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Former Rite Aid - Imlay, MI 557 N Cedar St 11,180 SF Retail Building Imlay City, MI 48444 $1,118,000 ($100/SF)
INVESTMENT HIGHLIGHTS
- Former Rite Aid - Freestanding Retail Building With Drive-Thru
- Strong Site Fundamentals & a Well-Maintained Building Sitting on a 1.13 Acre Lot, Built in 1997
- Nearby Tenants Include: PNC Bank, Goodwill, Subway, Family Dollar, Mexican Restaurant, Marathon Gas
- Signalized Corner Location at a Highly Visible Intersection on North Cedar Street With Exposure to 18,000 Vehicles Per Day
- Potential For a Loyal Customer Base With Minimal Retail Competition
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 11,180 SF Former Rite Aid Located at 557 North Cedar St in Imlay, MI. This Opportunity Features Strong Site Fundamentals & a Well- Maintained Building Situated on a 1.13 Acre Lot, Built in 1997, With Potential for a Loyal Customer Base Due to Minimal Retail Competition.
IN COOPERATION WITH: Sands Investment Group Michigan, LLC - Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman - MI Lic. # 6502424113
IN COOPERATION WITH: Sands Investment Group Michigan, LLC - Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman - MI Lic. # 6502424113
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
11,180 SF
Building Class
C
Year Built
1997
Price
$1,118,000
Price Per SF
$100
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.13 AC
Zoning
CM - Commercial mixed
Parking
34 Spaces (3.04 Spaces per 1,000 SF Leased)
Frontage
306’ on Capac Rd
AMENITIES
- Signage
- Drive Thru
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Former Rite Aid
| Space | Size | Space Use | Position | Available |
| 1st Floor | 11,180 SF | Retail | - | 30 Days |
1st Floor
| Size |
| 11,180 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
1st Floor
| Size | 11,180 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
Former Rite Aid
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | I19-77-400-000-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $661,900 |
PROPERTY TAXES
Parcel Number
I19-77-400-000-01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$661,900
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Former Rite Aid - Imlay, MI | 557 N Cedar St
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