Turn-Key Candy
8323 PACKARD Avenue Warren, MI 48089
8323 PACKARD Avenue, Warren, MI, 48089
$79,900
For Sale
$79,900
Turn-key candy store built for immediate operation in a retail storefront setting.
Property Size540 SF
Price / SF$147.96
Days on Market494
Property Features for 8323 PACKARD Avenue
General Information
- Standard status
- Active
- Size
- 540 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1950
Listing agency
EXP Realty Main
(313) 283-4629
Listed by
Ta'Nia Thomas · License #6506046843
(313) 283-4629
Source
Exitrealty
Added: Mar 15, 2025 Updated: Jul 21 at 12:07AM Checked: Jul 21 at 4:59AM
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 EXP Realty Main
Investment Insights
Based on property information with market context.
This turn-key candy store is described as fully compliant and ready for immediate operation, offering a complete retail setup for a new owner. The offering is presented as a storefront retail space with an active candy concept.
The property is located at 8323 Packard Avenue in Warren, MI, positioned directly across from three schools. This placement is intended to support regular walk-in demand tied to school activity.
Additional property details beyond the retail storefront configuration, size, and turn-key description were not provided.
The property is located at 8323 Packard Avenue in Warren, MI, positioned directly across from three schools. This placement is intended to support regular walk-in demand tied to school activity.
Additional property details beyond the retail storefront configuration, size, and turn-key description were not provided.
Key Highlights
- Built in 1950
- Turn‑key candy store set up for immediate operation in a retail storefront setting
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 | $10.0k | $18.60 |
| − Vacancy | −$542 | −$1.00 |
| EGI | $9.5k | $17.60 |
| − OpEx | −$2.9k | −$5.28 |
| NOI | $6.7k | $12.32 |
540 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$95.0K
$83.1K – $110.9K
NOI $6,651 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$119.1K
$104.2K – $139.0K
NOI $8,339 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Turn-key candy store built for immediate operation in a retail storefront setting.
Where is this storefront property located?
The property is located at 8323 PACKARD Avenue Warren, MI.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: Built in 1950; Turn‑key candy store set up for immediate operation in a retail storefront setting
