Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Building with Asphalt Parking Title is generated by Realmo AI

    16149 E 10 Mile Rd Street, Eastpointe, MI 48021

    View on Map
    Claim this Listing
    For Sale
    $129,000

    COMMERCIAL - Eastpointe, MI

    Property size:
    1,000 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $129/SF
    Added:
    Feb 6, 2026
    Days on Market:
    118
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 16149 E 10 Mile Rd Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1419457006
    Size
    1,000 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1953

    We can help!

    Listing Contact
    Eric Goosen
    Eric Goosen

    Listing agent Eric Goosen License #6506037428

    Listing office Berkshire Hathaway HomeServices Kee Realty SCS 19900 E 10 Mile Rd Ste 104, MI

    Listing date Feb 6, 2026

    MLS# 50198930

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial building previously used as a dog grooming facility; client list and license available
    • Zoned commercial MU2
    • Occupancy certified; clean and ready to go
    • Recent updates include high‑efficiency LED lighting, newer front asphalt parking, new carpet, and painting
    • Roof central air, newer high‑efficiency furnace, updated electrical service
    • Forced air heat; public water source

    Overview

    This for-sale commercial building is approximately 1,000 square feet on a 0.06-acre lot and is certified for occupancy. The property was previously used as a dog grooming facility, and the client list and related license are available for sale. Recent updates include new high-efficiency LED lighting, newer high-efficiency furnace, updated electrical service, new carpet and fresh painting, and central air unit(s) located on the roof.

    The building is located at 16149 E 10 Mile Rd in Eastpointe, Michigan. It features newer front asphalt parking and is zoned commercial MU2. The property is positioned close to a very high volume Little Caesars store. The current tenant is in place but can be vacated quickly for a new owner.

    From a tenant or owner-operator standpoint, the building is set up for a retail-style user and is described as clean and ready to go, with modernized electrical and lighting improvements already in place. Availability should work for buyers seeking a straightforward transition, supported by occupancy certification and ongoing readiness for immediate use. Open house is scheduled for Saturday 6/6/26 at 11:00 AM.

    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 $12.0k $12.00
    − Vacancy −$1.4k −$1.44
    EGI $10.6k $10.56
    − OpEx −$3.2k −$3.17
    NOI $7.4k $7.39
    1,000 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $105.6K
    $92.4K – $123.2K (±1% cap)
    NOI $7,392 @ 7.0% cap · market cap 5.73%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $187.2K
    $163.8K – $218.4K (±1% cap)
    NOI $13,105 @ 7.0% cap · market cap 10.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Similar Places Nearby

    • Bellisario Florist — 23420 Gratiot Ave, Eastpointe, MI 48021

    Map

    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.955228
    Latitude
    42.479852

    Nearby Similar for Sale

    • $495,000
      2,725 SF

      Historic Farmhouse Office Building

      Well-maintained historic farmhouse with office-ready interior, generator, and fenced outdoor space on a commercial/industrial-zoned site.
      17526 E 10 Mile Road, Eastpointe, MI 48021
      View Details
    • $199,999
      1,492 SF

      Corner Retail and Office Building

      Corner storefront building with dedicated parking and strong visibility for retail, office, service, or medical owner-user use.
      15040 E 9 Mile Road, Eastpointe, MI 48021
      View Details
    • $199,000
      4,197 SF

      Former Medical Office Building

      Former medical building for sale with an elevator-equipped finished basement and zoning that allows office, retail, and personal service uses.
      20927 Kelly Road, Eastpointe, MI 48021
      View Details
    • $95,000
      760 SF

      Eastpointe Commercial Space on Corner

      Clean, updated commercial space in Eastpointe, move-in ready.
      17503 Stephens Drive, Eastpointe, MI 48021
      View Details
    • $590,000
      3,280 SF

      Eastpointe Commercial Building on 9 Mile

      Value-add investment opportunity in Eastpointe's high-traffic area.
      18400 E 9 Mile Rd E, Eastpointe, MI 48021
      View Details
    • $189,950
      652 SF

      Eastpointe Commercial Building For Sale

      Commercial building in a vibrant neighborhood, suitable for various businesses.
      15801 E 10 Mile Road, Eastpointe, MI 48021
      View Details
    • $350,000
      1,450 SF

      Gratiot Ave Retail Investment Opportunity

      Multi-tenant retail buildings on Gratiot Ave with investment upside.
      22125 Gratiot Ave, Eastpointe, MI 48021
      View Details
    • $180,000
      2,082 SF

      Split-Level Residential Income Property

      Split-level layout with 5 bedrooms and 2 baths, offering flexibility to configure separate living spaces.
      22454 Pleasant Avenue, Eastpointe, MI 48021
      View Details
    • $495,000

      Historic Farmhouse for Commercial Use

      Eastpointe farmhouse on 0.87 acres, commercially zoned and move-in ready.
      17526 E 10 Mile Rd, Eastpointe, MI 48021
      View Details
    • $69,500
      940 SF

      End-Unit Retail Storefront

      Well-maintained end-unit storefront on Kelly Road with included adjacent lot for flexible retail or service use.
      21043 Kelly Road, Eastpointe, MI 48021
      View Details
    • $499,900
      5,676 SF

      Move-in Ready Medical Facility

      Eastpointe medical facility with surgical suite and private parking.
      22480 Kelly Road, Eastpointe, MI 48021
      View Details
    • $699,000
      5,000 SF

      Established Business Opportunity For Sale

      Prime commercial property with an established, income-generating business included.
      24730 Gratiot Ave, Eastpointe, MI 48021
      View Details

    FAQs

    What type of property is this?
    Storefront property - Clean, move-in ready retail building with updated lighting, HVAC, and parking, currently licensed for dog grooming use.
    Where is this storefront property located?
    The property is located at 16149 E 10 Mile Rd Street Eastpointe, MI.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: Commercial building previously used as a dog grooming facility; client list and license available; Zoned commercial MU2; Occupancy certified; clean and ready to go
    (586) 899-3659
    We can help!
    Listing Contact
    Eric Goosen
    Eric Goosen
    Real Estate License ID: 6506037428
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16149 E 10 Mile Rd Street, Eastpointe, MI 48021
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!