Updated One-Story Retail/Office
For Sale
Contact for pricing
16906 E 9 Mile Road, Eastpointe, MI 48021
Brick one-story building with large display windows, central air/heat, and flexible rooms for retail or professional use.
Property Size1,300 SF
Price / SF$115.38
Days on Market104
Property Features for 16906 E 9 Mile Road
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Office, Retail, Industrial
Zoning
Commercial/Office
Site & Location
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1925
Stories
1
Listing Agency:
Exp Realty
(313) 600-6189
Listed By:
Jay Naim · License #6501426431
Source:
Crexi
Added: Apr 25
Changed: Jul 10
Last Checked: Aug 6 at 8:11AM
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 Exp Realty
Investment Insights
Based on property information with market context.
This brick, one-story commercial building offers an updated interior and a flexible layout designed for a variety of storefront and professional uses. The space includes multiple finished rooms that can work as offices, treatment rooms, private work areas, and storage, along with front display windows for customer-facing visibility. The building is equipped with central air and forced heat. Public water and sewer service are in place, and the property includes alley access with convenient street parking.
Located on E 9 Mile Road in Eastpointe, the property benefits from strong street presence and a high-profile frontage with large front windows suitable for retail, service, and office users. The site is positioned among established businesses and within dense residential neighborhoods, supporting an owner-user or small business plan with straightforward customer access.
Zoned Commercial/Office, the building can accommodate a wide range of operating models, including retail, office, salon/barber, medical, service business, professional practice, boutique fitness, convenience store, and restaurant takeout. It’s also well-suited for specialty showroom or similar front-of-house concepts that require separate rooms for different functions. For qualified buyers, land contract is available.
Located on E 9 Mile Road in Eastpointe, the property benefits from strong street presence and a high-profile frontage with large front windows suitable for retail, service, and office users. The site is positioned among established businesses and within dense residential neighborhoods, supporting an owner-user or small business plan with straightforward customer access.
Zoned Commercial/Office, the building can accommodate a wide range of operating models, including retail, office, salon/barber, medical, service business, professional practice, boutique fitness, convenience store, and restaurant takeout. It’s also well-suited for specialty showroom or similar front-of-house concepts that require separate rooms for different functions. For qualified buyers, land contract is available.
Key Highlights
- Approximately 1,300 sq ft brick, one‑story commercial building on E 9 Mile Road (busy Eastpointe corridor)
- Large front display windows and strong street presence with alley access plus convenient street parking
- Central air and forced heat; public water/sewer services
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,629
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$272,580
$272.6K
Cap Rate 7%
$194,700
$194.7K
Cap Rate 9%
$151,433
$151.4K
Market Conditions
NOI Build-Up for 1,300 SF
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.
Gross rent
$25.7K $19.80/SF
− Vacancy
−$3.0K −$2.33/SF
EGI
$22.7K $17.47/SF
− OpEx
−$9.1K −$6.99/SF
NOI
$13.6K $10.48/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$272,580
Cap Rate 7%
$194,700
Cap Rate 9%
$151,433
Alternative Uses
Best Use
Healthcare Medical
$194.7K
$170.4K – $227.2K
NOI $13,629 @ 7.0% cap · market cap 9.09%
Second Best
Retail
$137.3K
$120.1K – $160.2K
NOI $9,610 @ 7.0% cap · market cap 6.41%
Theoretical Best
Specialty Retail
$243.4K
$213.0K – $284.0K
NOI $17,037 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Brick one-story building with large display windows, central air/heat, and flexible rooms for retail or professional use.
Where is this storefront property located?
The property is located at 16906 E 9 Mile Road Eastpointe, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Approximately 1,300 sq ft brick, one‑story commercial building on E 9 Mile Road (busy Eastpointe corridor); Large front display windows and strong street presence with alley access plus convenient street parking; Central air and forced heat; public water/sewer services
