Turn-Key Retail Florist
For Sale
Contact for pricing
755 E Mount Morris Street, Mount Morris, MI 48458
Brick storefront retail operation with a large on-site parking lot and included equipment and inventory for immediate use.
Property Size1,700 SF
Price / SF$147
Days on Market173
Property Features for 755 E Mount Morris Street
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Business for Sale, Retail
Additional Details
Business Included
Yes
Building Details
Year Built
1900
Listing Agency:
The Brokerage Real Estate Enthusiasts
Listed By:
Luke McLean
Source:
Crexi
Added: Feb 13
Changed: Jul 10
Last Checked: Jul 22 at 2:55PM
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 Brokerage Real Estate Enthusiasts
Investment Insights
Based on property information with market context.
This turn-key brick storefront is currently operating as a florist shop and comes fully equipped for immediate business use. The sale includes the building and a large parking lot, along with the business’s included equipment and inventory such as flowers, ribbons, vases, and other operating items.
The property is located at 755 E Mount Morris Street in Mt. Morris, MI. It is presented as a ready-to-run retail opportunity for an operator who wants to open without waiting to source fixtures or begin building out inventory.
For tenants, buyers, or operators, the practical value is the ability to purchase a complete retail setup and start operating right away. While the property is configured as a florist shop, the included improvements and street-facing retail presence may also support other boutique-style concepts depending on how future use is planned. The offering is also packaged to appeal to a hands-on owner-operator who wants both the storefront and parking included in the same purchase.
The property is located at 755 E Mount Morris Street in Mt. Morris, MI. It is presented as a ready-to-run retail opportunity for an operator who wants to open without waiting to source fixtures or begin building out inventory.
For tenants, buyers, or operators, the practical value is the ability to purchase a complete retail setup and start operating right away. While the property is configured as a florist shop, the included improvements and street-facing retail presence may also support other boutique-style concepts depending on how future use is planned. The offering is also packaged to appeal to a hands-on owner-operator who wants both the storefront and parking included in the same purchase.
Key Highlights
- Brick storefront retail operation with 1900 build year
- Includes a large on‑site parking lot
- Sale includes building plus equipment and inventory for immediate operation
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 | $26.3k | $15.48 |
| − Vacancy | −$1.1k | −$0.65 |
| EGI | $25.2k | $14.83 |
| − OpEx | −$7.6k | −$4.45 |
| NOI | $17.6k | $10.38 |
1,700 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$252.1K
$220.6K – $294.1K
NOI $17,648 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$357.7K
$313.0K – $417.4K
NOI $25,041 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 18%
Groceries 10%
Electronics 7%
Sunoco
Shops & Services
8,686 visits/mo
0.3 miles
Dollar General
Shops & Services
6,588 visits/mo
0.3 miles
SUBWAY
Dining
5,481 visits/mo
0.5 miles
Pet Supplies Plus
Shops & Services
4,644 visits/mo
0.4 miles
Family Dollar
Shops & Services
3,890 visits/mo
0.4 miles
Demographics for 48458, MI
19,699
Population
9,136
Households
2.2
Avg Household Size
39
Median Age
8%
College-Educated
87%
High-School Grad
35.7 sq mi
ZIP Area
552
Density / Sq Mi
$43,496
Median Household Income
$32,122
Median Earnings
$896
Median Rent
$87,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Kroger Floral — 7188 N Saginaw Rd, Mt Morris, MI 48458
- B's Flowers Plus we deliver. — 755 E Mt Morris Rd, Mt Morris, MI 48458
Frequently Asked Questions
What type of property is this?
Storefront property - Brick storefront retail operation with a large on-site parking lot and included equipment and inventory for immediate use.
Where is this storefront property located?
The property is located at 755 E Mount Morris Street Mount Morris, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Brick storefront retail operation with 1900 build year; Includes a large on‑site parking lot; Sale includes building plus equipment and inventory for immediate operation
