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    5050 Zelle Dr Bridgeport charter Township, MI 48722

    Sponsored
    For Sale
    $1,099,000

    Triple-net lease, high-traffic location.

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail investment opportunity presents a 6,000-square-foot, single-story building situated on a 30,000-square-foot lot in Bridgeport Charter Township, Michigan. Currently housing three tenants with 100% occupancy, this property boasts a strong net lease structure, ensuring a steady income stream. The building, constructed in 2000 and extensively renovated in 2023, features a 10-foot ceiling height and is zoned for commercial use. The property's prime location offers exceptional visibility from major thoroughfares, including I-75, US-23, and US-10, providing easy access to Frankenmuth, Saginaw, and the broader Northern Michigan region. With two parking spaces currently available, the property offers a parking ratio of 25 spaces per 1,000 square feet. The asking price is $1,099,000, translating to $149.75 per square foot. The property's current tenants include a convenience store, pharmacy/drug store, and storefront, demonstrating its versatility and appeal to a diverse range of businesses. The property's existing infrastructure allows for expansion up to 20,000 square feet, presenting significant potential for future development and increased revenue. The parcel number is 09-11-5-22-1010-001. This is a turnkey investment opportunity with significant upside potential.

    Property Features for 5050 Zelle Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,000 SF

    Building Details

    Year Built/Renovated
    2000/2023
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • 6,000 SF single‑story retail building on a 30,000 SF lot in Bridgeport Charter Township, MI.
    • 100% occupancy with three tenants under a strong net lease structure.
    • Built in 2000, extensively renovated in 2023, with 10‑foot ceilings and commercial zoning.
    • Excellent visibility from I‑75, US‑23, and US‑10, offering easy access to Frankenmuth, Saginaw, and Northern Michigan.
    • 25 parking spaces per 1,000 square feet; currently two spaces available.
    • Asking price: $1,099,000 ($149.75/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Viper Apparel | Prom ... Clothing Store

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Auto Parts Store Hotel & Motel Food Market Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport charter Township
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.861401
    Latitude
    43.349919

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    FAQs

    What type of property is this?
    Individual retail property - Triple-net lease, high-traffic location.
    Where is this individual retail property located?
    The property is located at 5050 Zelle Dr Bridgeport charter Township, 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: 6,000 SF single-story retail building on a 30,000 SF lot in Bridgeport Charter Township, MI.; 100% occupancy with three tenants under a strong net lease structure.; Built in 2000, extensively renovated in 2023, with 10-foot ceilings and commercial zoning.
    Request Owner's contact information
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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
    5050 Zelle Dr Bridgeport charter Township, MI 48722
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