Updated Super Market Building For
For Sale
Contact for pricing
14730 Champaign Road, Allen Park, MI 48101
Updated 5,820 sqft commercial building, currently a Super Market.
Property Size5,820 SF
Price / SF$137.27
Days on Market416
Property Features for 14730 Champaign Road
General Information
Standard status
Active
Size
5,820 SF
Property subtype
Special Purpose
Zoning
C1
Listing Agency:
CENTURY 21 Curran & Oberski Dearborn Heights
(313) 203-8215
Listed By:
Dave Abdallah · License #MI
Source:
Crexi
Added: Jul 2, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:46AM
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 CENTURY 21 Curran & Oberski Dearborn Heights
Investment Insights
Based on property information with market context.
This updated commercial building, totaling approximately 5,820 square feet, is currently operating as a Super Market and is available for sale. The property is located near Allen Park Middle School in a residential neighborhood. The building has been updated as of 2025 with new heating, central air conditioning, duct work, and a new roof. Additional updates include new exterior signage, fresh paint, new flooring, and new shelving. The main entrance features new automatic doors installed in 2025. The property includes three updated walk-in coolers and a freezer. A delivery truck is included in the sales price. The building features high ceilings and is in move-in condition. Land contract terms are available.
Key Highlights
- Updated in 2025 with new heat, central air, duct work, roof, exterior signage, flooring, shelving, and automatic doors.
- Includes 3 updated walk‑in coolers & freezer.
- Delivery truck included in the sales price.
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
$55,146
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
6.90%
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%
$1,102,920
$1.1M
Cap Rate 7%
$787,800
$787.8K
Cap Rate 9%
$612,733
$612.7K
Market Conditions
NOI Build-Up for 5,820 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
$83.8K $14.40/SF
− Vacancy
−$5.0K −$0.86/SF
EGI
$78.8K $13.54/SF
− OpEx
−$23.6K −$4.06/SF
NOI
$55.1K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,102,920
Cap Rate 7%
$787,800
Cap Rate 9%
$612,733
Alternative Uses
Best Use
Specialty Retail
$1.08M
$942.8K – $1.26M
NOI $75,427 @ 7.0% cap · market cap 9.44%
Second Best
Retail
$787.8K
$689.3K – $919.1K
NOI $55,146 @ 7.0% cap · market cap 6.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
9,078 visits/mo
0.5 miles
Marathon Petroleum
Shops & Services
5,087 visits/mo
0.5 miles
Extra Space Storage
Shops & Services
1,335 visits/mo
0.5 miles
Demographics for 48101, MI
28,664
Population
12,413
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
94%
High-School Grad
7.0 sq mi
ZIP Area
4,095
Density / Sq Mi
$80,045
Median Household Income
$51,658
Median Earnings
$1,181
Median Rent
$174,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Updated 5,820 sqft commercial building, currently a Super Market.
Where is this grocery and convenience store located?
The property is located at 14730 Champaign Road Allen Park, MI.
What is the asking price?
The asking price for this property is $798,900.
What are key features of this property?
This property features: Updated in 2025 with **new heat, central air, duct work, roof, exterior signage, flooring, shelving, and automatic doors.**; Includes **3 updated walk‑in coolers & freezer.**; Delivery truck included in the sales price.
