Building Details

Building Size 9,100 SF

Listing Agency: Exclusive Realty

Listed By: Steve Sagmani · License #6502426558 Show Phone

Source: Commercialcafe

Added: May 7 Changed: Oct 26 Last Checked: Oct 28 at 5:50AM

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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.

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

Estimated NOI and Cap Rate

NOI / Yr

$94,466

Cap Rate

7.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,889,320 $1.9M

Cap Rate 7%

$1,349,514 $1.3M

Cap Rate 9%

$1,049,622 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,100 SF

Gross rent

$140.9K $15.48/SF

− Vacancy

−$5.9K −$0.65/SF

EGI

$135.0K $14.83/SF

− OpEx

−$40.5K −$4.45/SF

NOI

$94.5K $10.38/SF

Area

Shiawassee 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%

$1,889,320

Cap Rate 7%

$1,349,514

Cap Rate 9%

$1,049,622

Alternative Uses

Best Use

Retail

$1.35M

$1.18M – $1.57M (±1% cap)

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 (±1% cap)

NOI $121,446 @ 7.0% cap · market cap 9.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Dollar General Discount Store Western Union Bank

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Hair Salon Cafe & Coffee Shop Nail Salon Barber Shop

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

Location Intelligence

Trade Area within ½ mile

62

Businesses Nearby

Explore this area Business Placement

Demographics for 48414, MI

2,361

Population

1,162

Households

2

Avg Household Size

45

Median Age

21%

College-Educated

93%

High-School Grad

31.6 sq mi

ZIP Area

75

Density / Sq Mi

$66,071

Median Household Income

$41,921

Median Earnings

$892

Median Rent

$182,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

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 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