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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1355 Eaton St, Albion, MI 49224-1040
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-2250939
Property summary
AI-generated overview
This 2,428 square foot retail building, located at 1355 N Eaton St, Albion, MI 49224, is available for $899,000 ($370.26/sq ft). Completely renovated in 2024, this single-story building sits on a 1.07-acre lot and features 20 parking spaces. The property is zoned B4 and boasts a prime location near downtown Albion and minutes from a local college. Surrounding businesses include McDonald's, Taco Bell, Pizza Hut, a Ford dealership, and a Speedway gas station, indicating high traffic and visibility. The building's previous use was a convenience store/grocery store, and while suitable for similar ventures, a deed restriction prohibits the establishment of a gas station. The deep lot offers significant potential for expansion or additional uses. The building's 1958 construction has been completely modernized with the 2024 renovation. This is a fantastic opportunity for an investor seeking a well-located, recently renovated retail space in a thriving area. The property's APN is 5100591500.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1958
Total area
2,428 SF
Lot
1.07 ac (46,609 SF)
Zoning code
C
APN
51-005-915-00
UPID
US43-2250939
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
-
Sunoco Gas Station
-
bp Car Wash
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fuad Oinvestments LLC · 1 yrs held
Fuad Oinvestments LLC
since 2024
Last sale
$270,000
5 recorded transactions
Zoning & alternative use
C · Albion, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albion submarket · NOI estimate · typical band, median & reading
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8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
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Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$6,397
Tax year 2022
Assessed value
$108,900
Assessed 2024
Previous assessed
$123,100
-11.5% YoY
Effective rate
5.87%
On assessed value
Total market value
$217,800
Applied tax rate
13,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1958
Heating
FORCED AIR
Stories
1
Total area
2,428 SF
Lot
1.07 ac (46,609 SF)
Zoning code
C
APN
51-005-915-00
UPID
US43-2250939
Jurisdiction
CALHOUN
Zoning & alternative use
C · Albion, MI
Zoning C · permitted uses
C · Albion, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albion. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1958
Heating
FORCED AIR
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Fuad Oinvestments LLC
Entity
Mailing address
1355 N EATON ST, ALBION, MI 49224-1040
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
$270,000
Fuad Oinvestments LLC
Z & M Property Holdings LLC
Warranty Deed
$475,000 · Marathon Flint Oil Company
Dec 23, 2024
—
Fuad Investments LLC
—
Deed
related
$50,000 · Marathon Flint Oil Company
Aug 28, 2024
$400,000
Z & M Property Holdings LLC
Convenience Stores Leasing & Mgmt L
Warranty Deed
—
Aug 30, 2022
—
Z & M Property Holdings LLC
Convenience Stores Leasing & Mgmt L
Land Contract
—
Jun 15, 2010
$100,000
Convenience Stores Leasing & Manage
Rakhra Michigan E Z Go Stations Thr
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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