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    13157 Schavey Rd DeWitt, MI 48820

    Sponsored
    For Lease
    $12 SF/Yr

    High-traffic retail space, former Rite Aid.

    Lot size:
    100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity presents 100,000 square feet of commercial space located within the DeWitt Shopping Center at 13157 Schavey Rd, DeWitt, MI 48820, in Clinton County. The property is currently configured as a single, multi-tenant building. A significant portion of the space, totaling 8,850 square feet, is currently vacant. This prime location offers high visibility and accessibility, benefiting from established foot traffic and convenient access for customers. The space's previous tenant, Rite Aid, occupied the premises for 45 years, demonstrating the location's long-term viability and strong historical performance. The property's size and layout offer considerable flexibility for a variety of retail uses, making it an ideal investment for businesses seeking a prominent presence in the DeWitt market. The building's substantial square footage provides ample room for expansion or adaptation to suit specific business needs. This is a rare opportunity to acquire a well-established retail space in a thriving community. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property is zoned for commercial use.

    Property Features for 13157 Schavey Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,000 SF
    Total Rate
    100000

    Unit(s) available at that property

    Space
    13157 1/2
    Size
    8,850 SF
    Rate per SF
    $12

    HighLights

    • Prime Dewitt location.
    • Immediate occupancy; low annual CAM charges of $2.50/SF.
    • Strong tenant mix including Sparrow Health, Dewitt Wellness Center, Fiesta Charra, and Edward Jones.
    • Only one vacant suite in a well‑established center.
    • High‑traffic, multi‑use neighborhood center.
    • 4,500 SF former Rite Aid space ideal for grocery or convenience store.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Drug Store Fiesta Charra Mexican ... Mexican Restaurant Heide A. Novack, RPh Pharmacy Vaughn V. Hafner, ... Pharmacy Western Union Money Transfer Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    DeWitt
    County
    Clinton
    State
    Michigan
    Longitude
    -84.5885509
    Latitude
    42.8255958

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, former Rite Aid.
    Where is this retail property located?
    The property is located at 13157 Schavey Rd DeWitt, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Prime Dewitt location.; Immediate occupancy; low annual CAM charges of $2.50/SF.; Strong tenant mix including Sparrow Health, Dewitt Wellness Center, Fiesta Charra, and Edward Jones.
    Request Owner's contact information
    13157 Schavey Rd DeWitt, MI 48820
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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
    13157 Schavey Rd DeWitt, MI 48820
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