1820 Saginaw Rd, Midland, MI 48640
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.
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Lori J. Gilbert, RPh Pharmacy
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Madeline R. Bahling, RPH Pharmacy
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.