Established Retail Building in Lake
For Sale
Contact for pricing
820 Jordan Lake Ave, Lake Odessa, MI 48849
Two-tenant retail building with long-term leases in Lake Odessa, MI.
Property Size13,200 SF
Price / SF$95.83
Days on Market1255
Property Features for 820 Jordan Lake Ave
General Information
Standard status
Active
Size
13,200 SF
Property subtype
Retail
Listing Agency:
Advantage Commercial Real Estate
(616) 327-2614
Listed By:
Mike Murray · License #MI 6501162612
Source:
Crexi
Added: Mar 16, 2023
Changed: Aug 8
Last Checked: Aug 8 at 4:10AM
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 Advantage Commercial Real Estate
Investment Insights
Based on property information with market context.
Located just east of downtown Lake Odessa, Michigan, this 13,200 SF retail building features two tenants. Family Dollar occupies 9,600 SF and has been in the building since 2002, expanding from an original 7,500 SF. Their current lease extends until June 30th, 2027, with five 5-year extension options. Marco’s Pizza occupies 2,100 SF and has been a tenant since 2007. The landlord is currently working on extending the term of the lease for Marco’s.
Key Highlights
- Stable income stream with long‑term Family Dollar tenant (since 2002) occupying a majority of the building (9,600 SF).
- Family Dollar lease extends to June 30, 2027, with five 5‑year extension options.
- Located on the main road in and out of Lake Odessa, Michigan, providing high visibility.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 47%
Home Improvements & Furnishings 6%
McDonald's
Dining
11,213 visits/mo
0.2 miles
Shell
Shops & Services
4,614 visits/mo
0.2 miles
Mobil
Shops & Services
4,118 visits/mo
0.2 miles
Family Dollar
Shops & Services
3,631 visits/mo
0.1 miles
Marco's Pizza
Dining
3,173 visits/mo
0.1 miles
Demographics for 48849, MI
5,904
Population
2,295
Households
2.6
Avg Household Size
42
Median Age
18%
College-Educated
94%
High-School Grad
83.7 sq mi
ZIP Area
71
Density / Sq Mi
$79,423
Median Household Income
$41,516
Median Earnings
$772
Median Rent
$212,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Two-tenant retail building with long-term leases in Lake Odessa, MI.
Where is this retail space located?
The property is located at 820 Jordan Lake Ave Lake Odessa, MI.
What is the asking price?
The asking price for this property is $1,265,000.
What are key features of this property?
This property features: Stable income stream with long‑term Family Dollar tenant (since 2002) occupying a majority of the building (9,600 SF).; Family Dollar lease extends to June 30, 2027, with five 5‑year extension options.; Located on the main road in and out of Lake Odessa, Michigan, providing high visibility.
