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3058 N State Rd

11,995 SF 100% Leased Retail Building Davison, MI 48423 $1,039,701 CAD ($87 CAD/SF) 8.55% Cap Rate

Retail Buildings Michigan Davison 3058 N State Rd, Davison, MI 48423

Executive Summary

100% Leased State Rd ( M-15) Retail Plaza Mostly 3 or more year leases in place with modest bumps Gross Ann Rents 88k / 62k NOI.

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $126,408 $10.54
Other Income - -
Vacancy Loss - -
Effective Gross Income $126,408 $10.54
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $126,408
Annual Per SF $10.54
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $126,408
Annual Per SF $10.54
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts Under Contract

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,995 SF
Building Class
C
Year Built
1980
Price
$1,039,701 CAD
Price Per SF
$87 CAD
Cap Rate
8.55%
NOI
$88,912 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
2.00 AC
Zoning
CB - CB Local Commercial with Many Many Uses
Parking
40 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
180 ft on State Rd

Amenities

  • Pylon Sign
  • Signage
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PROPERTY TAXES

Parcel Number 16-34-300-032 Improvements Assessment $0 CAD (2024)
Land Assessment $0 CAD (2024) Total Assessment $485,020 CAD (2024)

PROPERTY TAXES

Parcel Number
16-34-300-032
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$485,020 CAD (2024)
(248) 535-7156

Contact

  • Listing ID: 32211590

  • Date on Market: 2024-06-21

  • Last Updated:

  • Address: 3058 N State Rd, Davison, MI 48423

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3058 N State Rd
(248) 535-7156 x

3058 N State Rd

Travis Cota

(248) 535-7156

(248) 535-7156

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