Turn-Key Salon Near Michigan
123 Keveling Dr Saline, MI
For Sale
Contact for pricing
Salon in prime location near downtown Saline. No lease.
Property Size1,000 SF
Lot Size0.02 Acres
Price / SF$290
Days on Market448
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
(734) 994-3100
Listed By:
James H. Chaconas
(734) 994-3100
Source:
Moodyscre
Added: May 2, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:29AM
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
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 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 | $21.0k | $21.00 |
| − Vacancy | −$1.6k | −$1.58 |
| EGI | $19.4k | $19.43 |
| − OpEx | −$5.8k | −$5.83 |
| NOI | $13.6k | $13.60 |
1,000 SF · lease $21.00/SF/yr · vacancy 7.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Salon Varga
Hair Salon
Jennifer4hair
Hair Salon
Nails by Alley ...
Nail Salon
FAQs
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.
