Corner Retail Space with Two Curb
For Sale
Contact for pricing
4089 Dix Hwy, Lincoln Park, MI 48146
Retail space offers convenient freeway access and abundant on-site parking on a corner site with two curb cuts.
Property Size11,942 SF
Price / SF$83.65
Days on Market475
Property Features for 4089 Dix Hwy
General Information
Standard status
Active
Size
11,942 SF
Property subtype
RETAIL
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Listing Agency:
NAI Farbman - Corporate
(248) 351-4391
Listed By:
Nathan Casey · License #6501410787
(248) 351-4391
Source:
Moodyscre
Added: Apr 25, 2025
Changed: Jul 30
Last Checked: Aug 12 at 8:39AM
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 NAI Farbman - Corporate
Investment Insights
Based on property information with market context.
Retail space at 4089 Dix Hwy provides convenient access to I-75, I-94, and the Southfield Freeways, making it practical for customers and daily operations. The property is a corner site with two curb cuts, supporting flexible ingress and egress for retail or office users.
On-site parking is highlighted as abundant, and the property size is 11,942 SF. The overall configuration and location are positioned for strong commercial visibility with high traffic counts, supporting retail or office occupancy. If you are looking for a site with straightforward freeway connectivity and multiple curb-cut access, this corner property is worth considering.
On-site parking is highlighted as abundant, and the property size is 11,942 SF. The overall configuration and location are positioned for strong commercial visibility with high traffic counts, supporting retail or office occupancy. If you are looking for a site with straightforward freeway connectivity and multiple curb-cut access, this corner property is worth considering.
Key Highlights
- 11,942 SF retail space
- Corner site with two curb cuts
- Easy access to I‑75, I‑94 and the Southfield Freeways
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,110
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$822,200
$822.2K
Cap Rate 7%
$587,286
$587.3K
Cap Rate 9%
$456,778
$456.8K
Market Conditions
NOI Build-Up for 11,942 SF
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.
Gross rent
$71.7K $6.00/SF
− Vacancy
−$16.8K −$1.41/SF
EGI
$54.8K $4.59/SF
− OpEx
−$13.7K −$1.15/SF
NOI
$41.1K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$822,200
Cap Rate 7%
$587,286
Cap Rate 9%
$456,778
Alternative Uses
Best Use
Retail
$1.62M
$1.41M – $1.89M
NOI $113,153 @ 7.0% cap · market cap 11.33%
Second Best
Office B
$587.3K
$513.9K – $685.2K
NOI $41,110 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$2.21M
$1.93M – $2.58M
NOI $154,768 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 48146, MI
40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space offers convenient freeway access and abundant on-site parking on a corner site with two curb cuts.
Where is this retail space located?
The property is located at 4089 Dix Hwy Lincoln Park, MI.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 11,942 SF retail space; Corner site with two curb cuts; Easy access to I‑75, I‑94 and the Southfield Freeways
