Corner Storefront
For Sale
$199,999
15040 E 9 Mile Road, Eastpointe, MI 48021
Commercial Sale, Eastpointe, MI
Property Size1,600 SF
Lot Size0.12 Acres
Price / SF$134.05
Days on Market139
Property Features for 15040 E 9 Mile Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
8
Interior features
Broadband
Subdivision
HALFWAY LITTLE FARMS
Elementary school district
Eastpointe
Middle school district
Eastpointe
High school district
Eastpointe
Directions
GRATIOT TO 9 MILE
Standard status
Active
APN
02-14-31-101-016
Size
1,492 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEE TITLE
Tax Annual Amount
5110
Legal Description
SEE TITLE
Utilities
Utilities
Cable Available
Heating system
Forced Air
Amenities
prominent storefront visibility
signage opportunities
Building Details
Year built
1973
Number of units
1
Building materials
Brick
Listing Agency:
Coldwell Banker Professionals
(734) 930-0200
Listed By:
Anthony James
(313) 409-6591
Added: Jun 3
Changed: Oct 8
Last Checked: Oct 19 at 7:06PM
MLS# 26026713
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This storefront property is a brick commercial building constructed in 1973, with approximately 1,492 square feet of building area and a bathroom. Forced-air heating, broadband, and cable availability support a range of commercial operations. Dedicated parking and signage opportunities add practical functionality for an occupant or customer-facing business.
The property occupies a corner at the signalized intersection of E. 9 Mile Road and Hayes Avenue in Eastpointe, with access to Gratiot Avenue and a nearby bus stop. It is adjacent to established businesses and surrounded by dense residential neighborhoods. The site is presented for retail, office, service, medical, or owner-user occupancy.
The property occupies a corner at the signalized intersection of E. 9 Mile Road and Hayes Avenue in Eastpointe, with access to Gratiot Avenue and a nearby bus stop. It is adjacent to established businesses and surrounded by dense residential neighborhoods. The site is presented for retail, office, service, medical, or owner-user occupancy.
Key Highlights
- Corner location at the signalized intersection of E. 9 Mile Road and Hayes Avenue
- Approximately 1,492 square feet of building area
- Dedicated parking and signage opportunities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,029
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,580
$220.6K
Cap Rate 7%
$157,557
$157.6K
Cap Rate 9%
$122,544
$122.5K
Market Conditions
NOI Build-Up for 1,492 SF
Gross rent
$17.9K $12.00/SF
− Vacancy
−$2.1K −$1.44/SF
EGI
$15.8K $10.56/SF
− OpEx
−$4.7K −$3.17/SF
NOI
$11.0K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,580
Cap Rate 7%
$157,557
Cap Rate 9%
$122,544
Alternative Uses
Best Use
Retail
$157.6K
$137.9K – $183.8K
NOI $11,029 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$279.3K
$244.4K – $325.9K
NOI $19,553 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Dining 37%
Electronics 13%
Beauty & Spa 11%
7-Eleven
Shops & Services
8,254 visits/mo
0.1 miles
Marathon
Shops & Services
6,350 visits/mo
0.5 miles
Tropical Smoothie Cafe
Dining
5,952 visits/mo
0.3 miles
Wingstop
Dining
5,107 visits/mo
0.3 miles
My Salon Suite
Beauty & Spa
4,118 visits/mo
0.3 miles
Demographics for 48021, MI
34,244
Population
14,124
Households
2.4
Avg Household Size
37
Median Age
15%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,715
Density / Sq Mi
$58,196
Median Household Income
$35,836
Median Earnings
$1,335
Median Rent
$129,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Bellisario Florist — 23420 Gratiot Ave, Eastpointe, MI 48021
Frequently Asked Questions
What type of property is this?
Storefront property - Brick commercial building with dedicated parking, signage opportunities, and access to major thoroughfares.
Where is this storefront property located?
The property is located at 15040 E 9 Mile Road Eastpointe, MI.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Corner location at the signalized intersection of E. 9 Mile Road and Hayes Avenue; Approximately 1,492 square feet of building area; Dedicated parking and signage opportunities
