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423 E Michigan Ave

Saline, MI
Total Size
38,650 sqft
Year Constructed
Year Renovated
Building Class

About 423 E Michigan Ave

First-time on market by original owner. The Saline Gallery is one of the first neighborhood shopping centers in the City of Saline. As such, it has a distinct geographical advantage over newer shopping centers built in the outlying area. Closest to town, the Saline Gallery enjoys a set-back frontage and direct access off Michigan Avenue, as well as shared thru-ways with the Post Office, CVS Pharmacy and Busch's Grocery Center.

Current tenants include Dollar General (S&P Investment Grade BBB Corporate) lease through 2019; ACO Hardware (lease ends October 31, 2014); Dry Cleaners and Total Sports Shop on month-to-month leases, and remaining 4 units are currently vacant.

There is considerable up-side potential with this property. - Parking description: Lighted surface lot with front line-of-sight to merchant doors. - Area description: In 2009, "Money Magazine" named Saline among the "Top 100 Best Places to Live, Work and Play" in the U.S. In 2013, "Bloomberg BusinessWeek" named Saline "The Best Place to Raise Kids" in the State of Michigan. Saline Public Schools rate among the top 100 in America.

Saline offers the highest quality in community amenities including top-notch hospitals, schools, and recreation facilities. It is part of the Ann Arbor metropolitan area which is consistently rated as one of the top ten areas for quality of life each year. - Number of buildings: 1 - Building condition: Fair - Tenancy: Multiple Tenants

Internet Providers for 423 E Michigan Ave

Provider Technology Max Download Speed Max Upload Speed
Level 3 Communications, LLC Fiber
10 Gb/s
10 Gb/s
Comcast Cable
1 Gb/s
25 Mb/s
Frontier North, Inc. DSL
50 Mb/s
3 Mb/s
D&P Communications, Inc. DSL
25 Mb/s
3 Mb/s

The City: Saline

On average, listings lease in the $10's per square foot per year. The Saline region is seeing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 22% decrease in rent.

Median Rate Median Size
Saline $16

Median Rate over Time in Saline