6801 Eastman AveMidland, MI 48642

Property Details for 6801 Eastman Ave

Year built

1988

Lot size

3.19 AC

Property size (Sq ft)

26,485 SF

Zone code

RC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

11-32-30-010

APU

113230010

Description

This exceptional retail opportunity is located at 6801 Eastman Avenue in Midland, Michigan, 48642. The property boasts a total of 36,000 square feet within a single building, situated in a high-visibility location directly off US-10. Currently, there are 12,000 square feet of vacant space available, divisible into units ranging from a minimum of 2,000 square feet to a maximum contiguous space of 10,000 square feet. The property is classified as a street retail, strip center, and neighborhood center, offering excellent exposure and accessibility. This prime location benefits from a strong tenant mix, including established businesses such as Doctors of Physical Therapy, Miracle Ear, Tropical Smoothie, Marines & Maui Tan. The property also enjoys high-profile neighbors, including major retailers like JC Penney, Olive Garden, AT&T, PetSmart, Pure Sleep Mattress Store, Staples, Applebee's, and Burger King, ensuring high foot traffic and brand recognition. The property's APN is 11-32-30-010, and it's located in Midland County, Michigan. This presents a unique chance to establish or expand a business in a thriving retail environment with significant potential for growth and success. The property is ideal for a variety of retail or restaurant uses.

• CAP approach

  CAP return

  Valuation

  6%

  $6,664,852

  6.5%

  $6,152,170

  7%

  $5,712,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,243,066

  Geo Method

  $6,243,066

• Alternative Use

  Use

  Valuation

  Residential

  $5,189,586

  Hospitality

  $4,753,633

  Educational

  $3,954,967

  Medical

  $4,090,984

  Retail

  $6,152,170

Location Insight

City

Midland

County

Midland

State

Michigan

Latitude

43.6598

Longitude

-84.2484

CBSA code

33220

CBSA name

MIDLAND, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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