5038 Miller Rd Flint, MI 48507
- Lifestyle centers
- 66,000 SF
- 10.91 lot acres
Current Use by Public Records
- American Freight Furniture and Mattress / Bedroom Furniture Store / Children'S Furniture Store
- Nancy V. Ford, MSW / Counselor
- Ollie's Bargain Outlet / Discount Store / Mattress Store
- Mancino's Pizza & Grinders / Pizza Restaurant / Fast Food Restaurant
- CSL Plasma / Blood Donation Center
Property Details for 5038 Miller Rd
- Year built
- 1991
- Lot size
- 10.91 lot acres
- Property size
- 66,000 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 66,000 square foot shopping center, located at 5038 Miller Rd, Flint, MI 48507, presents a compelling investment opportunity. Built in 1991 and extensively renovated in 2020, the property sits on a sizable 10.91-acre lot and boasts a strong net operating income (NOI) of $408,164, yielding an attractive 12.18% cap rate. The asking price is $3,350,000. The property's Assumable Financing adds to its appeal. Detailed financial information is available upon request. The property's location in Genesee County, Michigan, offers excellent access to major transportation routes and a substantial consumer base. With its updated facilities and proven profitability, this shopping center represents a rare chance to acquire a well-established, high-performing retail asset. The property's APN is 07-29-679-006; 07-29-679-005; 07-29-679-004. This is an auction sale with a reserve price of $3,350,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Flint
- County
- Genesee
- State
- Michigan
- Longitude
- -83.7741
- Latitude
- 42.9777
