For Sale
$2,050,000

Saginaw County Northville, MI 48167

Four-unit retail plaza, high-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 25,000 square foot, four-unit retail plaza situated on a 1.5-acre lot in Northville, Michigan (Saginaw County, zip code 48167). The property, built in 2018 and boasting 100% occupancy, features a well-established national brand tenant in a convenience store and gas station configuration. This anchor tenant contributes significantly to the property's strong financial performance, with the convenience store generating substantial revenue from groceries, beer, wine, spirits, and lottery sales (one of the highest in the area). Two additional smaller businesses lease the remaining units. The property's Class C designation reflects its solid, established nature. The asking price is $2,050,000, translating to $82 per square foot. The property is zoned for commercial use and offers significant upside potential. The ample lot size presents opportunities for expansion, such as adding a gas station or car wash, given its prime location on a high-traffic road with a traffic light. Owner financing may be available to qualified buyers. This is an owner/user opportunity with rental income offsetting expenses, making it an attractive passive or active investment. The property is organized as an LLC.

Highlights

  • High-traffic corner location with traffic signal.
  • National brand tenant with long-term lease.
  • High-volume convenience store/liquor store (top performer in the area).
  • Positive cash flow from rental income.
  • Expansion potential: add gas station or car wash on large lot.
  • Owner financing may be considered.

Property Details for 0 Saginaw County

Property type
Lifestyle centers, Power centers
Square Feet
25,000 SF
Class
C
Year Renovated
2018
Buildings
1
Stories
1
Lot Size (sq. ft)
65,340 SF
Units
4

Location Insight

City
Northville
County
Saginaw
State
Michigan
Latitude
42.4312595
Longitude
-83.483215

FAQs

What type of property is this?
Lifestyle center - Four-unit retail plaza, high-traffic location.
Where is the lifestyle center located?
The property is located at Saginaw County Northville, MI.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: High-traffic corner location with traffic signal.; National brand tenant with long-term lease.; High-volume convenience store/liquor store (top performer in the area).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
0 Saginaw County
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message