Renovated Retail or Office
For Sale
$525,000
D-11225 S Saginaw St, Grand Blanc, MI 48439
Recently renovated retail or office condominium within Old World Village Plaza, offering modern interior space and convenient access.
Property Size2,200 SF
Price / SF$238.64
Days on Market151
Property Features for D-11225 S Saginaw St
General Information
Standard status
Active
Size
2,200 SF
Taxes and HOA fees
Annual Taxes
$8,328
Listing Agency:
BHHS Michigan Real Estate
Listed By:
Jonathan Crane · License #6504431857
(616) 364-9551
Source:
Exprealty
Added: May 24
Changed: Oct 15
Last Checked: Oct 21 at 2:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Michigan Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial condominium offers approximately 2,200 square feet of retail or office space within Old World Village Plaza. The unit has recently been renovated, with a modern, updated interior designed to support a wide range of business uses.
The property is positioned in downtown Grand Blanc, within a well-established development that includes ample parking and strong neighboring businesses, supporting steady customer flow.
For buyers or tenants seeking an ownership or occupancy option in a maintained plaza setting, this space provides a versatile footprint with convenient access and visibility as part of the broader Old World Village Plaza community.
The property is positioned in downtown Grand Blanc, within a well-established development that includes ample parking and strong neighboring businesses, supporting steady customer flow.
For buyers or tenants seeking an ownership or occupancy option in a maintained plaza setting, this space provides a versatile footprint with convenient access and visibility as part of the broader Old World Village Plaza community.
Key Highlights
- Approximately 2,200 SF retail or office commercial condominium in downtown Grand Blanc
- Located in Old World Village Plaza
- Recently renovated unit with a modern, updated interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,236
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,720
$484.7K
Cap Rate 7%
$346,229
$346.2K
Cap Rate 9%
$269,289
$269.3K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$37.5K $17.04/SF
− Vacancy
−$5.2K −$2.35/SF
EGI
$32.3K $14.69/SF
− OpEx
−$8.1K −$3.67/SF
NOI
$24.2K $11.02/SF
Area
Genesee County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,720
Cap Rate 7%
$346,229
Cap Rate 9%
$269,289
Alternative Uses
Best Use
Office B
$346.2K
$303.0K – $403.9K
NOI $24,236 @ 7.0% cap · market cap 4.62%
Second Best
Retail
$326.3K
$285.5K – $380.6K
NOI $22,838 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$462.9K
$405.1K – $540.1K
NOI $32,406 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
Explore this area
Business Placement
Demographics for 48439, MI
51,719
Population
22,101
Households
2.3
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
949
Density / Sq Mi
$88,505
Median Household Income
$47,506
Median Earnings
$1,035
Median Rent
$250,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Recently renovated retail or office condominium within Old World Village Plaza, offering modern interior space and convenient access.
Where is this retail space located?
The property is located at D-11225 S Saginaw St Grand Blanc, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 2,200 SF retail or office commercial condominium in downtown Grand Blanc; Located in Old World Village Plaza; Recently renovated unit with a modern, updated interior
