8531 Lansing Rd Durand, MI 48429

This exceptional 11,082-square-foot retail property, formerly a Rite Aid, presents a compelling investment opportunity in Durand, Michigan. Located at 8531 Lansing Rd, in Shiawassee County (zip code 48429), this single-story building sits on a 1.57-acre lot and boasts a convenient drive-thru. Completely renovated in 2021, the property offers an open layout with excellent visibility, ideally suited for a variety of retail uses. Its prime location just off I-69, strategically positioned between Owosso and Flint, ensures high traffic and accessibility. The asking price is $2,500,000, translating to $225.59 per square foot. The property is available as an absolute NNN lease, and while currently vacant, its adaptable design allows for single-tenant occupancy or potential division for multiple tenants. The building was originally constructed in 1998 and benefits from its proximity to the Dutch Hollow Golf Club. This presents a rare chance to acquire a well-maintained, high-traffic retail space in a thriving Michigan community. The property's size and location make it an excellent choice for retail expansion or a new venture. This is a ground lease opportunity.