Detroit Family Dollar Net
14305 Harper Ave, Detroit, MI 48213
Single-tenant Family Dollar property with lease until 2027.
Type:Business for Sale
Property size:
8,000 SFLot size:
0.35 AcresPrice / SF:
$152/SF- Added:
- Nov 13, 2025
- Days on Market:
- 189
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 14305 Harper Ave
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 0.35 Acres
- Property subtype
- Business for Sale
Building Details
- Year Built
- 1937
Listing agent Joe Manuel License #6502433177
Listing office My Realty
Listing date Nov 13, 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 My Realty
HighLights
- Single‑tenant net lease Family Dollar property in Detroit, MI.
- Located at the hard corner of Harper Avenue & Chalmers Street with multiple points of entry/access.
- Strong dollar store demographics in a densely populated market, 15 minutes from downtown Detroit, MI.
- NNN+ lease with ±2.7 years remaining and (2) 5‑year renewal options.
- New 2015 renovation.
- ±8,000 SF building situated on ±0.35 acres.
Overview
This single-tenant Family Dollar property is located in Detroit, MI. The building underwent renovations in 2015. The property operates under a NNN+ lease with approximately 2.7 years remaining, and includes two 5-year renewal options. The property is located at the corner of Harper Avenue and Chalmers Street, and features multiple points of entry and access. The building encompasses approximately 8,000 square feet and is situated on approximately 0.35 acres. The property is located in a densely populated market, approximately 15 minutes from downtown Detroit, MI.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$1.17M
NOI $105,574 @ 9.00% cap · cautious / downside scenario
Moderate
$1.51M
NOI $105,574 @ 7.00% cap · market / base-case scenario
Aggressive
$2.11M
NOI $105,574 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $148.8k | $18.60 |
| − Vacancy | −$8.0k | −$1.00 |
| EGI | $140.8k | $17.60 |
| − OpEx | −$35.2k | −$4.40 |
| NOI | $105.6k | $13.20 |
8,000 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,574 @ 7.0% cap · market cap 8.65%
Second Best
Retail
$1.41M
$1.23M – $1.64M
NOI $98,535 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,538 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
Similar Places Nearby
- Farmer John Food Center — 9731 Harper Ave, Detroit, MI 48213
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9657066
- Latitude
- 42.4045856
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Single-tenant Family Dollar property with lease until 2027.
Where is this grocery and convenience store located?
The property is located at 14305 Harper Ave Detroit, MI.
What is the asking price?
The asking price for this property is $1,220,000.
What are key features of this property?
This property features: Single‑tenant net lease Family Dollar property in Detroit, MI.; Located at the **hard corner of Harper Avenue & Chalmers Street** with multiple points of entry/access.; Strong dollar store demographics in a densely populated market, 15 minutes from downtown Detroit, MI.
