1806 Airport RdMidland, MI 48642

Property Details for 1806 Airport Rd

Year built

1997

Lot size

3.01 AC

Property size (Sq ft)

23,384 SF

Zone code

RC

Property type

Outlet malls

APN

11-32-40-165

APU

113240165

Description

This exceptional 23,500-square-foot retail property presents a rare opportunity in Midland, Michigan. Located at 1806 Airport Road, this former Office Max building offers a single-tenant occupancy configuration, ideal for a variety of retail uses. The property boasts a prime location on the main retail corridor of Eastman Avenue, benefiting from high visibility and significant daily traffic volume exceeding 48,864 vehicles. Its strategic placement on the pad of a Lowe's Home Improvement store ensures strong co-tenancy and increased customer traffic. The property includes a dedicated parking lot with over 120 spaces, providing ample convenience for customers and employees. Access is easily managed via a traffic-controlled entrance at the intersection of Airport Road and Eastman Avenue. The building is entirely vacant, presenting a blank canvas for a new tenant to customize and develop. Situated in Midland County, Michigan, with a zip code of 48642, this property offers unparalleled potential for a business seeking a high-profile location with exceptional accessibility and visibility. The property's size and location make it an attractive option for a variety of retail businesses seeking to establish a strong presence in the Midland market.

• CAP approach

  CAP return

  Valuation

  6%

  $5,884,496

  6.5%

  $5,431,843

  7%

  $5,043,854

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,512,095

  Geo Method

  $5,512,095

• Alternative Use

  Use

  Valuation

  Residential

  $4,581,962

  Hospitality

  $4,197,053

  Educational

  $3,491,899

  Medical

  $3,611,991

  Retail

  $5,431,843

Location Insight

City

Midland

County

Midland

State

Michigan

Latitude

43.6579

Longitude

-84.2489

CBSA code

33220

CBSA name

MIDLAND, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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