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Property profile & analytics
FOR SALE
Retail space
715 S Clinton St, Grand Ledge, MI 48837
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US43-2302277
For Sale
1 / 12
$1,350,000
715 S Clinton St, Grand Ledge, MI 48837
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Property summary
AI-generated overview
This exceptional 11,080 square foot freestanding retail building, formerly a Rite Aid, is available for $1,499,000. Located at 715 S Clinton St in Grand Ledge, Michigan (48837), this property sits on a prominent 1.58-acre corner lot (203' x 222') in a high-traffic area. The B-1 zoning allows for multi-use capabilities, making it ideal for a variety of retail or redevelopment opportunities. The building features a drive-thru and substantial parking, complementing its convenient location near established retailers such as Meijer, McDonald's, and Dollar Tree. The property is vacant and immediately available. Annual property taxes are $30,985.31, and there is an approximate $400 monthly condo association fee. South Clinton Street boasts a daily traffic count of 12,775 vehicles, ensuring high visibility and accessibility for your business. This turn-key ready property presents a compelling investment opportunity in a thriving commercial area. The price per square foot is $135.29.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
10,000 SF
Lot
1.58 ac (68,651 SF)
Zoning code
B-1
APN
400 063 605 001 02
UPID
US43-2302277
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kingsley Aboagye, RPH Pharmacy
-
Theresa M. Weaver, MA Pharmacy
-
Bruce J. Butkovich, RPH Pharmacy
-
Hew and Hue Furniture & Home Goods Home Decor Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$611k
Blend (final)
Blend
$610k
Owner & transaction history
715 Saginaw LLC
715 Saginaw LLC
since 2026
1 recorded transaction
Zoning & alternative use
B-1 · Grand Ledge, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$775,000
+86.4%
Auto repair, garage
$615,000
+48.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grand Ledge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Ledge submarket · NOI estimate · typical band, median & reading
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8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$415,000
Current use
OFFICE BUILDING
$775,000
Change: +86% · Conversion: Easy
AUTO REPAIR, GARAGE
$615,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$61 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$58,948
Tax year 2023
Assessed value
$573,400
Assessed 2024
Previous assessed
$551,400
+4.0% YoY
Effective rate
10.28%
On assessed value
Total market value
$1,146,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1998
Heating
FORCED AIR
Stories
1
Total area
10,000 SF
Lot
1.58 ac (68,651 SF)
Zoning code
B-1
APN
400 063 605 001 02
UPID
US43-2302277
Jurisdiction
EATON
Zoning & alternative use
B-1 · Grand Ledge, MI
Zoning B-1 · permitted uses
B-1 · Grand Ledge, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Ledge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$415,000
OFFICE BUILDING
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$615,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
FORCED AIR
Stories
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
715 Saginaw LLC
Entity
Mailing address
TAX DEPT STORE DEPT #1530, HARRISBURG, PA 17105
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2026
—
715 Saginaw LLC
—
Deed
related
$617,500
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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