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    11122 Hayes St Detroit, MI 48213

    For Sale
    $610,000

    Cash-flowing retail strip center with equipped restaurant space.

    Property size:
    8,850 SF
    Lot size:
    0.33 Acres

    Property Features for 11122 Hayes St

    General Information

    Size
    8,850 SF
    Lot size
    0.33 Acres

    Source: Century 21 Commercial Curran & Oberski | Dearborn Heights Agent George Jarrous

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Strip Center For Sale

    This retail strip center is situated on over half an acre and comprises 8 units. Currently, 7 units are leased, generating a gross monthly income of $7,000, totaling $84,000 annually. The tenant mix includes a barbershop, a beauty studio leased by room, and a daycare center occupying two units. One vacancy remains, which is a fully equipped restaurant space ready for occupancy or lease. The property contains 8,850 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Glory To God Christian ... Church

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9645355
    Latitude
    42.4172178

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    FAQs

    What type of property is this?
    Strip mall - Cash-flowing retail strip center with equipped restaurant space.
    Where is this strip mall located?
    The property is located at 11122 Hayes St Detroit, MI.
    What is the asking price?
    The asking price for this property is $610,000.
    What are key features of this property?
    This property features: - Cash-flowing retail strip center generating $84,000 yearly in rental income.; - High occupancy rate with 7 of 8 units currently leased.; - Strong tenant mix including barbershop, beauty studio, and daycare center.
    (313) 942-9007
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11122 Hayes St Detroit, MI 48213
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