1215 W Oakley Park Road, Commerce Twp, MI 48390
20+ year convenience store with liquor, beer, wine, lotto.
- Added:
- Oct 4, 2024
- Days on Market:
- 643
- Last Refresh:
- May 13 at 12:40 am
Property Features for 1215 W Oakley Park Road
General Information
- Standard status
- Active
- Size
- 3,117 SF
- Property subtype
- Special Purpose
Listing office CENTURY 21 Curran & Oberski Dearborn Heights (313) 274-7200
Listing date Oct 4, 2024
Source Crexi
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 CENTURY 21 Curran & Oberski Dearborn Heights
HighLights
- Established convenience store (20+ years) with liquor/beer/wine/lotto license included
- Multi‑unit rental income from apartment above store and attached house
- Includes business, building, land, house, apartment, and liquor license in sale
- High traffic location close to South Commerce Lake with lake views
- Land development opportunity
- Land contract terms available
Overview
Local Financial Insights For Specialty 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 | $67.3k | $21.60 |
| − Vacancy | −$4.6k | −$1.47 |
| EGI | $62.7k | $20.13 |
| − OpEx | −$15.7k | −$5.03 |
| NOI | $47.1k | $15.10 |
Alternative Uses
Current Use by Public Records
Map
- City
- Commerce Twp
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4976659
- Latitude
- 42.56882
