Property profile

120 Clark St Albion, MI 49224

OFF-MARKET
Retail space
Property ID
US43-2595486
3,200 SF 0.79 ac lot
Individually Owned Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 3,200 SF
Lot 0.79 ac (34,412 SF)
Zoning code PR-1
APN 01-101-087-00
UPID US43-2595486

Cap rate & NOI

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

Location

120 Clark St Albion, MI 49224-1915
Albion metro Census 3400 BATTLE CREEK, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$230k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2017
$165,000
2016
Price N/A

Zoning & alternative use

PR-1 · Albion, MI

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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