Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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