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    8531 Lansing Rd Durand, MI 48429

    For Sale
    $2,500,000

    11,082 SF Rite Aid Building, Vacant

    Property size:
    11,082 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 11,082-square-foot retail property, formerly a Rite Aid, presents a compelling investment opportunity in Durand, Michigan. Located at 8531 Lansing Rd, in Shiawassee County (zip code 48429), this single-story building sits on a 1.57-acre lot and boasts a convenient drive-thru. Completely renovated in 2021, the property offers an open layout with excellent visibility, ideally suited for a variety of retail uses. Its prime location just off I-69, strategically positioned between Owosso and Flint, ensures high traffic and accessibility. The asking price is $2,500,000, translating to $225.59 per square foot. The property is available as an absolute NNN lease, and while currently vacant, its adaptable design allows for single-tenant occupancy or potential division for multiple tenants. The building was originally constructed in 1998 and benefits from its proximity to the Dutch Hollow Golf Club. This presents a rare chance to acquire a well-maintained, high-traffic retail space in a thriving Michigan community. The property's size and location make it an excellent choice for retail expansion or a new venture. This is a ground lease opportunity.

    Property Features for 8531 Lansing Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,082 SF
    Lot Size
    68,389 SF

    Building Details

    Year Built/Renovated
    1998/2021
    Buildings
    1
    Stories
    1

    HighLights

    • 2021 Renovation.
    • Ground lease available.
    • Drive‑thru capable.
    • Prime I‑69 location in Durand, MI.
    • Ample retail space.
    • Strategically located between Owosso and Flint.
    Property Profile Insight Report 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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    FAQs

    What type of property is this?
    Individual retail property - 11,082 SF Rite Aid Building, Vacant
    Where is this individual retail property located?
    The property is located at 8531 Lansing Rd Durand, MI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 2021 Renovation.; Ground lease available.; Drive-thru capable.
    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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