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    Saginaw County Northville, MI 48167

    Sponsored
    For Sale
    $2,050,000

    Four-unit retail plaza, high-traffic location.

    Property size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 25,000 square foot, four-unit retail plaza situated on a 1.5-acre lot in Northville, Michigan (Saginaw County, zip code 48167). The property, built in 2018 and boasting 100% occupancy, features a well-established national brand tenant in a convenience store and gas station configuration. This anchor tenant contributes significantly to the property's strong financial performance, with the convenience store generating substantial revenue from groceries, beer, wine, spirits, and lottery sales (one of the highest in the area). Two additional smaller businesses lease the remaining units. The property's Class C designation reflects its solid, established nature. The asking price is $2,050,000, translating to $82 per square foot. The property is zoned for commercial use and offers significant upside potential. The ample lot size presents opportunities for expansion, such as adding a gas station or car wash, given its prime location on a high-traffic road with a traffic light. Owner financing may be available to qualified buyers. This is an owner/user opportunity with rental income offsetting expenses, making it an attractive passive or active investment. The property is organized as an LLC.

    Property Features for 0 Saginaw County

    General Information

    Property type
    Lifestyle centers
    Square Feet
    25,000 SF
    Class
    C
    Lot Size
    65,340 SF

    Building Details

    Year Renovated
    2018
    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • High‑traffic corner location with traffic signal.
    • National brand tenant with long‑term lease.
    • High‑volume convenience store/liquor store (top performer in the area).
    • Positive cash flow from rental income.
    • Expansion potential: add gas station or car wash on large lot.
    • Owner financing may be considered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Northville
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.483215
    Latitude
    42.4312595

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    FAQs

    What type of property is this?
    Lifestyle center - Four-unit retail plaza, high-traffic location.
    Where is this lifestyle center located?
    The property is located at Saginaw County Northville, MI.
    What is the asking price?
    The asking price for this property is $2,050,000.
    What are key features of this property?
    This property features: High-traffic corner location with traffic signal.; National brand tenant with long-term lease.; High-volume convenience store/liquor store (top performer in the area).
    Request Owner's contact information
    Saginaw County Northville, MI 48167
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Saginaw County Northville, MI 48167
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