$1,099,999
Saline, MI 48176
MLS# 26027758
2548 sqft
1 / 1
Property Description
Great investment property built in 2018 with long term tenant in place with very limited landlord responsibilities. This is a great option for a long-term investment with an attractive cap rate and a corporate tenant with over 900 locations in 34 states. Ideal investment for 1031 exchange. Currently used as a optical retailer.
Details
Location & Property Info
Cross Streets: Hopper Dr. and Hopper St.
Property Sub-Type: Retail
Municipality: Saline City
Principal Road: Yes
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 431.71
Prop Avail for Lease?: No
Current Bldg Use: Rented to long term corporate tenant
General Property Info
New Construction: No
Lot Dimensions: 161 x157
Road Frontage: 318
Mineral Rights: Unknown
Waterfront: No
Total # Units: 1
Total # Bldgs: 1
# Fin Bldg Lvls: 2548
Total SqFt: 2548
Total Net SqFt: 2548
Property Use Type: Net Leased (nnn)
School District: Saline
Lot Measurement: Acres
Lot Acres: 0.58
Lot Square Footage: 25265
Year Built: 2018
Full Baths: 2
Tax Info
Taxable Value: 332087
SEV: 368100
For Tax Year: 2025
Seller's Annual Property Tax: 22058
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: none known
Zoning: SPA-1
Tax ID #: 18-12-31-490-005
Remarks & Misc
Public Remarks: Great investment property built in 2018 with long term tenant in place with very limited landlord responsibilities. This is a great option for a long-term investment with an attractive cap rate and a corporate tenant with over 900 locations in 34 states. Ideal investment for 1031 exchange. Currently used as a optical retailer.
Legal: AMENDED PLAT MD L 5213 P 134 UNIT 5, SALINE PLAZA CONDOMINIUM SPLIT ON 08/07/2017 FROM 18-12-31-470-039;
Income and Expenses
Annual Maint ($): 41
Annual Prop Ins ($): 1141
Gross Op Income ($): 87209
Total Actual Rent: 87209
Net Operating Income: 84480
Operating Expense: 2729
Street Type
Paved: 1
SqFt Information
Fire Alarm: 1
Property Use
Investment: 1
Net Leased (nnn): 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Professional Service: 1
Professional/Office: 1
Retail: 1
Construction Type
Frame/Wood: 1
Exterior Material
Stucco: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Below Grade
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Business Includes
Real Estate: 1
Additional Features
Barrier Free: 1
Foundation
Slab: 1
Util Avail at St
High Speed Internet: 1
Tenant Pays All
Common Area Maintena: 1
Electric: 1
Gas: 1
Janitorial: 1
Prop Taxes/Assess: 1
Sewer: 1
Trash: 1
Water: 1
Driveway
Asphalt: 1
Docs Req Conf Agrmnt
Financials: 1
Leases: 1
Rent Roll: 1
Send to Econ Dev Org
MEDC: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Tax Def Exchange: 1
Unit 1
Unit Description: 1
SqFt: 2548
Occupied: Yes
Rent $/Month: 7267
# Baths: 2
Tenant Pays Electric: 1
Tenant Pays Gas: 1
Tenant Pays Other: 1
Tenant Pays Sewer: 1
Tenant Pays Trash: 1
Tenant Pays Water: 1
Possession
See Remarks: 1
Subject To Tenant Rights: 1
Location Property Info
County: Washtenaw
Street #: 900
Street Direction: E
Street Name: Michigan
Suffix: Avenue
State: MI
Zip Code: 48176
Zip (4): 1586
OfficeContract Info
Status: Active
Current Price: $1,099,999
List Price: $1,099,999
Listing Date: 2026-06-05
Property Features
Property Use: Investment; Net Leased (nnn)
SqFt Information: Fire Alarm
Uses: Professional Service; Professional/Office; Retail
Ownership: LLC
Business Includes: Real Estate
Construction Type: Frame/Wood
Exterior Material: Stucco
Roofing: Composition
Foundation: Slab
Below Grade: None
Additional Features: Barrier Free
Tenant Pays All: Common Area Maintena; Electric; Gas; Janitorial; Prop Taxes/Assess; Sewer; Trash; Water
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at St: High Speed Internet
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Asphalt
Street Type: Paved
Purchase Terms Avail: Cash; Conventional; Tax Def Exchange
Docs Req Conf Agrmnt: Financials; Leases; Rent Roll
Sale Conditions: None
Send to Econ Dev Org: MEDC
Unit 1: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water
Possession: See Remarks; Subject To Tenant Rights
Listing Office: Berkshire Hathaway HomeServices MI
Listing Agent: Ryan Rider
Last Updated: June - 08 - 2026
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