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Property profile & analytics
FOR SALE
Commercial real estate

5488 Richfield Rd Flint, MI 48506

16,370 SF 0.95 ac lot Built 1993
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US43-1583140
Property summary
AI-generated overview

This exceptional industrial property in Flint, Michigan, presents a unique opportunity for expansion or relocation. The offering encompasses two buildings totaling 16,370 square feet on a 0.95-acre lot. The first building, a 7,500-square-foot retail/office space, features a large showroom, executive offices, four bathrooms, and the potential for division into individual suites. Additional storage is also included. The second building is a fully heated and insulated 8,680-square-foot warehouse, ideal for various industrial uses. This warehouse boasts 12-foot overhead doors, three furnaces, a restroom, energy-efficient LED lighting, a 26x10 loft area, hot water, and a newly installed roof. Smart security and smart thermostats enhance efficiency and security. Internal partition doors allow for flexible zoning, dividing the space into three distinct areas as needed. Both buildings feature new exterior paint. The property also includes a substantial concrete parking lot providing ample parking. Benefit from excellent visibility and signage on a Class A road with a daily traffic count of 9,500 vehicles. Conveniently located just 2.5 miles from I-69, this property offers unparalleled access to major transportation routes. This is a turnkey opportunity for businesses seeking a strategic location and substantial space to grow. Priced at $1,300,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1993
Total area 16,370 SF
Lot 0.95 ac (41,469 SF)
Zoning code C-2 HWY COMM
APN 11-35-400-012
UPID US43-1583140
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
  • Kearsley Kone Grocery & Convenience Store Specialty Food Shop
  • Envy Divine Boutique Clothing & Fashion Store
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
Envy & Divine LLC · 5 yrs held
Envy & Divine LLC
since 2021
2 recorded transactions
2021
Price N/A
2007
Price N/A
Zoning & alternative use
C-2 HWY COMM · Flint, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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