557 N Cedar St - Drug Store FOR SALE
Imlay City, MI 48444 |
$1,118,000 USD
843-510-0551
557 N Cedar St
Imlay City, MI 48444
HIGHLIGHTS
- Former Rite Aid - Freestanding Retail Building With Drive-Thru
- Signalized Corner Location at a Highly Visible Intersection on North Cedar Street With Exposure to 18,000 Vehicles Per Day
- Strong Site Fundamentals & a Well-Maintained Building Sitting on a 1.13 Acre Lot, Built in 1997
- Potential For a Loyal Customer Base With Minimal Retail Competition
- Nearby Tenants Include: PNC Bank, Goodwill, Subway, Family Dollar, Mexican Restaurant, Marathon Gas
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 11,180 SF Former Rite Aid Located at 557 North Cedar St in Imlay, MI. This Opportunity Features Strong Site Fundamentals & a Well- Maintained Building Situated on a 1.13 Acre Lot, Built in 1997, With Potential for a Loyal Customer Base Due to Minimal Retail Competition.
IN COOPERATION WITH: Sands Investment Group Michigan, LLC - Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman - MI Lic. # 6502424113
FOR SALE DETAILS
PRICE
$1,118,000 USD
PRICE/SF
$100 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Owner User
BUILDING DETAILS
PROPERTY NAME
Former Rite Aid - Imlay, MI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
34
LAND DETAILS
LAND ACRES
1.13 AC
LAND SF
49,223 SF
ZONING
CM
APN/PARCEL ID
I19-77-400-000-01
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843-510-0551
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843-510-0551
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