Freestanding Retail Building with
4531 E Lansing Rd Bancroft, MI 48414
For Sale
$1,282,416
Freestanding retail building offering ample parking and a versatile NA zoning designation.
Property Size9,100 SF
Price / SF$140.92
Days on Market132
Property Features for 4531 E Lansing Rd
General Information
- Standard status
- Active
- Size
- 9,100 SF
- Property subtype
- Retail
Listing Agency:
Fortis Net Lease
(248) 254-3407
Listed By:
Doug Passon · License #6502361821
Source:
Cpix.resimplifi
Added: Mar 18
Changed: Jul 23
Last Checked: Jul 23 at 2:47AM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
For sale: 4531 E Lansing Rd, Bancroft, MI 48414. This freestanding retail building offers approximately 9,100 SF of space and is positioned for single-tenant occupancy with its standalone footprint.
The property is zoned NA, providing flexibility for a range of retail and other uses subject to applicable approvals. The listing also notes ample parking, supporting convenient on-site access for customers and employees.
Overall, this is a straightforward freestanding commercial asset with NA zoning and a dedicated parking area, designed to serve retailers seeking a standalone building in Bancroft.
The property is zoned NA, providing flexibility for a range of retail and other uses subject to applicable approvals. The listing also notes ample parking, supporting convenient on-site access for customers and employees.
Overall, this is a straightforward freestanding commercial asset with NA zoning and a dedicated parking area, designed to serve retailers seeking a standalone building in Bancroft.
Key Highlights
- 9,100 SF free‑standing building in Bancroft, MI
- NA zoning for versatile use, including retail options
- 7% cap rate listed with $89,769.12 NOI
Financial Insights For 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 | $140.9k | $15.48 |
| − Vacancy | −$5.9k | −$0.65 |
| EGI | $135.0k | $14.83 |
| − OpEx | −$40.5k | −$4.45 |
| NOI | $94.5k | $10.38 |
9,100 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.57M
NOI $94,466 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,446 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Western Union
Bank
FAQs
What type of property is this?
Retail space - Freestanding retail building offering ample parking and a versatile NA zoning designation.
Where is this retail space located?
The property is located at 4531 E Lansing Rd Bancroft, MI.
What is the asking price?
The asking price for this property is $1,282,416.
What are key features of this property?
This property features: 9,100 SF free‑standing building in Bancroft, MI; NA zoning for versatile use, including retail options; 7% cap rate listed with $89,769.12 NOI
