Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6961 Michigan Ave Saline, MI 48176-8918
    Property profile & analytics

    6961 Michigan Ave Saline, MI 48176-8918

    View on Map
    • Retail space
    • 10,420 SF
    • 2.88 lot acres
    Off-Market
    Property ID
    US43-1234124
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,575,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • BIGGBY Coffee / Cafe & Coffee Shop
    • Chase ATM / Atm

    Property Details for 6961 Michigan Ave

    Year built
    2007
    Lot size
    2.88 lot acres
    Property size
    10,420 SF
    Property type
    Retail space
    APN
    L -12-28-300-030
    APU
    L1228300030

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,575,000
      Market price range: $739k - $1.58M
      AI Estimate
      $1,575,000
      Market price range: $739k - $1.58M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,200,000
      Current use
      OFFICE BUILDING
      $1,570,000
      Change: +31% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,490,000
      Change: +24% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saline
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7345
    Latitude
    42.1861
    CBSA code
    11460
    CBSA name
    ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $69,430
    $0.00
    $0.00
    $1,478,352
    -
    $0.00
    $0.00
    $2,956,704

    Comparable in this City

    • Value Estimation
      $705,000
      4,652 SF

      7370 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,652 SF
      7370 Michigan Ave, Saline, MI 48176-9093
      View Details
    • Value Estimation
      $1,560,000
      6,000 SF

      6400 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      6400 Michigan Ave, Saline, MI 48176-9510
      View Details
    • Value Estimation by Request
      4,310 SF

      6983 Michigan Ave

      FINANCIAL BUILDING • 4,310 SF
      6983 Michigan Ave, Saline, MI 48176-8918
      View Details
    • Value Estimation by Request
      2,269 SF

      7030 Michigan Ave

      FINANCIAL BUILDING • 2,269 SF
      7030 Michigan Ave, Saline, MI 48176-9514
      View Details
    • Value Estimation
      $545,000
      4,088 SF

      6139 Saline Ann Arbor Rd

      CONVENIENCE STORE • 4,088 SF
      6139 Saline Ann Arbor Rd, Saline, MI 48176-8805
      View Details
    • Value Estimation by Request
      3,000 SF

      6999 Michigan Ave

      CONVENIENCE STORE • 3,000 SF
      6999 Michigan Ave, Saline, MI 48176-9515
      View Details

    Similar Nearby for Sale

    • $1,000,500
      4,594 SF

      Downtown Saline Mixed-Use Property

      Updated mixed-use property in downtown Saline featuring retail and residential.
      100 S Ann Arbor St, Saline, MI 48176
      View Details
    • Contact for pricing
      1,000 SF

      Turn-Key Salon Near Michigan Ave

      Salon in prime location near downtown Saline. No lease.
      123 Keveling Dr, Saline, MI 48176
      View Details
    • $250,000
      0.48 Acres

      Saline Commercial Development Opportunity

      Vacant commercial land for development in Saline, Michigan.
      7608 E Michigan Ave, Saline, MI 48176
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Saline Retail/Office Space Available

      High-visibility location suitable for office, business services, and retail.
      901 W Michigan Ave, Saline, MI 48176
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Saline, Michigan.
      7025 E Michigan Ave, Saline, MI 48176
      View Details
    • $2,000 /Mo

      Commercial Space on Michigan Avenue

      Commercial building with three units available for rent.
      731 W Michigan Ave, Saline, MI 48176
      View Details
    • Contact for pricing

      Versatile Commercial Space Available

      Flexible commercial space with warehouse and office near major routes.
      1300 Tefft Ct, Saline, MI 48176
      View Details
    • Contact for pricing

      Saline Office/Industrial Space for Lease

      Renovated office and industrial space in Redies Business Park.
      905 Woodland Dr E, Saline, MI 48176
      View Details
    • $14 SF/Yr
      12,100 SF

      New Industrial Suites Available Soon

      New industrial suites for lease, completion estimated June 2026.
      6971 N Maple Rd, Saline, MI 48176
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6961 Michigan Ave
    Saline, MI 48176-8918
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6961 Michigan Ave, Saline, MI, 48176
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!