2121-2231 Mission St, Mount Pleasant, MI 48858
This Hobby Lobby-anchored shopping center in Isabella County is undergoing redevelopment, boasting a total of 238,693 square feet. Currently, 44,362 square feet of retail space is available, divisible into units ranging from 2,120 to 26,532 square feet. The center benefits from a highly desirable location directly across from Central Michigan University, one of Michigan's largest universities with over 20,000 students, ensuring a substantial customer base. Recent additions of Burlington (opened August 2022) and the upcoming Rally House (opening Summer 2023) have significantly increased foot traffic and visibility. The property enjoys excellent exposure and accessibility, featuring three direct access points to Mission Street, a major retail corridor with a daily traffic count of 21,416 vehicles. This presents a unique opportunity for businesses seeking high-traffic retail space in a thriving university town. The ongoing redevelopment further enhances the property's appeal and potential for growth. Five spaces are currently available.
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.