690 State Rd, Vassar, MI 48768-9209
This exceptional retail opportunity presents a vacant 7,480 square foot freestanding building situated on a substantial 2.51-acre lot in Vassar, Michigan. Located on State Road (M-15), this property boasts high visibility and accessibility, ensuring significant foot and vehicle traffic. Previously occupied by a Family Dollar store, the building offers a spacious 100' x 70' footprint, providing ample room for a variety of retail uses. The asking price is $385,000, translating to a price per square foot of $73.53. The property's large lot size presents significant expansion potential, allowing for future growth and development. This is an ideal location for a grocery store or other high-traffic retail business seeking a prominent presence in a thriving community. The property is currently vacant, providing immediate occupancy for the new owner. The address is 690 State Road, Vassar, MI 48768, within Tuscola County. This is a rare opportunity to acquire a well-located, sizable retail property with significant upside potential. The property consists of one unit.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.