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    FOR SALE
    Drug stores

    8531 Lansing Rd, Durand, MI 48429

    11,100 SF 1.57 ac lot Built 1998
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US43-2026490
    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. The open layout provides flexibility for various retail configurations, and the property's prominent positioning ensures strong customer attention. The 1.57 acres of land offer ample space for parking and potential future expansion. While currently configured for a single tenant, the space could potentially be subdivided to accommodate multiple businesses. This adaptable design and prime location make it an ideal choice for businesses seeking a high-traffic, easily accessible retail space in a thriving Michigan community. The property is ready for immediate occupancy and offers a unique chance to establish a successful retail presence in a desirable market. Interested parties are encouraged to inquire for further details and leasing options.

    Property profile
    Verified
    Property type Drug stores
    Use group DRUG STORE, PHARMACY
    Year built 1998
    Total area 11,100 SF
    Lot 1.57 ac (68,389 SF)
    Zoning code C-2
    APN 020-82-104-001
    UPID US43-2026490
    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
    • Rite Aid Pharmacy Pharmacy
    • Rite Aid Pharmacy
    • Western Union Bank Credit Union
    • higi Physician
    • Coinhub Bitcoin ATM Teller Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Mk-menlo Property Owner LLC · 7 yrs held
    Mk-menlo Property Owner LLC
    since 2019
    2 recorded transactions
    2019
    1969
    Zoning & alternative use
    C-2 · Durand, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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