2018 Retail Storefront with Optical
900 E Michigan Avenue Saline, MI 48176
For Sale
$1,099,999
COMMERCIAL - Saline, MI
Property Size2,548 SF
Lot Size0.58 Acres
Price / SF$431.71
Days on Market49
Property Features for 900 E Michigan Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Interior features
- Broadband
- Standard status
- Active
- APN
- 18-12-31-490-005
- Size
- 2,548 SF
- Lot size
- 0.58 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- AMENDED PLAT MD L 5213 P 134 UNIT 5, SALINE PLAZA CONDOMINIUM SPLIT ON 08/07/2017 FROM 18-12-31-470-039;
- Tax Annual Amount
- 22058
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2018
- Number of units
- 1
- Building materials
- Stucco
- Roof type
- Composition
Listing Agency:
Berkshire Hathaway HomeServices MI
(269) 344-8599
Listed By:
Ryan Rider · License #6501273398
(269) 344-8599
Added: Jun 5
Changed: Jul 9
Last Checked: Jul 23 at 11:06PM
MLS# 26027758
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2018-built retail storefront features a current optical retailer tenant in place. The property is sized at 2,548 square feet on a 0.58-acre lot and is positioned for investors seeking a hands-off ownership experience, with the landlord responsibilities described as very limited.
The asset is located at 900 E Michigan Avenue in Saline, Michigan (Washtenaw County). The ongoing tenancy is supported by a corporate tenant with over 900 locations across 34 states.
As currently configured and operating as an optical retail use, the storefront provides a straightforward, single-purpose retail setting for a long-term tenant relationship.
The asset is located at 900 E Michigan Avenue in Saline, Michigan (Washtenaw County). The ongoing tenancy is supported by a corporate tenant with over 900 locations across 34 states.
As currently configured and operating as an optical retail use, the storefront provides a straightforward, single-purpose retail setting for a long-term tenant relationship.
Key Highlights
- Built in 2018
- Central air conditioning and forced‑air heating
- Stucco exterior with composition roof
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 | $53.5k | $21.00 |
| − Vacancy | −$4.0k | −$1.58 |
| EGI | $49.5k | $19.43 |
| − OpEx | −$14.8k | −$5.83 |
| NOI | $34.6k | $13.60 |
2,548 SF · lease $21.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$494.9K
$433.1K – $577.4K
NOI $34,646 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$748.7K
$655.1K – $873.5K
NOI $52,407 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Genthe Chrysler Dodge ...
Auto Parts Store
Genthe Chrysler Dodge ...
Auto Repair Shop
Oops Credit
Bank
Lauren Yoon
Physician
Lauren Yoon Baltierra
Physician
Similar Off Market Nearby
- Saline Flowerland — 7370 E Michigan Ave, Saline, MI 48176
FAQs
What type of property is this?
Storefront property - Built in 2018 and leased to an optical retailer, offering long-term occupancy with limited landlord responsibilities.
Where is this storefront property located?
The property is located at 900 E Michigan Avenue Saline, MI.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Built in 2018; Central air conditioning and forced‑air heating; Stucco exterior with composition roof
