Updated Retail Building with Fenced
16900 W Warren Avenue Detroit, MI 48228
16900 W Warren Avenue, Detroit, MI, 48228
$899,900
For Sale
$899,900
An updated retail building on a large fenced lot with refreshed windows, roof, and parking improvements.
Property Size5,000 SF
Price / SF$179.98
Days on Market80
Property Features for 16900 W Warren Avenue
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1941
Listing agency
UBTEO
(313) 850-0505
Listed by
Sam Ellehaf
(313) 850-0505
Source
Homesforsaleinmich
Added: May 4 Updated: Jul 22 at 1:00AM Checked: Jul 22 at 6:06AM
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 UBTEO
Investment Insights
Based on property information with market context.
This sale offering features an approximately 5,000-square-foot retail building and a large fenced-in lot. The property has been updated top to bottom, including improvements to the windows, roof, parking lot, plumbing, and electrical.
The building is located in a busy area of Warrendale, with on-site parking and a secured perimeter provided by the fenced lot.
The most notable operational advantage here is the combination of a refurbished retail structure and enclosed outdoor space, supported by recent upgrades to key building systems.
The building is located in a busy area of Warrendale, with on-site parking and a secured perimeter provided by the fenced lot.
The most notable operational advantage here is the combination of a refurbished retail structure and enclosed outdoor space, supported by recent upgrades to key building systems.
Key Highlights
- Updated retail building built in 1941
- Almost 5,000 SF building with a large, fully fenced lot
- Refreshes include new windows and roof
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 | $93.0k | $18.60 |
| − Vacancy | −$5.0k | −$1.00 |
| EGI | $88.0k | $17.60 |
| − OpEx | −$26.4k | −$5.28 |
| NOI | $61.6k | $12.32 |
5,000 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$879.8K
$769.8K – $1.03M
NOI $61,585 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$898.6K – $1.20M
NOI $71,889 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ROYAL FURNITURE & GIFTS
Furniture & Home Goods
Tax R Us ...
Tax Preparation
Baobab Fare, 2.0
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - An updated retail building on a large fenced lot with refreshed windows, roof, and parking improvements.
Where is this retail space located?
The property is located at 16900 W Warren Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Updated retail building built in 1941; Almost 5,000 SF building with a large, fully fenced lot; Refreshes include new windows and roof
