STRIP CENTER - LIVINGSTON COUNTY, MICH - VILLAGE CENTER MALL

Shopping Center for Sale
Catylist Listing ID: 30769310
Property Subtypes: Strip Center
Building Size (RSF): 26,500 SF
Gross Building Area: See Agent
Sale Price: $3,700,000
Unit Price: $139.62 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Village Center Mall
Sale Terms: Cash to Seller
Cap Rate: 7.7%
Average Occupancy Rate: 95
Last Updated: 11/28/2021

Overview / Comments

STRIP CENTER

LIVINGSTON COUNTY, MICHIGAN

M-36 AT CHILSON ROAD

WELL ESTABLISHED LOCAL AREA BUSINESS TENANTS

61% SERVICE - 39% RETAIL

CONSISTENTLY 95% OCCUPIED

26,500 RSF - $290,993 NOI

7.7 CAP

Attachments & Media

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Livingston
Submarket/Township: Howell/Brighton Area
Tax ID/APN: 4715-22-200-043, 4715-22-200-044
Zoning: CS
Retail Clientele: General, Business, Tourist
Largest Nearby Street: M-36 / CHILSON ROAD
Feet of Frontage: 505
Site Description: Village Center Mall consists of two separate buildings featuring 26,500+/- rentable square feet. Located near the corner of M-36 and Chilson Road. Situated on approximately 5.93 acres of land.
Total Number of Buildings: 2
Parking Type: Surface
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,407 23,905 46,694
Median Age: 41.96 41.9 42.08
Households: 1,297 8,729 17,764

Contact

Photograph of Listing Agent

Timothy Moore

CPIX Member
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