Retail Storefront with Salon
New
For Sale
$399,000
5637 Middlebelt Rd, Garden City, MI 48135
Well-maintained storefront with on-site parking and recent HVAC and water heater replacements, currently operating as a hair salon.
Days on Market7
Property Features for 5637 Middlebelt Rd
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Building Size
1,760 SF
Year Built
1956
Listing Agency:
RE/MAX Team 2000
(313) 912-5566
Listed By:
Michael Beydoun · License #6501354088
(313) 912-5566
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 30 at 6:40AM
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 RE/MAX Team 2000
Investment Insights
Based on property information with market context.
This well-maintained retail storefront is currently operating as a hair salon and is set up for day-to-day customer service use. Recent improvements include a new HVAC system and a new water heater installed within the last three years.
Located in Downtown Garden City on Middlebelt Road, just north of Ford Road, the property benefits from strong exposure along an established retail corridor. Ample on-site parking supports convenient customer access, and the area scores reflect moderate alternative transit options (BikeScore 58, WalkScore 54).
The surrounding mix includes national and local retailers, restaurants, and service businesses, making the space suitable for a variety of retail, office, medical, or service-oriented uses.
Located in Downtown Garden City on Middlebelt Road, just north of Ford Road, the property benefits from strong exposure along an established retail corridor. Ample on-site parking supports convenient customer access, and the area scores reflect moderate alternative transit options (BikeScore 58, WalkScore 54).
The surrounding mix includes national and local retailers, restaurants, and service businesses, making the space suitable for a variety of retail, office, medical, or service-oriented uses.
Key Highlights
- Year built 1956 commercial property in Downtown Garden City on Middlebelt Rd, just north of Ford Rd
- Currently operating as a hair salon storefront
- Recent upgrades: new HVAC system and water heater installed within the last 3 years
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 | $25.3k | $14.40 |
| − Vacancy | −$1.5k | −$0.86 |
| EGI | $23.8k | $13.54 |
| − OpEx | −$7.1k | −$4.06 |
| NOI | $16.7k | $9.48 |
1,760 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$238.2K
$208.5K – $277.9K
NOI $16,676 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$325.9K
$285.1K – $380.2K
NOI $22,810 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
109k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 38%
Apparel 5%
Groceries 2%
McDonald's
Dining
32,019 visits/mo
0.5 miles
Dollar Tree
Shops & Services
16,471 visits/mo
0.2 miles
Chase Bank
Shops & Services
15,193 visits/mo
0.5 miles
Family Dollar
Shops & Services
9,443 visits/mo
0.3 miles
Taco Bell
Dining
7,649 visits/mo
0.5 miles
Demographics for 48135, MI
27,380
Population
11,395
Households
2.4
Avg Household Size
41
Median Age
15%
College-Educated
91%
High-School Grad
5.9 sq mi
ZIP Area
4,641
Density / Sq Mi
$64,396
Median Household Income
$39,987
Median Earnings
$991
Median Rent
$162,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Boland Florist — 29517 Ford Rd, Garden City, MI 48135
- The Wild Iris Floral Boutique — 6205 Middlebelt Rd, Garden City, MI 48135
Frequently Asked Questions
What type of property is this?
Storefront property - Well-maintained storefront with on-site parking and recent HVAC and water heater replacements, currently operating as a hair salon.
Where is this storefront property located?
The property is located at 5637 Middlebelt Rd Garden City, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Year built 1956 commercial property in Downtown Garden City on Middlebelt Rd, just north of Ford Rd; Currently operating as a hair salon storefront; Recent upgrades: new HVAC system and water heater installed within the last 3 years
