9463 Genesee Street, New Lothrop, MI 48460
COMMERCIAL - New Lothrop, MI
- Added:
- Dec 19, 2025
- Days on Market:
- 199
- Last Refresh:
- Jul 6 at 12:06 pm
Property Features for 9463 Genesee Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Exterior features
- Wheelchair Access
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 004-60-005-011-01
- Size
- 900 SF
- Lot size
- 0.05 Acres
Utilities
- Heating system
- Forced Air
- Cooling system
- Wall/Window Unit(s), Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1940
Listing agent Kyle Raup License #FAAR (810) 513-3417
Listing office Century 21 Signature Realty 720 E Main St., Saginaw, MI (810) 659-3161
Listing date Dec 19, 2025
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 900 SF downtown New Lothrop Village commercial building
- Two front entrances with potential to be divided for multiple uses
- Wheelchair access with accessible approach and ramp
- Forced‑air heating plus ceiling fans and wall/window A/C units
- Public water service
- Immediate occupancy available
Overview
Located in the heart of downtown New Lothrop, the property is presented with easy access and ample parking, supporting convenient visits for walk-in customers. The address is listed at 9463 Genesee Street in New Lothrop, Michigan.
The layout and street-facing entry points make this building a practical fit for small retail or personal service users such as salon and boutique-style operations. With the option to separate space for more than one use, the property may also appeal to buyers or operators looking for flexibility in how they occupy the building. Immediate occupancy is noted in the remarks, and land contract terms are listed as a possibility.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.9k | $15.48 |
| − Vacancy | −$585 | −$0.65 |
| EGI | $13.3k | $14.83 |
| − OpEx | −$4.0k | −$4.45 |
| NOI | $9.3k | $10.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Lothrop
- County
- Shiawassee
- State
- Michigan
- Longitude
- -83.970511
- Latitude
- 43.116904
