Saginaw County Northville, MI 48167
- Lifestyle centers
- 25,000 SF
- 1.50 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 0 Saginaw County
- Lot size
- 1.50 lot acres
- Property size
- 25,000 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 25,000 square foot, four-unit retail plaza situated on a 1.5-acre lot in Northville, Michigan (Saginaw County, zip code 48167). The property, built in 2018 and boasting 100% occupancy, features a well-established national brand tenant in a convenience store and gas station configuration. This anchor tenant contributes significantly to the property's strong financial performance, with the convenience store generating substantial revenue from groceries, beer, wine, spirits, and lottery sales (one of the highest in the area). Two additional smaller businesses lease the remaining units. The property's Class C designation reflects its solid, established nature. The asking price is $2,050,000, translating to $82 per square foot. The property is zoned for commercial use and offers significant upside potential. The ample lot size presents opportunities for expansion, such as adding a gas station or car wash, given its prime location on a high-traffic road with a traffic light. Owner financing may be available to qualified buyers. This is an owner/user opportunity with rental income offsetting expenses, making it an attractive passive or active investment. The property is organized as an LLC.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Northville
- County
- Saginaw
- State
- Michigan
- Longitude
- -83.4832
- Latitude
- 42.4313
