For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

820 Jordan Lake Ave Lake Odessa, MI 48849

Loading data...
Loading data...
Loading data...
For Sale
Contact for pricing

High-yield grocery & convenience store

Property size:
13,200 SF

Property Features for 820 Jordan Lake Ave

General Information

Property type
Individual retail properties
Square Feet
13,200 SF

Building Details

Buildings
1
Stories
1

We can help!

Listing Contact
David Rapp
David Rapp

Listing Agency: Advantage Commercial Real Estate Listing Agent: David Rapp

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

This exceptional retail investment opportunity in Lake Odessa, MI, presents a 13,200 square foot building situated on Jordan Lake Ave, the main thoroughfare. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $88,541. Currently housing two established tenants, Family Dollar and Marco's Pizza, the property offers excellent long-term stability. Family Dollar, occupying 9,600 square feet, has a lease extending to June 30th, 2027, with five 5-year renewal options. They've significantly upgraded their space since their 2002 occupancy. Marco's Pizza, in a 2,100 square foot space since 2007, is currently negotiating a lease extension. The asking price is $1,265,000, translating to $95.83 per square foot. This single-story building presents a compelling owner-user or investment opportunity with significant upside potential due to its prime location and established tenant base. The property is offered as a triple-net (NNN) lease, minimizing landlord responsibilities. This is a rare chance to acquire a well-positioned, income-generating retail property in a thriving Michigan community. The property is for sale by owner.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Marco's Pizza Restaurant Redbox Cinema Family Dollar Discount Store

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Lake Odessa
County
Ionia
State
Michigan
Longitude
-85.133234904408
Latitude
42.780491954193

FAQs

What type of property is this?
Individual retail property - High-yield grocery & convenience store
Where is this individual retail property located?
The property is located at 820 Jordan Lake Ave Lake Odessa, MI.
What is the asking price?
The asking price for this property is $1,265,000.
What are key features of this property?
This property features: $1,265,000 asking price for a 13,200 SF retail property in Lake Odessa, MI.; 7.00% cap rate with a $88,541 NOI.; NNN lease, owner-user investment opportunity.
(616) 327-2614 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message