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Financial
Distress signals
Property profile

8531 Lansing Rd Durand, MI 48429

FOR SALE
Drug stores
Property ID
US43-2026490
11,100 SF 1.57 ac lot Built 1998
Last sale Apr 2014 · $2,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional retail property in Durand, Michigan, presents a significant leasing opportunity. Located at 8531 Lansing Rd, 48429, this single-tenant building offers 11,082 square feet of well-maintained space. Formerly a Rite Aid pharmacy, the property boasts a convenient drive-thru, enhancing its appeal to a wide range of potential tenants. The building's strategic location just off the freeway ensures high visibility and accessibility, maximizing exposure to a substantial customer base.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$40k
Tax billed · 2024
Assessed value$561k
Effective rate7.11%

Value estimate

· Oct 2026
$2.31M
$2.08M – $2.54M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
General categoryCOMMERCIAL
JurisdictionSHIAWASSEE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.3
Wholesale Shop12.1
Restaurant10.8

Location

8531 Lansing Rd Durand, MI 48429
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
215 Saginaw, Durand, MI 48429-1185 $90,000 Feb 2025 4,500 SF
116 Saginaw, Durand, MI 48429-1164 $136,477 Jul 2023 2,160 SF
9090 Lansing, Durand, MI 48429-1002 $1,490,000 Mar 2023 15,000 SF
218 Main, Durand, MI 48429-1612 $8,000 Nov 2021 4,392 SF
811 Oak, Durand, MI 48429-1647 $125,000 Oct 2021 10,218 SF
122 Saginaw, Durand, MI 48429-1298 $61,000 Feb 2020 4,190 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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