Property profile

2121-2231 Mission St Mount Pleasant, MI 48858

OFF-MARKET
Lifestyle centers
238,693 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Lifestyle centers
Total area 238,693 SF

Cap rate & NOI

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

Location

2121-2231 Mission St Mount Pleasant, MI 48858
Mount Pleasant metro
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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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