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33764183
33765070

2 Locations

RK
MI 6502372507
The Surnow Company
Listed by The Surnow Company
$2,250,000
13 days on market
Updated 2 days ago

1450 N EATON ST ALBION MI 49224

Details
APN 51-002-045-10
Property Type Retail, Land
Sub Type Shopping Center, Commercial
Square Footage 76,157
Net Rentable (SqFt) 75,283
Units 5
Cap Rate 8%
NOI $180,000
Occupancy 67%
Tenancy Multi
Brand/Tenant Dollar General, Tractor Supply (+1)
Price per SqFt $30
Broker Co-Op True
Class C
Year Built 1940
Buildings 1
Stories 1
Lot Size (SqFt) 397,267
Zoning C - Commercial
Parking Spaces 152 spaces
Parking per 1,000 SqFt 2.00
Investment Type Value Add
Ground Lease No
Ownership Albion Investments, L.C.

National Tenants - Value Add Retail Shopping Center and Vacant Land

Marketing description

Shopping Plaza leased by Tractor Supply Company, Dollar General, Rent-A-Center, and Label Shopper with a 24,925sf vacancy and two vacant parcels of land directly adjacent for future development opportunities. Taco Bell, O'Reilly Auto Parts and Dairy Queen are on separate parcels, and not included in this sale, but are strong traffic generators to the plaza. Albion Plaza is well positioned directly off of the I-94 interstate and between the interstate and Downtown Albion with most residents, business employees, and visitors driving in front of the site each day. This is a value-add opportunity for an investor looking for stable income with tenants on long leases, and the ability to add value by leasing the available space or developing on the vacant land parcels adjacent to the site.

Investment highlights

75,283sf shopping Plaza leased by Tractor Supply Company, Dollar General, Rent-A-Center, and Label Shopper with a 24,925sf vacancy and two vacant parcels of land directly adjacent for future development opportunities. Offered at an 8% cap on existing $180,000 projected 2026 NOI. Vacancy and adjacent vacant land development opportunity make this a value-add investment with strong potential upside.

Listing Contacts

RK
MI 6502372507
The Surnow Company
Listed by The Surnow Company

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$180,000.00
$15,000.00/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

Map

Zoning

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C CommercialGeneral CommercialGeneral Commercial District
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View all 235 uses
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Last updated Apr 21, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Rob Krochmal
License
6502372507
Brokerage Phone
248.867.3304
Brokerage Address
320 Martin Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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