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Property profile & analytics
FOR SALE
Commercial real estate

1252 N Ballenger Hwy Flint, MI 48504

3,419 SF 0.34 ac lot Built 1970
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US43-1231459
Property summary
AI-generated overview

This exceptional commercial property, located at 1252 N Ballenger in Flint, Michigan, presents a unique investment opportunity. The 3,419 square foot building sits on a 0.34-acre lot, measuring 150 feet by 100 feet, and is zoned for commercial use. Built in 1970, this single-story structure currently operates as a restaurant, offering significant potential for continued success or adaptation to other retail uses given its mixed-use designation. The asking price is $600,000, translating to $175.49 per square foot. The property boasts convenient access to public utilities, including municipal water and public sewer, both located at the street. Heating is provided by a forced-air system fueled by natural gas, as is the water heater. An estimated 150 square feet of the building is dedicated to office space, supplementing the main restaurant area. This well-situated property in Genesee County, Michigan (zip code 48504), offers a compelling blend of established infrastructure and significant upside potential for the discerning investor. The property's location and size make it an ideal candidate for a variety of commercial ventures.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Total area 3,419 SF
Lot 0.34 ac (14,985 SF)
APN 07-11-551-007
UPID US43-1231459
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Niko's Family Diner Restaurant
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Smd Real Estate Holdings LLC · 2 yrs held
Smd Real Estate Holdings LLC
since 2023
Last sale
$500,000
5 recorded transactions
2023
Price N/A
2023
$500,000
2022
Price N/A
2017
Price N/A
2014
$400,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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