4245 Court StBurton, MI 48509

Property Details for 4245 Court St

Year built

1989

Lot size

16.84 AC

Property size (Sq ft)

138,232 SF

Property type

Commercial real estate

APN

59-10-300-013

APU

5910300013

Description

This exceptional 135,170 square foot shopping center in Burton, Michigan, presents a compelling investment opportunity. Located at 4245 E Court St, 48509, this multi-tenant property boasts a strong occupancy rate of 89% and a substantial net operating income (NOI) of $1,131,068. The center features a diverse mix of national tenants including Harbor Freight, Burlington Coat Factory, Big Lots, Michaels, and Five Below, providing a stable and consistent revenue stream. Built in 1989 and situated on a 16.84-acre lot, the property is zoned C-4, allowing for flexibility and potential future development. The asking price is $8,800,000, translating to $65.10 per square foot, significantly below replacement cost. Recent leasing activity has secured new long-term national tenants, further enhancing the property's value and potential for future growth. The center benefits from a Home Depot shadow anchor and improved infrastructure, contributing to its strong performance and attractive investment profile. Significant upside potential exists through value-add opportunities and interested leasing prospects. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $27,085,780

  Hospitality

  $24,810,428

  Educational

  $20,641,986

  Medical

  $21,351,894

  Retail

  $32,109,754

Location Insight

City

Burton

County

Genesee

State

Michigan

Latitude

43.0203

Longitude

-83.6278

CBSA code

22420

CBSA name

FLINT, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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