Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    26095 W 6 Mile Rd, Unit 1-6 Redford, MI 48240

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $799,999

    Six-unit commercial building with long-term tenants, great investment opportunity.

    Lot size:
    0.33 Acres

    Property Features for 26095 W 6 Mile Rd

    General Information

    Lot size
    0.33 Acres

    Building Details

    Year built
    1968

    We can help!

    Listing Contact
    Dawn Sullivan
    Source: Elliman

    Listing Agent: Dawn Sullivan

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

    Learn more

    Overview

    Freestanding Commercial Building For Sale

    This freestanding commercial building offers an investment opportunity with its six units totaling 6,225 square feet. Currently, five units are leased to long-term tenants, and the remaining unit is undergoing remodeling for a new tenant. Once completed, the entire building will be leased. The property includes parking spaces located at both the front and back of the building. The four HVAC units were replaced in 2012, and the roof was replaced in 2017, down to the metal decking. Signage is available on the front of the building. Zoned C-1, the property offers various investment opportunities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Redford
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2997279
    Latitude
    42.4135583

    Nearby Similar for Sale

    • $239,900
      1,900 SF

      Redford Commercial Building For Sale

      Commercial building in excellent condition, suitable for multiple uses.
      22300 W Warren Ave, Redford, MI 48239
      View Details
    • New
      $150,000
      1,092 SF

      Charming Home with Spacious Layout

      Charming home with hardwood floors, butler’s pantry, and double lot.
      20509 Poinciana, Redford, MI 48240
      View Details
    • $149,999
      2,000 SF

      Redford Commercial Building For Sale

      Versatile commercial building in high-traffic area suitable for various uses.
      25048 W 6 Mile Rd, Redford, MI 48240
      View Details
    • $300,000
      2,800 SF

      Established Business and Real Estate

      Well-established business and real estate for sale in Redford.
      26114 W 6 Mile Rd, Redford, MI 48240
      View Details
    • $179,000
      2,000 SF

      Redford Retail Opportunity on 8 Mile

      Stand-alone commercial building with frontage on 8 Mile Road.
      25335 W Eight Mile Rd, Redford, MI 48240
      View Details
    • $450,000
      1,599 SF

      Redford Restaurant Business and Property

      Well-established restaurant with real estate for sale in Redford, MI.
      27281 Grand River Ave, Redford, MI 48240
      View Details
    • $889,000
      11,026 SF

      Redford Commercial Building For Sale

      Freestanding, fully leased 8-unit commercial building in Redford, Michigan.
      26193 W 6 Mile Rd Rd, Redford, MI 48240
      View Details
    • $1,800,000
      4,029 SF

      Approved Adult-Use Provisioning Center

      Turnkey provisioning center with license and real estate included.
      24525 Plymouth Rd, Redford, MI 48239
      View Details
    • $699,000
      2,100 SF

      Turn-Key Liquor Store Opportunity

      Liquor store on a busy street with unreal potential.
      15300 Telegraph Rd, Redford, MI 48239
      View Details
    • Contact for pricing
      37,000 SF

      37,000 SF Showroom/Warehouse For Sale

      Three buildings on 2.73 acres with frontage on Telegraph Rd.
      14950-14990 Telegraph Rd, Redford, MI 48239
      View Details
    • Contact for pricing
      37,000 SF

      37,000 SF Industrial Portfolio

      Three buildings on 2.73 acres with frontage on Telegraph.
      14950 Telegraph Rd, Redford, MI 48239
      View Details
    • $248,000
      5,000 SF

      Redford Flex Space with Showroom

      Well-maintained flex space with showroom and industrial features for sale.
      26325 W 8 Mile Rd, Redford, MI 48240
      View Details

    FAQs

    What type of property is this?
    Storefront property - Six-unit commercial building with long-term tenants, great investment opportunity.
    Where is this storefront property located?
    The property is located at 26095 W 6 Mile Rd, Unit 1-6 Redford, MI.
    What is the asking price?
    The asking price for this property is $799,999.
    What are key features of this property?
    This property features: - Freestanding 6-unit commercial building offering a strong investment opportunity.; - Five units are currently leased with long-term tenants, providing immediate income.; - The remaining unit is being remodeled for a new tenant, ensuring full occupancy soon.
    (248) 625-0200
    Request Owner's contact information
    26095 W 6 Mile Rd, Unit 1-6 Redford, MI 48240
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    26095 W 6 Mile Rd, Unit 1-6
    Redford, MI 48240
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    26095 W 6 Mile Rd, Unit 1-6 Redford, MI 48240
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dawn Sullivan
    (248) 625-0200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.