Renovated Retail or Office
D-11225 S Saginaw St Grand Blanc, MI 48439
D-11225 S Saginaw St, Grand Blanc, MI, 48439
$550,000
For Sale
$550,000
Recently renovated retail or office condominium within Old World Village Plaza, offering modern interior space and convenient access.
Property Size2,200 SF
Price / SF$250
Days on Market60
Property Features for D-11225 S Saginaw St
General Information
- Standard status
- Active
- Size
- 2,200 SF
Listing agency
BHHS Michigan Real Estate
(616) 364-9551
Listed by
Jonathan Crane · License #6504431857
(616) 364-9551
Source
Exprealty
Added: May 24 Updated: Jul 22 at 10:39AM Checked: Jul 22 at 10:39AM
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
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
Local Financial Insights For Office B
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 | $37.5k | $17.04 |
| − Vacancy | −$5.2k | −$2.35 |
| EGI | $32.3k | $14.69 |
| − OpEx | −$8.1k | −$3.67 |
| NOI | $24.2k | $11.02 |
2,200 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$346.2K
$303.0K – $403.9K
NOI $24,236 @ 7.0% cap · market cap 4.41%
Second Best
Retail
$326.3K
$285.5K – $380.6K
NOI $22,838 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$462.9K
$405.1K – $540.1K
NOI $32,406 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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 $550,000.
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
