901 W Michigan Ave - Freestanding FOR SALE


Saline, MI 48176
$1,565,000 USD
248-226-1610
901 W Michigan Ave, Saline, MI for Sale
$1,565,000 USD
Freestanding - FOR SALE
1/1
null | Request Cap Rate

901 W Michigan Ave
Saline, MI 48176


HIGHLIGHTS

  • Approximately 2.96-acre parcel with potential for future pad development
  • Strong local demographics and walkable residential base driving steady consumer activity
  • Generous surface parking and easy dual access via Michigan Avenue and Riveroaks Blvd

OVERVIEW

Plaza West Shopping Center presents an attractive investment opportunity in the thriving city of Saline, Michigan. Strategically positioned along Michigan Avenue, one of the region’s primary commercial corridors, this fully leased, multi-tenant retail center offers stable income and future upside. The property encompasses approximately 11,168 SF on a nearly 3-acre parcel with strong visibility, dual access points, and prominent signage along Michigan Avenue. Anchored by established tenants including Shack Vine, Vinny’s Barber Shop, Christina’s Ice Cream Shop, and Baker’s Nook, the center provides a diversified income base supported by strong local demographics. High household incomes, stable homeownership, and the property’s proximity to Ann Arbor contribute to long-term tenant demand and consistent consumer traffic. The site features ample surface parking, efficient ingress and egress, and walkable connectivity to nearby residential communities, including Six Trails Apartments. Investors will benefit from a 100% occupied asset with value-add potential through strategic lease restructuring or site enhancements. With an asking price of $1,565,000, Plaza West combines immediate cash flow security with the flexibility to maximize returns over time in a resilient retail submarket.

FOR SALE DETAILS

PRICE

$1,565,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza West

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

2.96 AC

LAND SF

128,938 SF

ZONING

C-3

APN/PARCEL ID

18-01-325-012

ASK ABOUT THIS PROPERTY

Simon JonnaJonna GroupMore Info
248-226-1610

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Simon JonnaJonna GroupMore Info
248-226-1610

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.