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24958186
24958187

4531 E Lansing Rd, Bancroft, MI 48414 For Sale

DP
MI MI 6502361821
Fortis Net Lease
Listed by Fortis Net Lease
$1,282,416
365 days on market
Updated 154 days ago

Dollar General - Bancroft

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,100
Cap Rate 7.00%
NOI $89,769
Tenancy Single
Brand/Tenant Dollar General
Acreage 1.990
Lease Commencement 02/09/2019
Ownership Fee Simple

Retail | 7.00% CAP | 9,100 SqFt

Marketing description

Fortis Net Lease is pleased to present 4531 E Lansing Rd, Bancroft, MI - an exceptional 9,100 SF free-standing building located in the thriving Bancroft area. This versatile property, zoned NA, offers unlimited potential for retail and various investment opportunities. Boasting a prime location and an impressive building footprint, this property is primed for success. With ample space and a sought-after zoning designation, it's an ideal investment for those seeking a retail or free-standing building. Don't miss out on this rare opportunity to own a standout property in this desirable location.

Bancroft, Michigan is a small village in Shiawassee County, with a 2020 population of 484 and a modest size of about 0.59 square miles—all land. Founded in 1877 alongside the railroad and named after the Bancroft Mining Company, it officially incorporated in 1883. Despite its rural charm, Bancroft has a surprisingly diverse economy: many residents work in both white‑ and blue‑collar roles—ranging from office and administrative work to manufacturing—while a notable share works in computer and math professions. Over time, the village has seen a gradual population decline from its peak near 615 in 2000 to the mid‑400s today.

Census data shows Bancroft is predominantly White (over 90%), with small percentages of multiracial, Hispanic, Asian, and other residents. Households usually consist of about three members, with around 35 % containing children and 70 % being owner‑occupied. Median household income is healthy—ranging from roughly $60k to over $80k depending on the source—with poverty rates between about 7 % and 14 % . Despite its small size, modest demographics, and historic roots evidenced in its pre‑World War II architecture, Bancroft maintains key community spaces such as Lions Park and the Grand Oak Herb Farm, offering residents a close‑knit, peaceful lifestyle enriched with local history

Investment highlights

  • 7% Cap Rate | $89,769.12 NOI
  • Average HH Income of $70,791 within 5 miles
  • 9,000+ Population within 5 miles
  • 9,100 SF free-standing building
  • Zoned NA for versatile use
  • Highly visible location
  • Ample parking space
  • Strong investment potential

Listing Contacts

DP
MI MI 6502361821
Fortis Net Lease
Listed by Fortis Net Lease

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$89,769.00
$7,480.75/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Doug Passon
License
MI 6502361821
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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