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5036 Richfield Rd 1,260 SF 50% Leased Retail Building Flint, MI 48506 $69,900 ($55.48/SF)
Investment Highlights
- Main Intersection
- Clear slate on unleased side
- Value Add
Executive Summary
Commercial opportunity on Richfield Rd! Approx. 1,260 sq ft two-unit building with one leased hair salon at $400/month (tenant pays utilities) and one vacant unit (former pizzeria) ready for lease-up or owner-user occupancy. Located on a 60’ x 125’ lot with on-site parking. Ideal for investors seeking value-add potential or business owners looking to offset occupancy costs with rental income. Suitable for retail, office, personal services, or food use (buyer to verify).
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
1,260 SF
Building Class
B
Year Built
1955
Price
$69,900
Price Per SF
$55.48
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.17 AC
Zoning
Commercial - Commercial Zoned District
Parking
10 Spaces (7.94 Spaces per 1,000 SF Leased)
Frontage
200’ on Richfield Rd
Amenities
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Number | 11-35-555-013 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $50,000 |
Property Taxes
Parcel Number
11-35-555-013
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$50,000
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RE/MAX New Image-Midland Rd
5036 Richfield Rd
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