Property profile

6961 Michigan Ave Saline, MI 48176

OFF-MARKET
Retail space
Property ID
US43-1234124
10,420 SF 2.88 ac lot Built 2007
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,000 square foot retail space, situated in a vibrant strip mall off Michigan Avenue and S State St, presents a unique opportunity for a quick-service restaurant or café. Built in 2007, this single-tenant property boasts a highly desirable drive-thru, ensuring convenient customer access. The bright and inviting interior features abundant natural light, a spacious prep and storage area, a walk-in refrigerator, and two restrooms. The property's excellent visibility is enhanced by prominent signage opportunities on both Michigan Avenue and the building façade, capitalizing on the high traffic volume of 24,000 vehicles daily. Located alongside established businesses such as O'Reilly Auto Parts and a Chase Bank drive-up ATM, the property offers ample parking for both customers and employees, with additional rear parking available. The convenient location near downtown Saline, US-23, and established residential neighborhoods makes this a truly exceptional opportunity. The property is move-in ready and zoned C-2, encompassing a total building area of 10,304 square feet, with 3,000 square feet currently vacant. The single-story building sits on a parcel with APN 12-28-300-030. This is an ideal location for a business seeking high visibility and convenient access in a thriving community.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Total area 10,420 SF
Lot 2.88 ac (125,453 SF)
APN L -12-28-300-030
UPID US43-1234124

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • Atm

Location

6961 Michigan Ave Saline, MI 48176-8918
Saline metro Census 416200 ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.58M
Blend (final) Blend
$1.58M

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2017
Price N/A
2011
$2.0M
2009
Price N/A
2007
Price N/A
2007
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $1.6M +31.0%
Commercial (general) $1.5M +24.4%

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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