Freestanding Retail with
715 S Clinton St Grand Ledge, MI 48837
715 S Clinton St, Grand Ledge, MI, 48837
$1,350,000
For Sale
$1,350,000
Freestanding retail property on a hard corner with an included drive-thru and substantial on-site parking.
Property Size11,080 SF
Price / SF$121.84
Days on Market106
Property Features for 715 S Clinton St
General Information
- Standard status
- Active
- Size
- 11,080 SF
- Property subtype
- Retail
Listing agency
Landmark Commercial Real Estate Services
(248) 488-2620
Listed by
Louis Ciotti · License #6501335264
(248) 488-2620
Source
Cpix.resimplifi
Added: Apr 8 Updated: Jul 22 at 12:13PM Checked: Jul 22 at 12:13PM
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This freestanding retail property is positioned on a hard corner and includes a drive-thru feature along with substantial parking. The offering is described as turn-key ready, while also presenting an option for potential redevelopment.
The property is located in an area with nearby retailers including Meijer, McDonald’s, and Dollar Tree, along with additional retailers. A condo association fee is approximately $400 per month.
If you’re evaluating a freestanding retail site with drive-thru access and parking, this one is presented for both immediate occupancy and redevelopment considerations.
The property is located in an area with nearby retailers including Meijer, McDonald’s, and Dollar Tree, along with additional retailers. A condo association fee is approximately $400 per month.
If you’re evaluating a freestanding retail site with drive-thru access and parking, this one is presented for both immediate occupancy and redevelopment considerations.
Key Highlights
- Freestanding retail property on a hard corner
- Included drive‑thru
- Substantial on‑site parking
Local 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 | $171.5k | $15.48 |
| − Vacancy | −$30.7k | −$2.77 |
| EGI | $140.8k | $12.71 |
| − OpEx | −$42.2k | −$3.81 |
| NOI | $98.6k | $8.90 |
11,080 SF · lease $15.48/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.64M
NOI $98,572 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$127.56M
$111.62M – $148.82M
NOI $8,929,257 @ 7.0% cap · market cap 661.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kingsley Aboagye, RPH
Pharmacy
Theresa M. Weaver, ...
Pharmacy
Bruce J. Butkovich, ...
Pharmacy
Hew and Hue
Furniture & Home Goods
Western Union
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding retail property on a hard corner with an included drive-thru and substantial on-site parking.
Where is this retail space located?
The property is located at 715 S Clinton St Grand Ledge, MI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Freestanding retail property on a hard corner; Included drive‑thru; Substantial on‑site parking
