Building Details

Building Size 4,960 SF

Year Built 1970

Buildings 2

Stories 4960

Units 1

Listing Agency: Keller Williams GR East k***@kw.com Show Phone

Listed By: Priscilla Cazier · License #6501409399 Show Phone

Source: Alleyrealestatesales

Added: Nov 2 Last Checked: Nov 3 at 5:59AM

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Investment Insights

Based on property information with market context.

Built in 1970, the commercial-zoned property includes a 4,960-square-foot building with workshop and showroom areas. Building systems include 3-phase power, multiple outlets, electrical updates completed within the last 10 years, and two furnaces. A 20x60 pole barn provides additional covered space on site.

The attached campground has 35 rustic campsites and a nearby boat launch. The property combines these outdoor recreation features with commercial building space.

Key Highlights

• 35 rustic campsites are attached to the property
• 4,960‑square‑foot building with workshop and showroom areas
• 3‑phase power and multiple power outlets

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,176

Cap Rate

6.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$803,520 $803.5K

Cap Rate 7%

$573,943 $573.9K

Cap Rate 9%

$446,400 $446.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,960 SF

Gross rent

$71.4K $14.40/SF

− Vacancy

−$7.1K −$1.44/SF

EGI

$64.3K $12.96/SF

− OpEx

−$24.1K −$4.86/SF

NOI

$40.2K $8.10/SF

Area

Saginaw County, MI

Vacancy

10.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$803,520

Cap Rate 7%

$573,943

Cap Rate 9%

$446,400

Alternative Uses

Best Use

Mixed Use

$573.9K

$502.2K – $669.6K (±1% cap)

NOI $40,176 @ 7.0% cap · market cap 6.70%

Second Best

Industrial

$369.5K

$323.3K – $431.1K (±1% cap)

NOI $25,863 @ 7.0% cap · market cap 4.31%

Theoretical Best

Specialty Retail

$916.4K

$801.9K – $1.07M (±1% cap)

NOI $64,148 @ 7.0% cap · market cap 10.69%

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

Busch Machine Tool ... Industrial Manufacturer Busch Marine Freight Service

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Hair Salon Carpet & Flooring Store

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

172

Businesses Nearby

Explore this area Business Placement

Demographics for 48623, MI

15,105

Population

5,495

Households

2.7

Avg Household Size

41

Median Age

33%

College-Educated

96%

High-School Grad

72.8 sq mi

ZIP Area

207

Density / Sq Mi

$96,371

Median Household Income

$54,433

Median Earnings

$1,176

Median Rent

$230,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial zoning supports a property combining building space with 35 rustic campsites.

Where is this mixed-use property located?

The property is located at 7251 Midland Road Freeland, MI.

What is the asking price?

The asking price for this property is $600,000.

What are key features of this property?

This property features: 35 rustic campsites are attached to the property; 4,960‑square‑foot building with workshop and showroom areas; 3‑phase power and multiple power outlets