Building Details

Building Size 1,536 SF

Year Built 2021

Stories 1

Listing Agency: CENTURY 21 Affiliated Show Phone

Listed By: Matthew Yoder Show Phone

Source: Danhendrick.clydehendrickrealtors

Added: Oct 19 Changed: Oct 28 Last Checked: Oct 31 at 4:26AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Bean Creek Garden Center is an operating nursery and garden retail property in Hudson, Michigan, with more than 27 years of business history. The site spans 10.01 acres and includes a new storefront, multiple greenhouses, outdoor display areas, and paved parking. The existing garden center operation provides an established retail use on the property.

The property fronts US-127, and its address is 645 S Meridian Road. The acreage and existing greenhouse and display improvements form the core of the site’s current configuration.

Key Highlights

• 10.01‑acre nursery and garden center property
• More than 27 years of garden center business history
• New storefront with multiple greenhouses and outdoor display areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,945

Cap Rate

3.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$318,900 $318.9K

Cap Rate 7%

$227,786 $227.8K

Cap Rate 9%

$177,167 $177.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,536 SF

Gross rent

$23.8K $15.48/SF

− Vacancy

−$999 −$0.65/SF

EGI

$22.8K $14.83/SF

− OpEx

−$6.8K −$4.45/SF

NOI

$15.9K $10.38/SF

Area

Lenawee 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%

$318,900

Cap Rate 7%

$227,786

Cap Rate 9%

$177,167

Alternative Uses

Best Use

Retail

$227.8K

$199.3K – $265.8K (±1% cap)

NOI $15,945 @ 7.0% cap · market cap 3.19%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$19.06M

$16.67M – $22.23M (±1% cap)

NOI $1,333,986 @ 7.0% cap · market cap 266.80%

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

Nursery and garden centers

Suggested Use

Top Pick Building Supply Real Estate Agency Plumbing Service Garden Center Kitchen & Bath Showroom Auto Repair 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.

Lease Details

Turnkey business

Opportunity

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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

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 For Sale Nearby

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Duplex with Detached Garage

573 S Meridian Rd, Hudson, MI 49247

$209,900

1,924 SF

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Mixed-Use Investment Opportunity in Hudson

112 S Church St, Hudson, MI 49247

$69,900

4,824 SF

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New Industrial Property For Sale

Hew, Hudson, MI 48165

Contact for pricing

6,500 SF

View details

Similar Off Market Nearby

• Bean Creek Garden Center — 645 S Meridian Rd, Hudson, MI 49247

Frequently Asked Questions

What type of property is this?

Nursery and garden center - An established garden retail operation combines a new storefront with greenhouse and outdoor display areas.

Where is this nursery and garden center located?

The property is located at 645 S Meridian Road Hudson, MI.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: 10.01‑acre nursery and garden center property; More than 27 years of garden center business history; New storefront with multiple greenhouses and outdoor display areas