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Bueche Shopping Center

3 Retail Properties Offered at $5,529,000 in Flushing, MI

Investment Highlights

  • Substantially leased with good surface parking
  • Part of the Central Business District
  • Limited competition - main competitor other side of town
  • On primary roadway with good visibility and beautiful setting
  • Great condition and looks new
  • Near major traffic carriers- I-75, I-69, M-21 (Corunna Road)

Executive Summary

Sale of a 67,248 square foot grocery anchored multi-tenant retail shopping center with a good tenant mix. The land-to-building ratio is 5.45 to one. The site is improved with a retail shopping center (3 buildings) asphalt paved drives and parking for 339 vehicles (5.04 spaces per 1000 sq ft). Minimal but mature landscaping. Zoned CBD, Central Business District which would support municipal, retail, office, medical, dental restaurants, and bars. Flat roof with metal framing covered with metal decking, rigid insulation, and rubberized membrane. Gas-fired packaged HVAC units on the roof.

Property Facts

Price $5,529,000
Price / SF $61.24 / SF
Sale Conditions Bulk/Portfolio Sale
Cap Rate 8.51%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 1
Total Building Size 90,288 SF
Total Land Area 25.28 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
300 W Main St, Flushing, MI 48433 Retail 67,248 SF 2004 $5,529,000
250 W Main St, Flushing, MI 48433 Retail 2,554 SF 2004 -
218-240 W Main St, Flushing, MI 48433 Retail 20,486 SF 2005 -
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  • Listing ID: 26891176

  • Date on Market: 10/19/2022

  • Last Updated:

  • Address: Bueche Shopping Center, Flushing, MI

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