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Shopping Center on Main Thoroughfare
For Lease
$12 SF/Yr

401 427 Michigan Street, Algonac, MI 48001

CBD-zoned retail center offering a broad commercial footprint in an established Michigan community.

Space SizeContact for details
Property Size48,000 SF
Days on Market1463

Property Features for 401 427 Michigan Street

General Information

Standard status Active
Size 48,000 SF
Property subtype Retail
Zoning CBD

Additional Details

Space Use Retail
Highway Access Yes

Building Details

Building Size 48,000 SF
Year Built 1963
Buildings 1
Stories 1
Tenancy Multi-Tenant
Listing Agency: Insite Commercial
Listed By: Pete Brown
Source: Cpix.resimplifi
Added: Oct 20, 2022 Changed: Oct 4 Last Checked: Oct 20 at 5:20PM

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 Insite Commercial

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Investment Insights

Based on property information with market context.

This shopping center provides 48,000 square feet of retail space across a 1963-built commercial property. The center is designated CBD, supporting its role as a retail-oriented destination within the community.

The property is located at 401–427 Michigan Street in Algonac, with exposure along M-29, the main thoroughfare connecting Metro Detroit and Port Huron. Its multi-address configuration and substantial floor area provide a sizable setting for retail occupancy and commercial activity.

Key Highlights

  • 48,000‑square‑foot shopping center
  • CBD zoning
  • Built in 1963

Property Analytics

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Open Analytics

Current Use

West Marine Big Box & Wholesale Store

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Law Firm Building Supply Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

98
Businesses Nearby
Under-served
Demand for This Use

Demographics for 48001, MI

11,721
Population
5,787
Households
2
Avg Household Size
50
Median Age
18%
College-Educated
94%
High-School Grad
19.0 sq mi
ZIP Area
617
Density / Sq Mi
$64,538
Median Household Income
$35,987
Median Earnings
$921
Median Rent
$250,000
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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

  • Gratiot Point Plaza Shopping Center — 1195 Gratiot Blvd, Marysville, MI 48040

Frequently Asked Questions

What type of property is this?
Shopping center - CBD-zoned retail center offering a broad commercial footprint in an established Michigan community.
Where is this shopping center located?
The property is located at 401 427 Michigan Street Algonac, MI.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 48,000‑square‑foot shopping center; CBD zoning; Built in 1963
More about this property
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