Open-Plan Retail
For Sale
Contact for pricing
1154 Dexter Street, Milan, MI 48160
Flexible commercial space with an open interior, drop ceiling, restroom, and dedicated storage and utility area.
Property Size1,493 SF
Price / SF$0.01
Days on Market47
Property Features for 1154 Dexter Street
General Information
Standard status
Active
Size
1,493 SF
Additional Details
Highway Access
Yes
Listing Agency:
Real Estate One Inc
(734) 439-4131
Listed By:
Danielle Grostick · License #6506045712
(734) 637-5897
Source:
Corneliusteam
Added: Sep 14
Changed: Oct 26
Last Checked: Oct 28 at 8:57AM
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 Real Estate One Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property offers 1,493+ square feet arranged around an open interior footprint. Existing features include a drop ceiling, 1 bathroom, and a separate storage and utility room. The space is positioned for retail or office use and includes a 3-month buildout period.
The property is located near the US23 and Carpenter Road interchange in Milan, with access to the US23 exit 27 corridor. Ann Arbor and Toledo are each approximately 15 minutes away. Available immediately and offered for sale.
The property is located near the US23 and Carpenter Road interchange in Milan, with access to the US23 exit 27 corridor. Ann Arbor and Toledo are each approximately 15 minutes away. Available immediately and offered for sale.
Key Highlights
- 1,493+ square feet of retail or office space
- Open interior layout with drop ceiling
- 1 bathroom plus storage and utility room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,344
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,880
$286.9K
Cap Rate 7%
$204,914
$204.9K
Cap Rate 9%
$159,378
$159.4K
Market Conditions
NOI Build-Up for 1,493 SF
Gross rent
$22.4K $15.00/SF
− Vacancy
−$1.9K −$1.28/SF
EGI
$20.5K $13.73/SF
− OpEx
−$6.1K −$4.12/SF
NOI
$14.3K $9.61/SF
Area
Monroe County, MI
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,880
Cap Rate 7%
$204,914
Cap Rate 9%
$159,378
Alternative Uses
Best Use
Retail
$204.9K
$179.3K – $239.1K
NOI $14,344 @ 7.0% cap · market cap 84,376.47%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.54M
$1.35M – $1.80M
NOI $107,789 @ 7.0% cap · market cap 634,052.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
60k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 31%
Hotels & Casinos 2%
McDonald's
Dining
20,838 visits/mo
0.1 miles
Taco Bell
Dining
9,053 visits/mo
0.1 miles
Dollar General
Shops & Services
7,428 visits/mo
0.2 miles
Arby's
Dining
5,942 visits/mo
0.1 miles
Shell
Shops & Services
5,452 visits/mo
0.2 miles
Demographics for 48160, MI
14,097
Population
5,224
Households
2.7
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
77.9 sq mi
ZIP Area
181
Density / Sq Mi
$99,383
Median Household Income
$40,170
Median Earnings
$1,097
Median Rent
$251,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Milan Floral & Gifts — 25 Tolan St, Milan, MI 48160
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial space with an open interior, drop ceiling, restroom, and dedicated storage and utility area.
Where is this storefront property located?
The property is located at 1154 Dexter Street Milan, MI.
What are key features of this property?
This property features: 1,493+ square feet of retail or office space; Open interior layout with drop ceiling; 1 bathroom plus storage and utility room
