Two-Suite Strip Mall with
For Sale
$750,000
731733 731 & 733 W Michigan Ave, Saline, MI 48176
Flexible retail property with restaurant infrastructure, rear loading access, and substantial storage capacity.
Property Size6,635 SF
Price / SF$113.04
Days on Market64
Property Features for 731733 731 & 733 W Michigan Ave
General Information
Standard status
Active
Size
6,635 SF
Amenities
commercial kitchen
overhead door
storage area
Building Details
Year Built
1956
Listing Agency:
The Charles Reinhart Company
Listed By:
Todd Lands, Todd Mercer · License #6506044616
(734) 645-2637
Source:
Katie-k
Added: Aug 12
Changed: Oct 7
Last Checked: Oct 7 at 5:17PM
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 The Charles Reinhart Company
Investment Insights
Based on property information with market context.
This 6,635-square-foot strip mall includes two suites and was built in 1956. The property features a commercial kitchen with coolers and a prep kitchen, supporting restaurant or catering operations. A rear overhead door opens to a large storage area that can also accommodate retail or shop use.
The property is located at 731733 731 & 733 W Michigan Ave in Saline, Michigan, near a new data center. Its combination of storefront space, food-service infrastructure, rear access, and storage provides a range of commercial configurations within one building.
The property is located at 731733 731 & 733 W Michigan Ave in Saline, Michigan, near a new data center. Its combination of storefront space, food-service infrastructure, rear access, and storage provides a range of commercial configurations within one building.
Key Highlights
- Two suites totaling 6635 square feet
- Commercial kitchen with coolers and prep kitchen
- Rear overhead door provides access to a large storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,586
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,720
$1.2M
Cap Rate 7%
$879,800
$879.8K
Cap Rate 9%
$684,289
$684.3K
Market Conditions
NOI Build-Up for 6,635 SF
Gross rent
$99.5K $15.00/SF
− Vacancy
−$11.5K −$1.74/SF
EGI
$88.0K $13.26/SF
− OpEx
−$26.4K −$3.98/SF
NOI
$61.6K $9.28/SF
Area
Washtenaw County, MI
Vacancy
11.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,720
Cap Rate 7%
$879,800
Cap Rate 9%
$684,289
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,116 @ 7.0% cap · market cap 12.28%
Second Best
Retail
$1.29M
$1.13M – $1.50M
NOI $90,219 @ 7.0% cap · market cap 12.03%
Theoretical Best
Office A
$1.95M
$1.71M – $2.27M
NOI $136,469 @ 7.0% cap · market cap 18.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 48176, MI
22,833
Population
9,076
Households
2.5
Avg Household Size
44
Median Age
58%
College-Educated
96%
High-School Grad
70.8 sq mi
ZIP Area
323
Density / Sq Mi
$110,987
Median Household Income
$53,263
Median Earnings
$1,161
Median Rent
$384,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Flexible retail property with restaurant infrastructure, rear loading access, and substantial storage capacity.
Where is this strip mall located?
The property is located at 731733 731 & 733 W Michigan Ave Saline, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two suites totaling 6635 square feet; Commercial kitchen with coolers and prep kitchen; Rear overhead door provides access to a large storage area
