Entity Owned Property summary
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
VerifiedCap rate & NOI
Current use
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Gas Station
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Car Wash
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Atm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
General Business District is intended to provide for a diverse mix of retail business and services in areas which abut major thoroughfares. Uses within the Commercial District tend to be more automobile-dependent.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C · Albion, MIGeneral Business District is intended to provide for a diverse mix of retail business and services in areas which abut major thoroughfares. Uses within the Commercial District tend to be more automobile-dependent.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
General Business District is intended to provide for a diverse mix of retail business and services in areas which abut major thoroughfares. Uses within the Commercial District tend to be more automobile-dependent.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C in Albion, MI.
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