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    FOR SALE
    Commercial real estate

    8542 State Rd, Millington, MI 48746

    0.68 ac lot
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-2124784
    Property summary
    AI-generated overview

    This exceptional 18,000 square foot vacant grocery store presents a remarkable opportunity for entrepreneurs in Millington, Michigan. Located at 8542 State Rd, this property boasts high visibility in a bustling residential area, ensuring significant foot traffic. Built in 1960 and extensively renovated in 2015, the building is well-maintained and ready for immediate occupancy. The spacious interior offers ample room for a diverse range of retail ventures, making it ideal for a new grocery store or a similar commercial enterprise. The property sits on a 0.68-acre lot, providing ample space for parking and potential expansion. The permitted zoning is commercial, ensuring flexibility for various business types. The asking price is $199,900, and the seller is open to negotiating the inclusion of existing interior fixtures and free-standing equipment. The property's APN is 041500112010000. This is a turnkey opportunity to establish a thriving business in a prime location. The property is vacant and ready for immediate possession. Serious inquiries are encouraged. Buyer to verify all information.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.68 ac (29,621 SF)
    APN 041-500-112-0100-00
    UPID US43-2124784
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Srtp Investments LLC · 1 yrs held
    Srtp Investments LLC
    since 2024
    2 recorded transactions
    2024
    2005
    $500,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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