Building Details

Year Built 1970

Buildings 1

Construction vinyl-sided

Tenancy Single

Listing Agency: RE/MAX Mid-Michigan R.E.

Listed By: Stephanie Bosanac-Mortimer · License #6501336455 Show Phone

Source: Katie-k

Added: Sep 2 Changed: Oct 6 Last Checked: Oct 7 at 1:37PM

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Investment Insights

Based on property information with market context.

This freestanding storefront property occupies a 1-acre site and currently operates as a hair salon. The vinyl-sided building includes a drive-through window, natural gas service, and an auto generator. Improvements include parking lot sealcoating, updated gutters, crawlspace insulation, a pressure tank, hot water heater, and refreshed interior and exterior lighting and flooring.

The property is located at 7394 Moscow Rd in Hanover Township, Jackson, Michigan, next door to Dollar General and near Subway, Lomar, and other established businesses. The building dates to 1970 and offers a commercial setting that has supported salon operations while also being described for retail, office, food service, or medical practice use.

Key Highlights

• 1‑acre commercial site with a freestanding vinyl‑sided building
• Drive‑through window, natural gas service, and auto generator
• Currently operating as a hair salon

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,276

Cap Rate

3.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$165,520 $165.5K

Cap Rate 7%

$118,229 $118.2K

Cap Rate 9%

$91,956 $92.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$14.4K $12.00/SF

− Vacancy

−$2.6K −$2.15/SF

EGI

$11.8K $9.85/SF

− OpEx

−$3.5K −$2.96/SF

NOI

$8.3K $6.90/SF

Area

Jackson County, MI

Vacancy

17.90%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$165,520

Cap Rate 7%

$118,229

Cap Rate 9%

$91,956

Alternative Uses

Best Use

Retail

$118.2K

$103.5K – $137.9K (±1% cap)

NOI $8,276 @ 7.0% cap · market cap 3.68%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$191.6K

$167.6K – $223.5K (±1% cap)

NOI $13,409 @ 7.0% cap · market cap 5.96%

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

Storefront properties

Suggested Use

Top Pick Auto Repair Shop Electrical Service HVAC Service Pharmacy Butcher Pet Grooming Service

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

Single-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

7k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

6,698 visits/mo 0.4 miles

Demographics for 49246, MI

3,247

Population

1,467

Households

2.2

Avg Household Size

49

Median Age

28%

College-Educated

94%

High-School Grad

34.5 sq mi

ZIP Area

94

Density / Sq Mi

$81,181

Median Household Income

$52,109

Median Earnings

$773

Median Rent

$230,100

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

Frequently Asked Questions

What type of property is this?

Storefront property - Vinyl-sided commercial building with a drive-through window, natural gas service, and backup generator on a one-acre site.

Where is this storefront property located?

The property is located at 7394 Moscow Rd Horton, MI.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: 1‑acre commercial site with a freestanding vinyl‑sided building; Drive‑through window, natural gas service, and auto generator; Currently operating as a hair salon