Mixed-Use Property with Adjacent
New
For Sale
$250,000
8415 Brush St, Detroit, MI 48202
Two-building property includes storage space and second-floor apartments.
Days on Market2
Property Features for 8415 Brush St
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,076
Building Details
Building Size
1,735 SF
Year Built
1890
Buildings
2
Listing Agency:
Real Estate One-Southfield
(248) 723-0055
Listed By:
Gene Kelley II · License #6501293908
(248) 723-0055
Source:
Elliman
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 2 at 3:07AM
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 One-Southfield
Investment Insights
Based on property information with market context.
This mixed-use property comprises two connected buildings at 8415 Brush St, with additional frontage at 8417-8419 Brush St. The improvements include storage areas and 2 apartments on the second floor, while an adjoining lot at 325 E. Euclid is included. Combined, the property offers almost 7000 sqft. of developable area. The sale is offered as-is, and the buildings date to 1890.
The property is located in Detroit’s New North End District, with a Walk Score of 70, a BikeScore of 56, and a TransitScore of 47. The site has operated for approximately 50 years as Reynolds Sewer Cleaning and Plumbing Supply, providing an established commercial use alongside its residential and storage components.
The property is located in Detroit’s New North End District, with a Walk Score of 70, a BikeScore of 56, and a TransitScore of 47. The site has operated for approximately 50 years as Reynolds Sewer Cleaning and Plumbing Supply, providing an established commercial use alongside its residential and storage components.
Key Highlights
- Almost 7000 sqft. of developable area
- Two connected buildings at 8415 Brush St and 8417‑8419 Brush St
- 2 second‑floor apartments plus storage space
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 | $32.3k | $18.60 |
| − Vacancy | −$1.7k | −$1.00 |
| EGI | $30.5k | $17.60 |
| − OpEx | −$9.2k | −$5.28 |
| NOI | $21.4k | $12.32 |
1,735 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$305.3K
$267.1K – $356.2K
NOI $21,370 @ 7.0% cap · market cap 8.55%
Second Best
Mixed Use
$294.5K
$257.7K – $343.5K
NOI $20,612 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$382.7K
$334.9K – $446.5K
NOI $26,792 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,623
Businesses Nearby
Explore this area
Business Placement
Demographics for 48202, MI
17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value
Market
Properties on Market for Mixed-use properties in Detroit
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-building property includes storage space and second-floor apartments.
Where is this mixed-use property located?
The property is located at 8415 Brush St Detroit, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Almost 7000 sqft. of developable area; Two connected buildings at 8415 Brush St and 8417‑8419 Brush St; 2 second‑floor apartments plus storage space
