Newly Constructed Strip
For Sale
$950,000
16777 E 13 Mile Rd, Fraser, MI 48026
Retail suites offer flexible configurations for businesses seeking space for sale or lease.
Property Size4,783 SF
Days on Market53
Property Features for 16777 E 13 Mile Rd
General Information
Standard status
Active
Size
4,783 SF
Property subtype
Retail - Strip
Building Details
Building Size
4,783 SF
Listing Agency:
Keystone Commercial Real Estate
Listed By:
Ferris Hamama · License #6501255590
(248) 356-8000
Source:
Commercialcafe
Added: Aug 25
Changed: Oct 15
Last Checked: Oct 16 at 5:50AM
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 Keystone Commercial Real Estate
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Investment Insights
Based on property information with market context.
This newly constructed strip mall at 16777 E 13 Mile Rd includes retail suites ranging from 895 to 2,994 square feet. The spaces are offered for sale or lease, providing multiple configuration options within the property.
The Fraser location is positioned within a sizable surrounding population base, with more than 13,740 residents within one mile and 308,880 residents within five miles. The average resident age within the surrounding area is 41.5 years.
The Fraser location is positioned within a sizable surrounding population base, with more than 13,740 residents within one mile and 308,880 residents within five miles. The average resident age within the surrounding area is 41.5 years.
Key Highlights
- Newly constructed strip mall at 16777 E 13 Mile Rd, Fraser, MI 48026
- Retail suites range from 895 - 2,994 SF
- Spaces available for sale or lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,356
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,120
$707.1K
Cap Rate 7%
$505,086
$505.1K
Cap Rate 9%
$392,844
$392.8K
Market Conditions
NOI Build-Up for 4,783 SF
Gross rent
$57.4K $12.00/SF
− Vacancy
−$6.9K −$1.44/SF
EGI
$50.5K $10.56/SF
− OpEx
−$15.2K −$3.17/SF
NOI
$35.4K $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%
$707,120
Cap Rate 7%
$505,086
Cap Rate 9%
$392,844
Alternative Uses
Best Use
Retail
$505.1K
$442.0K – $589.3K
NOI $35,356 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$895.5K
$783.5K – $1.04M
NOI $62,682 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 48%
Electronics 2%
Dollar Tree
Shops & Services
18,390 visits/mo
0.3 miles
Ram's Horn
Dining
9,572 visits/mo
0.1 miles
Jimmy John's
Dining
9,535 visits/mo
0.4 miles
Family Dollar
Shops & Services
7,638 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
6,919 visits/mo
0.3 miles
Demographics for 48026, MI
14,726
Population
6,778
Households
2.2
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
3,592
Density / Sq Mi
$61,118
Median Household Income
$40,198
Median Earnings
$827
Median Rent
$193,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Retail suites offer flexible configurations for businesses seeking space for sale or lease.
Where is this strip mall located?
The property is located at 16777 E 13 Mile Rd Fraser, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Newly constructed strip mall at 16777 E 13 Mile Rd, Fraser, MI 48026; Retail suites range from 895 - 2,994 SF; Spaces available for sale or lease
