16325 W WARREN AVE, Detroit, MI 48228
Remodeled storefront with organized inventory and a built-in work space for window and screen repair.
- Added:
- Mar 18, 2025
- Days on Market:
- 460
- Last Refresh:
- Jun 20 at 9:33 am
Property Features for 16325 W WARREN AVE
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Business for Sale, Retail
Building Details
- Year Built
- 1958
Listing agent Sam Sakka License #MI
Listing office Remax 100
Listing date Mar 18, 2025
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 Remax 100
HighLights
- Hardware store business with a focus on window and screen replacement or repair
- Remodeled storefront with organized inventory
- Built‑in facility/work space for window and screen repair work
- Established property with a 1958 year built
- Located on high‑traffic Warren Avenue near the Southfield Freeway
Overview
The location is on high-traffic Warren Avenue, with recently revamped sidewalks and walkways that improve the pedestrian approach. The immediate area includes multiple establishments as well as nearby residential homes. The property is also noted to be close to the Southfield Freeway.
For a purchaser, this setup is well suited to a hardware-focused operator or a business that needs both retail sales and on-site work capability. The existing specialization in window and screen replacement or repair may appeal to buyers seeking a ready-to-operate storefront concept with space for executing the work tied to those sales. All measurements and information are approximate, and the purchaser and purchaser’s agent should verify details during due diligence.
Local 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 | $37.2k | $18.60 |
| − Vacancy | −$2.0k | −$1.00 |
| EGI | $35.2k | $17.60 |
| − OpEx | −$10.6k | −$5.28 |
| NOI | $24.6k | $12.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.938594
- Latitude
- 42.403125
