Retail Space with Expansion
For Sale
Contact for pricing
5050 Zelle Dr, Bridgeport, MI 48722
Retail space for sale with high visibility and expansion options.
Property Size6,000 SF
Price / SF$183.17
Days on Market1491
Property Features for 5050 Zelle Dr
General Information
Standard status
Active
Size
6,000 SF
Total Parking Spaces
2
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Investment Type
Net Lease
Building Details
Year Built
2000
Year Renovated
2023
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Henry Johnson Real Estate
Listed By:
Henry Johnson · License #MI 6502112983
Source:
Crexi
Added: Sep 13, 2022
Changed: Oct 8
Last Checked: Oct 11 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 Henry Johnson Real Estate
Investment Insights
Based on property information with market context.
This retail space offers between 5,000 and 8,000 square feet, with the possibility to expand up to 20,000 square feet. The existing building is in excellent condition. The property benefits from great visibility from I-75, US-23, and US-10, providing main access to Frankenmuth, Saginaw, and Northern Michigan. The location is surrounded by new developments. The property can be built to suit additional tenants.
Key Highlights
- High visibility from I‑75, US‑23, and US‑10
- Build‑to‑suit options available (5‑8,000 sf)
- Potential for expansion up to 20,000 sf
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,689
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,780
$893.8K
Cap Rate 7%
$638,414
$638.4K
Cap Rate 9%
$496,544
$496.5K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$77.8K $12.96/SF
− Vacancy
−$13.9K −$2.32/SF
EGI
$63.8K $10.64/SF
− OpEx
−$19.2K −$3.19/SF
NOI
$44.7K $7.45/SF
Area
Saginaw County, MI
Vacancy
17.90%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,780
Cap Rate 7%
$638,414
Cap Rate 9%
$496,544
Alternative Uses
Best Use
Retail
$638.4K
$558.6K – $744.8K
NOI $44,689 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$970.0K – $1.29M
NOI $77,598 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
83k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 35%
Hotels & Casinos 4%
Speedway
Shops & Services
51,271 visits/mo
0.0 miles
Cracker Barrel Old Country Store
Dining
20,267 visits/mo
0.4 miles
BIGGBY COFFEE
Dining
5,080 visits/mo
0.1 miles
SUBWAY
Dining
3,365 visits/mo
0.5 miles
Baymont By Wyndham Bridgeport/Frankenmuth
Hotels & Casinos
2,985 visits/mo
0.3 miles
Demographics for 48722, MI
3,137
Population
1,401
Households
2.2
Avg Household Size
47
Median Age
20%
College-Educated
93%
High-School Grad
17.5 sq mi
ZIP Area
179
Density / Sq Mi
$68,777
Median Household Income
$45,218
Median Earnings
$1,057
Median Rent
$136,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space for sale with high visibility and expansion options.
Where is this retail space located?
The property is located at 5050 Zelle Dr Bridgeport, MI.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: High visibility from I‑75, US‑23, and US‑10; Build‑to‑suit options available (5‑8,000 sf); Potential for expansion up to 20,000 sf
