Property profile

690 State Rd Vassar, MI 48768

OFF-MARKET
Commercial real estate
Property ID
US43-2024102
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 020-018-000-3515-04
UPID US43-2024102

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

690 State Rd Vassar, MI 48768-9209
Vassar metro Census 900
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2025
Last sale
$225,000
3 recorded transactions
2025
$225,000
2014
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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