.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,721,600
Cap Rate 7%
$1,944,000
Cap Rate 9%
$1,512,000
Alternative Uses
Best Use
Healthcare Medical
$1.94M
$1.70M – $2.27M
NOI $136,080 @ 7.0% cap · market cap 8.78%
Second Best
Office B
$1.89M
$1.65M – $2.20M
NOI $132,196 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $176,758 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Explore this area
Business Placement
Market
Properties on Market for Mixed-use properties in Genesee County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four occupied units serve office, medical, and service-based businesses.
Where is this mixed-use property located?
The property is located at 3390 N State Davison, MI.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 12,000‑square‑foot mixed‑use building with four fully occupied units; Over 10 acres with State Road frontage; New roof installed in 2025
