For Sale
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Property summary
This exceptional 11,215 square foot freestanding retail building presents a compelling investment opportunity in the thriving city of Portland, Michigan. Located at 1339 E Grand River Avenue, this property boasts a highly desirable location just north of the I-96/E Grand River Avenue interchange, ensuring convenient access to major highways and a large customer base. The building's former use as a Rite Aid pharmacy highlights its suitability for a variety of retail uses, and its existing drive-thru capability adds significant operational flexibility. Ample on-site parking is available for customer convenience, complemented by prominent pylon and building signage for enhanced visibility. The property benefits from a strong retail environment, surrounded by established national brands such as McDonald's, Speedway, Family Dollar, Arby's, Taco Bell, AutoZone, and Verizon, among others. This strategic location and impressive features make this property an ideal investment for discerning buyers seeking a high-traffic, easily accessible retail space in a growing market. The asking price for this exceptional retail property is $1,750,000. The property is situated in Ionia County, Michigan, with a zip code of 48875. Its prime location offers excellent visibility and accessibility, making it an attractive proposition for a wide range of retail businesses. The building's size and features provide ample space for various retail operations, while the existing infrastructure minimizes upfront investment costs.
Property profile
VerifiedCap rate & NOI
Current use
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Pharmacy
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Pharmacy
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Pharmacy
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Bank Credit Union
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C3 · Portland, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for C3 in Portland, MI.
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Find the owner behind the property.
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