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

    18 W Broadway Street Ecorse, MI 48229

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    LAND - Ecorse, MI

    Added:
    Apr 10, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 11 at 8:06 am

    Property Features for 18 W Broadway Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    34006070073000

    Taxes and HOA fees

    Tax Description
    496E73 LOT 73 WELCH BROS RIVERSIDE PARK SUB PC 226,496 L25 P34 WCR
    Tax Annual Amount
    87

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Jeffery Hider

    Listing agent Jeffery Hider

    Listing office Empire Realty Group 6271 Schaefer, MI

    Listing date Apr 10, 2026

    MLS# 20261023501 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Ecorse, MI

    Located in Ecorse, Michigan, this residential land is available for sale. The property is zoned for residential use and is listed for $20,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ecorse
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1425319
    Latitude
    42.2503119

    Nearby Similar for Sale

    • $199,900
      4,050 SF

      Former Fire Station Opportunity

      Former fire station with redevelopment potential in Ecorse, Michigan.
      27113 W Outer Drive, Ecorse, MI 48229
      View Details
    • $119,000

      Ecorse Duplex Investment Opportunity

      Fully leased duplex in Ecorse with immediate cash flow.
      37 W Woodward Avenue, Ecorse, MI 48229
      View Details
    • $95,000

      Ecorse Multi-Family Investment Opportunity

      Tenant-occupied multi-family property with income potential in Ecorse, MI.
      4484 4th Street, Ecorse, MI 48229
      View Details
    • $340,000
      3,900 SF

      Ecorse Restaurant and Event Space

      Restaurant and event space with equipment included and expansion potential.
      505 SALLIOTTE Road, Ecorse, MI 48229
      View Details
    • $340,000
      3,900 SF

      Restaurant and Event Space Opportunity

      Restaurant and event space with equipment included, expansion potential.
      505 SALLIOTTE Road, Ecorse City, MI 48229
      View Details
    • Contact for pricing
      4,960 SF

      Riverfront Commercial Property with Marina

      Riverfront commercial property with gas dock, storage, and repair marina.
      4651 W. Jefferson, Ecorse, MI 48229
      View Details
    • $265,000

      Historic Tudor Four-Plex on Riverfront

      Historic, rental-certified four-plex on the riverfront in walkable area.
      4494 W Jefferson Ave, Ecorse, MI 48229
      View Details
    • $299,900
      1,710 SF

      Ecorse City Commercial Building

      Character-rich building with great location and investment potential.
      4158 W JEFFERSON Avenue, Ecorse City, MI 48229
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land available in Ecorse, Michigan for $20,000.
    Where is this residential land & home lot located?
    The property is located at 18 W Broadway Street Ecorse, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Location coordinates provided.; Public water source.
    (313) 846-0960
    We can help!
    Listing Contact
    Jeffery Hider
    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!