Property profile

5990 Sashabaw Rd Clarkston, MI 48346

FOR LEASE
Grocery and convenience stores
Saved · see the list in your Dashboard
Property ID
US43-1295275
60,282 SF 5.87 ac Built 2003
Last sale Jun 2022
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

Independence Square is a retail shopping center anchored by Kroger, located in the northeast quadrant of the intersection of Maybee Road and Sashabaw Road. The center serves surrounding communities including Independence Township, Clarkston, Lake Angelus, Springfield, Waterford, and Lake Orion. Road traffic counts in the immediate area include approximately 13,746 vehicles per day on Sashabaw Road and approximately 13,126 vehicles per day on Maybee Road.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$97k
Tax billed · 2023
Assessed value · 2024$2.04M
Assessed land$580k
Assessed improvement$1.46M
Effective rate4.76%

Value estimate

· Nov 2026
$4.75M
$4.27M – $5.22M
Submarket $/SF estimate$5.21M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$169/SF
County average, outlier-cleaned · 385 recorded sales of this use type
Observed band · Q1–Q3$79 – $263

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm24.9
Building Supply24.3
Wholesale Shop22.6

Location

5990 Sashabaw Rd Clarkston, MI 48346
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5750 Baypointe, Clarkston, MI 48346-3192 $2,648,700 May 2024 5,907 SF
6167 White Lk, Clarkston, MI 48346-2070 $2,025,000 Apr 2024 80,974 SF
5529 Sashabaw, Clarkston, MI 48346-3147 $1,700,000 Mar 2024 17,264 SF
27 Main, Clarkston, MI 48346-1525 $550,000 Aug 2023 5,320 SF
6756 Dixie, Clarkston, MI 48346-2189 $510,000 Aug 2023 8,312 SF
5480 Sashabaw, Clarkston, MI 48346-3873 $1,081,500 Feb 2020 6,019 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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