11191 Telegraph Road Erie, MI 48133
COMMERCIAL - Erie, MI
- Added:
- Oct 31, 2024
- Days on Market:
- 619
- Last Refresh:
- Jul 11 at 9:06 am
Property Features for 11191 Telegraph Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Patio and Porch features
- Patio
- Exterior features
- Deck/Patio
- Standard status
- Active
- Size
- 5,076 SF
- Lot size
- 5.67 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10232
Utilities
- Cooling system
- Central Air
- Water source
- Private
Building Details
- Year built
- 1998
- Roof type
- Shingle
Listing agent Steve Hudkins License #6502110924 (734) 735-4780
Listing office Berkshire Hathaway Home Service Kee Realty 824 S Monroe St, Monroe, MI (734) 242-4700
Listing date Oct 31, 2024
Copyright © 2026 Southeastern Border Association of REALTORS®. 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.
Key Highlights
- Long‑running, successful Mexican restaurant with established clientele.
- Turn‑key ready, price includes all equipment and fixtures.
- Includes all licenses.
Local Financial Insights For Specialty 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 | $71.3k | $14.04 |
| − Vacancy | −$5.3k | −$1.05 |
| EGI | $65.9k | $12.99 |
| − OpEx | −$16.5k | −$3.25 |
| NOI | $49.4k | $9.74 |
