Turn-Key Salon Near Michigan
For Sale
Contact for pricing
123 Keveling Dr, Saline, MI
Salon in prime location near downtown Saline. No lease.
Property Size1,000 SF
Lot Size0.02 Acres
Price / SF$290
Days on Market542
Property Features for 123 Keveling Dr
General Information
Standard status
Active
Size
1,000 SF
Lot size
0.02 Acres
Property subtype
RETAIL
Listing Agency:
Colliers - Ann Arbor
Listed By:
James H. Chaconas
(734) 994-3100
Source:
Moodyscre
Added: May 2, 2025
Changed: Oct 12
Last Checked: Oct 24 at 6:54PM
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 Colliers - Ann Arbor
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a turn-key salon with approximately 1,000 square feet of space, situated in a prime location just off Michigan Avenue, near downtown Saline and surrounded by local businesses. The bright and open layout includes a welcoming entry and reception area, well-designed stations, wash sinks, nail tech spaces, and private rooms suitable for pedicure and esthetician services. Additional amenities include a spacious kitchen, client storage, a restroom, and a large basement that provides extra storage space. The property features a serene and wooded view from the exterior deck. It is ideal for an owner-user, as there is no lease. Condo dues are $350 per month.
Key Highlights
- Prime location near Michigan Ave and downtown Saline.
- Turn‑key ±1,000 SF salon ready for immediate operation.
- No lease – ideal for owner‑user.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,598
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,960
$272.0K
Cap Rate 7%
$194,257
$194.3K
Cap Rate 9%
$151,089
$151.1K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$21.0K $21.00/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$19.4K $19.43/SF
− OpEx
−$5.8K −$5.83/SF
NOI
$13.6K $13.60/SF
Area
Washtenaw County, MI
Vacancy
7.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,960
Cap Rate 7%
$194,257
Cap Rate 9%
$151,089
Alternative Uses
Best Use
Retail
$194.3K
$170.0K – $226.6K
NOI $13,598 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$293.8K
$257.1K – $342.8K
NOI $20,568 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
121k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 22%
Groceries 20%
Apparel 6%
McDonald's
Dining
26,195 visits/mo
0.2 miles
Busch's Fresh Food Market
Groceries
23,993 visits/mo
0.2 miles
Tim Hortons
Dining
14,932 visits/mo
0.1 miles
BP
Shops & Services
12,120 visits/mo
0.3 miles
Wendy's
Dining
10,062 visits/mo
0.2 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Salon in prime location near downtown Saline. No lease.
Where is this retail space located?
The property is located at 123 Keveling Dr Saline, MI.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Prime location near Michigan Ave and downtown Saline.; Turn‑key ±1,000 SF salon ready for immediate operation.; No lease – ideal for owner‑user.
