Free-Standing Retail
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1055 Trumbull St, Detroit, MI 48216
Free-standing retail building with an open floor plate, zoned M3, and 72 feet of frontage on Trumbull St.
Property Size1,886 SF
Price / SF$167.02
Days on Market321
Property Features for 1055 Trumbull St
General Information
Standard status
Active
Size
1,886 SF
Property subtype
RETAIL
Zoning
M3
Additional Details
Opportunity Zone
Yes
Frontage
72 ft
Building Details
Year Built
1960
Buildings
1
Listing Agency:
NAI Farbman - Corporate
(248) 351-4384
Listed By:
Dan McCleary · License #6501410787
(248) 351-4384
Source:
Moodyscre
Added: Sep 17, 2025
Changed: Jul 30
Last Checked: Aug 3 at 12:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Farbman - Corporate
Investment Insights
Based on property information with market context.
This free-standing building offers a flexible open floor plate for a wide range of retail-oriented layouts. The property contains 1,886 SF and was built in 1960, providing a straightforward interior platform for customization. It is zoned M3.
The building has 72 feet of frontage on Trumbull St. The property is also described as being in an Opportunity Zone.
With its open floor plate and street frontage, the space is positioned to support multiple retail use scenarios and tenant build-outs consistent with the M3 zoning.
The building has 72 feet of frontage on Trumbull St. The property is also described as being in an Opportunity Zone.
With its open floor plate and street frontage, the space is positioned to support multiple retail use scenarios and tenant build-outs consistent with the M3 zoning.
Key Highlights
- 1,886 SF free‑standing building built in 1960
- Open floor plate for flexible retail layouts
- Zoned M3
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 | $35.1k | $18.60 |
| − Vacancy | −$1.9k | −$1.00 |
| EGI | $33.2k | $17.60 |
| − OpEx | −$10.0k | −$5.28 |
| NOI | $23.2k | $12.32 |
1,886 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$331.9K
$290.4K – $387.2K
NOI $23,230 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$416.1K
$364.1K – $485.4K
NOI $29,124 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,192
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Hotels & Casinos 30%
Shops & Services 21%
Home Improvements & Furnishings 11%
Cambria Hotel Detroit Downtown
Hotels & Casinos
13,247 visits/mo
0.5 miles
Burger King
Dining
11,274 visits/mo
0.2 miles
Marathon
Shops & Services
7,847 visits/mo
0.4 miles
SUBWAY
Dining
5,168 visits/mo
0.4 miles
Brooks Lumber
Home Improvements & Furnishings
3,030 visits/mo
0.5 miles
Demographics for 48216, MI
5,031
Population
3,398
Households
1.5
Avg Household Size
35
Median Age
37%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
2,187
Density / Sq Mi
$42,278
Median Household Income
$42,189
Median Earnings
$860
Median Rent
$225,300
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Free-standing retail building with an open floor plate, zoned M3, and 72 feet of frontage on Trumbull St.
Where is this retail space located?
The property is located at 1055 Trumbull St Detroit, MI.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,886 SF free‑standing building built in 1960; Open floor plate for flexible retail layouts; Zoned M3
