7375 Midland Road, Freeland, MI 48623

Building Details

Buildings 1 More

Building Size 3,520 SF More

Tenancy Multi More

Listing Agency: Ayre Rhinehart Real Estate Partners

Listed By: Micah Guigou · License #MI Show Phone

Source: Crexi

Added: Oct 22 Changed: Nov 8 Last Checked: Nov 8 at 6:10PM

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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 Ayre Rhinehart Real Estate Partners

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Investment Insights

Based on property information with market context.

The property contains approximately 3,520 square feet arranged as two suites on a 1.07-acre parcel. About 800 square feet is expected to be vacant at closing; the other occupied portion provides rental income. On-site parking serves the building, and the suite configuration allows separate occupancy within the property.

Located on Midland Road in Freeland, the site lies between Midland and Saginaw, with access to the broader Great Lakes Bay Region. The available area may be occupied by the new owner or leased, while the existing tenant remains in place.

Key Highlights

• Approximately 3,520 square feet on 1.07 acres
• Two‑suite configuration
• Approximately 800 SF expected to be vacant at closing

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,512

Cap Rate

8.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$570,240 $570.2K

Cap Rate 7%

$407,314 $407.3K

Cap Rate 9%

$316,800 $316.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,520 SF

Gross rent

$50.7K $14.40/SF

− Vacancy

−$5.1K −$1.44/SF

EGI

$45.6K $12.96/SF

− OpEx

−$17.1K −$4.86/SF

NOI

$28.5K $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%

$570,240

Cap Rate 7%

$407,314

Cap Rate 9%

$316,800

Alternative Uses

Best Use

Mixed Use

$407.3K

$356.4K – $475.2K (±1% cap)

NOI $28,512 @ 7.0% cap · market cap 8.64%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$650.3K

$569.1K – $758.7K (±1% cap)

NOI $45,524 @ 7.0% cap · market cap 13.80%

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

Mid Michigan Child ... Charitable Organization Circle Auto Parts ... Auto Parts Store

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.

Lease Details

Multi-tenant

Tenancy

Yes

Paved road access

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - One suite is expected to become available at closing, while the occupied space continues to generate rental income.

Where is this mixed-use property located?

The property is located at 7375 Midland Road Freeland, MI.

What is the asking price?

The asking price for this property is $329,900.

What are key features of this property?

This property features: Approximately 3,520 square feet on 1.07 acres; Two‑suite configuration; Approximately 800 SF expected to be vacant at closing