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    8531 Lansing Rd Durand, MI 48429

    Sponsored
    For Lease
    $15 SF/Yr ($14,166 /Mo)

    Prime Durand Retail, Drive-Thru Available

    Lot size:
    11,082 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property in Durand, Michigan, presents a significant leasing opportunity. Located at 8531 Lansing Rd, 48429, this single-tenant building offers 11,082 square feet of well-maintained space. Formerly a Rite Aid pharmacy, the property boasts a convenient drive-thru, enhancing its appeal to a wide range of potential tenants. The building's strategic location just off the freeway ensures high visibility and accessibility, maximizing exposure to a substantial customer base. The open layout provides flexibility for various retail configurations, and the property's prominent positioning ensures strong customer attention. The 1.57 acres of land offer ample space for parking and potential future expansion. While currently configured for a single tenant, the space could potentially be subdivided to accommodate multiple businesses. This adaptable design and prime location make it an ideal choice for businesses seeking a high-traffic, easily accessible retail space in a thriving Michigan community. The property is ready for immediate occupancy and offers a unique chance to establish a successful retail presence in a desirable market. Interested parties are encouraged to inquire for further details and leasing options.

    Property Features for 8531 Lansing Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,082 SF
    Total Rate
    14166.49

    Unit(s) available at that property

    Space
    Size
    11,082 SF
    Rate per SF
    $15

    HighLights

    • 11,082 SF retail building, renovated in 2021, located at 8531 Lansing Rd, Durand, MI 48429.
    • Ground lease opportunity available.
    • Features a drive‑thru.
    • Prime location in Durand, MI, just off I‑69, strategically positioned between Owosso and Flint.
    • Ample space for retail operations on a 1.57‑acre lot, with potential for expansion.
    • Suitable for single or multiple tenants; can be subdivided.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy Pharmacy Rite Aid Drug Store Western Union Money Transfer Service higi Health Consultant Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Hotel & Motel Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Durand
    County
    Shiawassee
    State
    Michigan
    Longitude
    -83.996993
    Latitude
    42.9258436

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    Nearby Similar for Lease

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      2,898 SF

      Retail Suite in Monroe Plaza

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      Monroe Plaza Retail Space

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      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime Durand Retail, Drive-Thru Available
    Where is this individual retail property located?
    The property is located at 8531 Lansing Rd Durand, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 11,082 SF retail building, renovated in 2021, located at 8531 Lansing Rd, Durand, MI 48429.; Ground lease opportunity available.; Features a drive-thru.
    Request Owner's contact information
    8531 Lansing Rd Durand, MI 48429
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    Durand, MI 48429
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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
    8531 Lansing Rd Durand, MI 48429
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