Property profile

1820 Saginaw Rd Midland, MI 48640

OFF-MARKET
Retail properties & Spaces
90,100 SF 4.51 ac lot Built 1976
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Property summary

AI-generated overview

This exceptional retail opportunity presents a vacant, freestanding grocery store building totaling 90,100 square feet, situated on a sizable 4.51-acre lot in Midland, Michigan. The property, built in 1976, boasts ample parking with 357 surface spaces, catering to high customer traffic. Its strategic location within a dense retail corridor ensures excellent visibility and accessibility. Neighboring national retailers include Kroger, McDonald's, and Popeyes, among others, creating a strong retail synergy. The property benefits from a significant population base, with over 34,000 residents within a 3-mile radius and a projected population growth of +0.47% within a 1-mile radius over the next five years. Furthermore, a substantial daytime workforce of over 27,000 employees is located within a 3-mile radius, providing a large potential customer pool. Conveniently located just an 11.4-mile (19-minute) drive from MBS International Airport, this property offers unparalleled potential for a variety of grocery and retail uses. The property is currently vacant and available for immediate occupancy. Call for offers.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1976
Total area 90,100 SF
Lot 4.51 ac (196,456 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Pharmacy

Location

1820 Saginaw Rd Midland, MI 48640
Midland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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