120 Clark St, Albion, MI 49224-1915
This exceptional retail property at 120 S Clark Street in Albion, Michigan presents a unique investment opportunity. The building, a former pharmacy, boasts a highly desirable location near Albion College, ensuring consistent foot traffic and visibility. The 3,200 square foot free-standing structure features a convenient drive-thru, adding significant operational efficiency and customer convenience. Beyond the main floor, substantial additional storage space is available in the basement, approximately 3,000 square feet, providing ample room for inventory, supplies, or other operational needs. The property sits on a 0.39-acre lot, offering ample parking and potential for future expansion or outdoor amenities. The asking price for this turnkey retail space is $250,000. The property's APN is 01-101-087-00, located in Calhoun County, Michigan, zip code 49224. This is an ideal opportunity for a variety of retail businesses seeking a well-established location with significant existing infrastructure. The property's proximity to Albion College makes it particularly attractive to businesses catering to students and the local community. The combination of prime location, ample space, and convenient drive-thru makes this a truly compelling investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
PR-1 · Albion, MIAlbion. Always verify with local authorities before improvements.
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.