Retail Space with Barber
1011 S Graham Road, Flint, MI 48532
For Sale
New
$109,900
COM/IND/BUS OPP, Flint, MI
Property Size480 SF
Lot Size0.61 Acres
Price / SF$228.96
Days on Market4
Property Features for 1011 S Graham Road
General Information
Property type
Property subtype
Zoning description
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Water source
Building Details
Year built
Roof type
Listing Agency:
Keller Williams First · Keller Williams Realty
(810) 515-1503
Listed By:
Lynn Mattila · License #123055
(810) 348-7512
Added: Nov 4
Last Checked: Nov 7 at 12:06AM
MLS# 50226769
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.
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Investment Insights
Based on property information with market context.
Built in 1978, this 480-square-foot retail space has three barber stations and sits on a 0.61-acre parcel. The building features cedar siding, Andersen windows, a slab foundation, and an asphalt roof. Central air and the furnace were installed in 2017; the water heater dates to that year as well. The roof was installed in 2011, and the parking lot was resurfaced in 2017.
The property has parking for 11 cars and a wooded setting. Public water serves the site. The described layout and features support barbering, hairstyling, salon, or professional-service operations.
The property has parking for 11 cars and a wooded setting. Public water serves the site. The described layout and features support barbering, hairstyling, salon, or professional-service operations.
Key Highlights
- 480‑square‑foot retail space on a 0.61‑acre parcel
- Three barber stations
- Parking for 11 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,983
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$99,660
$99.7K
Cap Rate 7%
$71,186
$71.2K
Cap Rate 9%
$55,367
$55.4K
Market Conditions
NOI Build-Up for 480 SF
Gross rent
$7.4K $15.48/SF
− Vacancy
−$312 −$0.65/SF
EGI
$7.1K $14.83/SF
− OpEx
−$2.1K −$4.45/SF
NOI
$5.0K $10.38/SF
Area
Genesee County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$99,660
Cap Rate 7%
$71,186
Cap Rate 9%
$55,367
Alternative Uses
Best Use
Retail
$71.2K
$62.3K – $83.1K
NOI $4,983 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$101.0K
$88.4K – $117.8K
NOI $7,070 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
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Business Placement
Demographics for 48532, MI
19,247
Population
9,093
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
88%
High-School Grad
16.0 sq mi
ZIP Area
1,203
Density / Sq Mi
$58,118
Median Household Income
$34,361
Median Earnings
$929
Median Rent
$157,300
Median Home Value
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Market
Average Price Trend$/SF for Retail space in Flint, MI
Properties on Market for Retail space in Flint
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - A compact commercial suite offers a three-station arrangement, central air, and on-site parking.
Where is this retail space located?
The property is located at 1011 S Graham Road Flint, MI.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: 480‑square‑foot retail space on a 0.61‑acre parcel; Three barber stations; Parking for 11 cars
