Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Storefront in Allen Park Title is generated by Realmo AI

    6831 ALLEN Road, Allen Park, MI 48101

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,400/Mo $12 SF/Yr (calc)

    Highly visible 1300 SF storefront in downtown Allen Park.

    Type:Rental
    Property size:
    1,300 SF
    Lot size:
    0.04 Acres
    Added:
    Sep 14, 2024
    Days on Market:
    615
    Last Refresh:
    May 19 at 11:49 pm

    Property Features for 6831 ALLEN Road

    General Information

    Standard status
    Active
    Size
    1,300 SF
    Lot size
    0.04 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    1951

    We can help!

    Listing Contact
    Jeffrey A Daniel

    Listing agent Jeffrey A Daniel License #6501158034

    Listing office Real Estate Unlimited, Inc

    Listing date Sep 14, 2024

    Source Exitrealty

    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 Real Estate Unlimited, Inc

    HighLights

    • Prime free‑standing store front in a highly visible, outstanding location.
    • Situated in the heart of the extremely popular Downtown Allen Park business district.
    • High traffic count and lots of municipal free parking for clients.
    • Great sign exposure on the south side of the building.
    • 1300 square foot building.
    • Professionally managed building.

    Overview

    This is a free-standing storefront building with 1300 square feet of space, situated in the heart of the downtown Allen Park business district. The location is highly visible within an active downtown area that features shopping, coffee shops, dining options, medical and dental offices, retail establishments, fitness facilities, insurance providers, financial planners, banks, and a hardware store, among other businesses. The synergy of these businesses draws clients to this destination daily. The space is located close to the corner and offers municipal free parking for clients. High traffic volume and the south side of the building provide sign exposure. The property will be professionally managed and is also for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lucy's Beauty Boutique Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Kroger Floral Department — 2060 Dix Hwy, Lincoln Park, MI 48146
    • Say It With Flowers — 7635 Allen Rd, Allen Park, MI 48101
    • Blossoms Florist — 6134 regina ave, allen park, mi 48101
    • Bambi's Flowers — 5903 Allen Rd, Allen Park, MI 48101

    Location Insight

    • Map
    • Local Demand
    City
    Allen Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2118434
    Latitude
    42.2568371

    Nearby Similar for Lease

    • $6,000/Mo
      6,000 SF

      High-Exposure Retail/Office Space Available

      6000 sqft space with high traffic on Southfield Rd.
      6530 ALLEN Rd, Allen Park, MI 48101
      View Details
    • $2,500/Mo
      4,453 SF

      Medical Building Unit For Rent

      Renovated medical building unit with reception and exam rooms.
      19100 GODDARD Road, Allen Park City, MI 48101
      View Details
    • $1,100/Mo
      2,632 SF

      Updated Office Suite For Rent

      New office suite with open space and private bathroom.
      19306 ECORSE Road Suite 101, Allen Park City, MI 48101
      View Details
    • $2,550/Mo

      Visible Office Space on Southfield

      Professional/medical office space with ample parking and high visibility.
      15201 SOUTHFIELD Rd, Allen Park, MI 48101
      View Details
    • Contact for pricing
      605 SF

      Drive-Thru Restaurant Space Available

      605 SF drive-thru in Allen Park, Michigan.
      16006 Southfield Rd, Allen Park, MI 48101
      View Details
    • Contact for pricing

      Retail Center Near Ford HQ

      Retail center with restaurant pad site near Ford World HQ.
      16630 Southfield Rd, Allen Park, MI 48101
      View Details
    • Contact for pricing
      5,750 SF

      Retail Space in Fairlane Green

      Retail space available in a premier Metro Detroit shopping center.
      3310 Fairlane Dr, Allen Park, MI
      View Details
    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      3565 Fairlane Dr, Allen Park, MI 48101
      View Details
    • Contact for pricing
      4,650 SF

      Retail Space in Allen Park

      Retail space available in premier Metro Detroit shopping center.
      3424 Fairlane Dr, Allen Park, MI
      View Details
    • $24 SF/Yr

      Allen Park Medical Office Space

      Turn-key medical office space available for lease.
      8338 Allen Rd, Allen Park, MI 48101
      View Details
    • Contact for pricing

      Adaptable Flex Space Available

      Flexible space with ample parking in high-image facility.
      17225 Federal Dr, Allen Park, MI 48101
      View Details
    • $17 SF/Yr

      Allen Park Office Space

      Office space available for lease in Allen Park.
      7445 Allen Rd, Allen Park, MI 48101
      View Details

    FAQs

    What type of property is this?
    Storefront property - Highly visible 1300 SF storefront in downtown Allen Park.
    Where is this storefront property located?
    The property is located at 6831 ALLEN Road Allen Park, MI.
    What is the lease rate?
    The lease rate is $1,400 /Mo.
    What are key features of this property?
    This property features: Prime free‑standing store front in a highly visible, outstanding location.; Situated in the heart of the extremely popular Downtown Allen Park business district.; High traffic count and lots of municipal free parking for clients.
    (313) 383-4400
    We can help!
    Listing Contact
    Jeffrey A Daniel
    Real Estate License ID: 6501158034
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    6831 ALLEN Road, Allen Park, MI 48101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!