Commercial Kitchen
For Sale
$150,000
Pending
10315 Linwood Street, Detroit, MI 48206
Commercial Sale, Detroit, MI
Property Size2,459 SF
Lot Size0.16 Acres
Days on Market428
Property Features for 10315 Linwood Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Subdivision
LINWOOD PARK SUB (PLATS)
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
S of Linwood St/E of Chicago Blvd.
Standard status
Pending
APN
10-0076589
Size
2,459 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
Legal: W LINWOOD 4 THRU 7 EXC LINWOOD AVE AS WD LINWOOD PK SUB L32 P84 PLATS, W C R 10/102 80X88.66A
Tax Annual Amount
2288
Legal Description
Legal: W LINWOOD 4 THRU 7 EXC LINWOOD AVE AS WD LINWOOD PK SUB L32 P84 PLATS, W C R 10/102 80X88.66A
Utilities
Heating system
Forced Air
Building Details
Year built
1922
Building materials
Brick
Listing Agency:
eXp Realty, LLC
(888) 501-7085
Listed By:
Devin Raines
(313) 715-1579
Added: Jun 19, 2025
Changed: Aug 20
Last Checked: Aug 20 at 6:06PM
MLS# 25029624
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial kitchen property contains 2,459 square feet on a 0.16-acre parcel. Existing improvements include dual cooking hoods and a fire suppressant system, along with one bathroom. The building features brick construction and forced-air heating and was built in 1922. It is offered in as-is condition.
Located at 10315 Linwood Street in Detroit’s Boston Edison Community, the property includes a spacious parking lot. The cooking-related infrastructure, building systems, and site configuration provide the primary physical features for evaluating this commercial property. The offering is structured as a sale of the building and land.
Located at 10315 Linwood Street in Detroit’s Boston Edison Community, the property includes a spacious parking lot. The cooking-related infrastructure, building systems, and site configuration provide the primary physical features for evaluating this commercial property. The offering is structured as a sale of the building and land.
Key Highlights
- 2,459‑square‑foot commercial kitchen building on 0.16 acres
- Dual cooking hoods and fire suppressant system
- Spacious on‑site parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,960
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$239,200
$239.2K
Cap Rate 7%
$170,857
$170.9K
Cap Rate 9%
$132,889
$132.9K
Market Conditions
NOI Build-Up for 2,459 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.0K $7.32/SF
− Vacancy
−$914 −$0.37/SF
EGI
$17.1K $6.95/SF
− OpEx
−$5.1K −$2.08/SF
NOI
$12.0K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$239,200
Cap Rate 7%
$170,857
Cap Rate 9%
$132,889
Alternative Uses
Best Use
Specialty Retail
$463.6K
$405.6K – $540.9K
NOI $32,451 @ 7.0% cap · market cap 21.63%
Second Best
Industrial
$170.9K
$149.5K – $199.3K
NOI $11,960 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$542.5K
$474.7K – $632.9K
NOI $37,973 @ 7.0% cap · market cap 25.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 20%
Citgo
Shops & Services
4,376 visits/mo
0.2 miles
Valero Energy
Shops & Services
3,871 visits/mo
0.5 miles
Krispy Krunchy Chicken
Dining
2,101 visits/mo
0.5 miles
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Brick construction includes dual cooking hoods, fire suppression, and on-site parking.
Where is this commercial kitchen located?
The property is located at 10315 Linwood Street Detroit, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 2,459‑square‑foot commercial kitchen building on 0.16 acres; Dual cooking hoods and fire suppressant system; Spacious on‑site parking lot
