Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
PR-1 · Albion, MIZoning
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Zoning designation
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