Standalone Barber Shop
7045 Cooley Lake Road West Bloomfield, MI 48324
7045 Cooley Lake Road, West Bloomfield, MI, 48324
$350,000
For Sale
$350,000
COMMERCIAL - West Bloomfield, MI
Property Size1,120 SF
Lot Size0.14 Acres
Price / SF$312.50
Days on Market215
Property Features for 7045 Cooley Lake Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 18-06-229-016
- Size
- 1,120 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- T2N, R9E, SEC 6 DEWEY BEACH SUB LOTS 375 TO 378 INCL EXC W 50 FT OF EACH
- Tax Annual Amount
- 3400
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1944
- Number of units
- 1
Listing agency
Casablanca Real Estate LLC
(734) 222-1010
Listed by
Mark Krysiak · License #6501394175
(248) 982-3360
Added: Dec 19, 2025 Updated: Jun 8 at 9:57AM Checked: Jul 22 at 10:06AM
MLS# 25062367
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 standalone barber shop building is designed for personal service use, with a welcoming front entrance served by a handicap-accessible ramp. Interior amenities include multiple cutting stations and a restroom. The property is described as well-maintained, with updated flooring, new windows and mechanicals, and bright lighting.
The building is located on Cooley Lake Road in West Bloomfield, Michigan, where it benefits from high-traffic exposure. Ample parking is available in both the front and rear, supporting convenient customer access. The area is characterized by a mix of retail, restaurants, and residential neighborhoods.
For an operator or buyer seeking a turnkey small service space, the existing layout and on-site restroom can support continued barber shop or similar salon service concepts. The combination of accessible entry, dedicated parking, and maintained interior improvements may help reduce time and cost associated with preparing the space for day-to-day use.
The building is located on Cooley Lake Road in West Bloomfield, Michigan, where it benefits from high-traffic exposure. Ample parking is available in both the front and rear, supporting convenient customer access. The area is characterized by a mix of retail, restaurants, and residential neighborhoods.
For an operator or buyer seeking a turnkey small service space, the existing layout and on-site restroom can support continued barber shop or similar salon service concepts. The combination of accessible entry, dedicated parking, and maintained interior improvements may help reduce time and cost associated with preparing the space for day-to-day use.
Key Highlights
- High‑traffic location on Cooley Lake Road with excellent visibility.
- Established barber shop with strong income potential and customer base.
- Well‑maintained building with updated flooring, new windows, and mechnaicals.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.8k | $16.80 |
| − Vacancy | −$1.6k | −$1.43 |
| EGI | $17.2k | $15.37 |
| − OpEx | −$5.2k | −$4.61 |
| NOI | $12.1k | $10.76 |
1,120 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$172.2K
$150.7K – $200.9K
NOI $12,052 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$241.6K
$211.4K – $281.8K
NOI $16,910 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Standalone retail building on Cooley Lake Road with handicap-accessible entry, service stations, and ample front and rear parking.
Where is this storefront property located?
The property is located at 7045 Cooley Lake Road West Bloomfield, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: High‑traffic location on Cooley Lake Road with **excellent visibility**.; Established barber shop with **strong income potential and customer base**.; Well‑maintained building with updated flooring, new windows, and mechnaicals.
