Corner Retail and Office
15040 E 9 Mile Road Eastpointe, MI 48021
15040 E 9 Mile Road, Eastpointe, MI, 48021
$199,999
For Sale
$199,999
COMMERCIAL - Eastpointe, MI
Property Size1,492 SF
Lot Size0.12 Acres
Price / SF$134.05
Days on Market47
Property Features for 15040 E 9 Mile Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking
- 8
- Interior features
- Broadband
- 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
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
Building Details
- Year built
- 1973
- Number of units
- 1
- Building materials
- Brick
Listing Agency
Coldwell Banker Professionals
(734) 930-0200
2723 S State St. #300, Ann Arbor, MI
Listed by
Anthony James
(313) 409-6591
Added: Jun 3 Checked: Jul 19 at 9:06 am
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.
Investment Insights
Based on property information with market context.
This corner commercial building is suited for a range of storefront and office uses, with prominent retail visibility and dedicated parking. The property includes signage opportunities and convenient access designed to support customer-facing operations and owner-user occupancy.
Located at a signalized intersection on E. 9 Mile Road and Hayes Avenue in Eastpointe, the site benefits from easy day-to-day access and exposure to passing traffic. The surrounding area includes dense residential neighborhoods and established businesses, supporting a steady local customer base. Convenient connections to major thoroughfares including Gratiot Avenue help facilitate customer and employee travel, and a nearby bus stop adds additional access for visitors.
With approximately 1,492 square feet available, this property offers a compact footprint for tenants and buyers looking for a visible, accessible address without a large buildout requirement. The configuration and storefront focus make it a practical fit for retail, office, service, and medical uses, whether for a business operator seeking a long-term location or an investor evaluating a multi-use commercial asset in a busy corridor.
Located at a signalized intersection on E. 9 Mile Road and Hayes Avenue in Eastpointe, the site benefits from easy day-to-day access and exposure to passing traffic. The surrounding area includes dense residential neighborhoods and established businesses, supporting a steady local customer base. Convenient connections to major thoroughfares including Gratiot Avenue help facilitate customer and employee travel, and a nearby bus stop adds additional access for visitors.
With approximately 1,492 square feet available, this property offers a compact footprint for tenants and buyers looking for a visible, accessible address without a large buildout requirement. The configuration and storefront focus make it a practical fit for retail, office, service, and medical uses, whether for a business operator seeking a long-term location or an investor evaluating a multi-use commercial asset in a busy corridor.
Key Highlights
- Approximately 1,600 SF commercial building on a signalized corner at E. 9 Mile Road and Hayes Avenue in Eastpointe.
- Brick construction with forced‑air heating; built in 1973.
- Dedicated parking available and prominent storefront visibility for signage opportunities.
Local 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 | $17.9k | $12.00 |
| − Vacancy | −$2.1k | −$1.44 |
| EGI | $15.8k | $10.56 |
| − OpEx | −$4.7k | −$3.17 |
| NOI | $11.0k | $7.39 |
1,492 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$157.6K
$137.9K – $183.8K
NOI $11,029 @ 7.0% cap · market cap 5.51%
Second Best
Office B
$73.4K
$64.2K – $85.6K
NOI $5,136 @ 7.0% cap · market cap 2.57%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gina T Fashion
(Bike/Boat/Book/etc) Store
Pinnacle Windows and Doors
Hardware & Home Improvement
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Corner storefront building with dedicated parking and strong visibility for retail, office, service, or medical owner-user use.
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: Approximately 1,600 SF commercial building on a signalized corner at E. 9 Mile Road and Hayes Avenue in Eastpointe.; Brick construction with forced‑air heating; built in 1973.; Dedicated parking available and prominent storefront visibility for signage opportunities.
