M-59 & Mound Road
For Sale
$2,300,000
45100 Mound Road, Shelby Township, MI 48317
Retail property with frontage on M-59 and Mound Road.
Property Size19,635 SF
Price / SF$117.14
Days on Market309
Property Features for 45100 Mound Road
General Information
Standard status
Active
Size
19,635 SF
Property subtype
Retail
Building Details
Year Built
1977
Listing Agency:
Signature Associates Southfield
(248) 404-7015
Listed By:
Ben Wilkiemeyer · License #6501295481
(248) 404-7015
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Jul 6
Last Checked: Jul 30 at 5:37AM
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 Signature Associates Southfield
Investment Insights
Based on property information with market context.
This property presents a rare purchase opportunity, featuring access and frontage on both M-59, with 264 feet of frontage, and Mound Road, offering 150 feet of frontage. Formerly a racquetball facility, the 19,635 square foot property could be repurposed for similar use. It also holds great potential for a complete retail development.
Key Highlights
- Dual frontage on M‑59 (264') and Mound Road (150').
- High potential for retail development.
- Rare purchase opportunity.
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 | $235.6k | $12.00 |
| − Vacancy | −$28.3k | −$1.44 |
| EGI | $207.3k | $10.56 |
| − OpEx | −$62.2k | −$3.17 |
| NOI | $145.1k | $7.39 |
19,635 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.07M
$1.81M – $2.42M
NOI $145,142 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.68M
$3.22M – $4.29M
NOI $257,319 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
160k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 50%
Dining 38%
Shops & Services 12%
Walmart
Superstores
80,473 visits/mo
0.4 miles
Texas Roadhouse
Dining
26,838 visits/mo
0.5 miles
Buffalo Wild Wings
Dining
12,889 visits/mo
0.4 miles
Burger King
Dining
10,964 visits/mo
0.2 miles
Marathon
Shops & Services
7,975 visits/mo
0.5 miles
Demographics for 48317, MI
27,864
Population
12,936
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,322
Density / Sq Mi
$72,465
Median Household Income
$41,895
Median Earnings
$1,227
Median Rent
$248,700
Median Home Value
Market
Properties on Market for Retail properties & Spaces in Shelby Township
Vacancy Rate% for Retail in Midwest region
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 property - Retail property with frontage on M-59 and Mound Road.
Where is this retail property located?
The property is located at 45100 Mound Road Shelby Township, MI.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Dual frontage on M‑59 (264') and Mound Road (150').; High potential for retail development.; Rare purchase opportunity.
