Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16149 E 10 Mile Rd Eastpointe, MI 48021

    View on Map
    For Sale
    $137,900

    Commercial/Industrial - Eastpointe, MI

    Property size:
    1,000 SF
    Lot size:
    0.06 Acres
    Added:
    Feb 6, 2026
    Days on Market:
    54
    Last Refresh:
    Apr 1 at 4:06 am

    Property Features for 16149 E 10 Mile Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1419457006
    Size
    1,000 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1953
    Architectural style
    Other

    We can help!

    Listing Contact
    Eric Goosen
    Eric Goosen

    Listing agent Eric Goosen License #6506037428

    Listing office Berkshire Hathaway HomeServices Kee Realty SCS 19900 E 10 Mile Rd Ste 104, MI

    Listing date Feb 6, 2026

    MLS# 50198930 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Eastpointe Commercial Building For Sale

    This commercial building, located in Eastpointe, Michigan, is available for sale. Previously used as a dog grooming facility, the property includes a client list and license that are also available for sale. The building is zoned commercial MU2. It features new, high-efficiency LED lighting, newer front asphalt parking, and is occupancy certified. The interior has been updated with new carpet and painting. A newer high-efficiency furnace and updated electrical service are in place, along with central air conditioning on the roof. The property is currently occupied by a tenant but can be vacated quickly for a new owner. The building is situated close to a high-volume Little Caesars store.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Canine Country Grooming Pet Grooming Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.955199
    Latitude
    42.479868

    Nearby Similar for Sale

    • $95,000
      760 SF

      Eastpointe Commercial Space on Corner

      Clean, updated commercial space in Eastpointe, move-in ready.
      17503 Stephens Drive, Eastpointe, MI 48021
      View Details
    • $199,000
      4,197 SF

      Eastpointe Office Building For Sale

      Former medical building with parking lot, suitable for office/retail.
      20927 Kelly, Eastpointe, MI 48021
      View Details
    • $189,950
      652 SF

      Eastpointe Commercial Building For Sale

      Commercial building in a vibrant neighborhood, suitable for various businesses.
      15801 E 10 Mile Road, Eastpointe, MI 48021
      View Details
    • $450,000

      Renovated Commercial Property with Drive-Through

      Move-in ready commercial space with drive-through in Eastpointe, MI.
      17744 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $350,000
      2,000 SF

      Eastpointe Flex Space For Sale

      2,000 SF flex space with showroom and fenced lot.
      17511 Stephens Drive, Eastpointe City, MI 48021
      View Details
    • $649,900
      8,000 SF

      Eastpointe City School Building ForSale

      8,000 SF school building with 9 classrooms for sale.
      17901 COLLINSON Avenue, Eastpointe City, MI 48021
      View Details
    • $999,999
      1,231 SF

      Eastpointe Gas Station For Sale

      Gas station with real estate, business, and multiple revenue streams.
      00000 Macomb Avenue, Eastpointe, MI 48021
      View Details
    • $21
      4,125 SF

      Medical Office Building Near I-94

      Medical office building with exam rooms, near I-94.
      18200 Ten Mile Road, Eastpointe, MI 48021
      View Details
    • $95,000

      Eastpointe Commercial Space For Sale

      Updated commercial space in Eastpointe with flexible financing options.
      17503 Stephens Dr, Eastpointe, MI 48021
      View Details
    • $700,000
      1,050 SF

      Updated Retail Property in Eastpointe

      Recently remodeled retail property with high visibility and ample parking.
      14700 East 9 Mile Road, Eastpointe, MI 48021,
      View Details
    • $600,000
      3,280 SF

      Eastpointe Value-Add Investment Opportunity

      3,280 SF commercial building on 17,860 SF lot.
      18400 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $2,050,000
      7,000 SF

      Gratiot Ave Retail Opportunity

      Retail space with long-term tenancy on heavily traveled Gratiot.
      22901 Gratiot Ave, Eastpointe, MI 48021
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial building in Eastpointe, ready for immediate occupancy.
    Where is this retail space located?
    The property is located at 16149 E 10 Mile Rd Eastpointe, MI.
    What is the asking price?
    The asking price for this property is $137,900.
    What are key features of this property?
    This property features: Zoned commercial MU2, suitable for various business types; Occupancy certified and ready for immediate use; Newer high‑efficiency furnace and central air conditioning
    (586) 899-3659
    We can help!
    Listing Contact
    Eric Goosen
    Eric Goosen
    Real Estate License ID: 6506037428
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!