Single-Story Commercial Building with Display
For Sale
Contact for pricing
16914 E 9 Mile Road, Eastpointe, MI 48021
Single-story commercial building on E 9 Mile Road with an expansive open interior and prominent frontage for branding.
Property Size2,908 SF
Price / SF$68.78
Days on Market102
Property Features for 16914 E 9 Mile Road
General Information
Standard status
Active
Size
2,908 SF
Property subtype
Office, Retail, Industrial
Zoning
Commercial/Office
Additional Details
Road Access
Yes
Building Details
Year Built
1945
Stories
1
Listing Agency:
Exp Realty
(313) 600-6189
Listed By:
Jay Naim · License #6501426431
Source:
Crexi
Added: Apr 27
Changed: Jul 10
Last Checked: Aug 5 at 10:20AM
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 single-story brick/block commercial building offers an expansive open floor plan with multiple finished areas. The interior includes updated lighting, clean modern restrooms, utility/service rooms, central air, and forced heat. Large, oversized display windows support visibility at street level, and the property is presented as move-in-ready.
Located on busy E 9 Mile Road in Eastpointe, the building benefits from strong daily traffic counts and an established mix of surrounding businesses alongside dense residential neighborhoods. Paved access, sidewalks, outside lighting, and on-site or nearby parking options are available to support customer and employee arrivals.
With Commercial/Office zoning, the property is positioned to serve a range of users, including retail, showroom, fitness studio, gaming lounge, office headquarters, medical or service businesses, event concepts, wholesale operations, and creative workspaces. The layout and finished areas can accommodate both customer-facing space and back-of-house needs, making it a practical fit for owner-users seeking a larger footprint or investors looking for a versatile commercial asset. Land contract terms may be available.
Located on busy E 9 Mile Road in Eastpointe, the building benefits from strong daily traffic counts and an established mix of surrounding businesses alongside dense residential neighborhoods. Paved access, sidewalks, outside lighting, and on-site or nearby parking options are available to support customer and employee arrivals.
With Commercial/Office zoning, the property is positioned to serve a range of users, including retail, showroom, fitness studio, gaming lounge, office headquarters, medical or service businesses, event concepts, wholesale operations, and creative workspaces. The layout and finished areas can accommodate both customer-facing space and back-of-house needs, making it a practical fit for owner-users seeking a larger footprint or investors looking for a versatile commercial asset. Land contract terms may be available.
Key Highlights
- Almost 3,000 sq ft single‑story brick/block commercial building on E 9 Mile Road (year built 1945).
- Zoned Commercial/Office with an expansive open floor plan and multiple finished areas for flexible business use.
- Updated lighting, clean modern restrooms, and central air plus forced heat.
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
$10,011
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
5.01%
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%
$200,220
$200.2K
Cap Rate 7%
$143,014
$143.0K
Cap Rate 9%
$111,233
$111.2K
Market Conditions
NOI Build-Up for 2,908 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
$17.4K $6.00/SF
− Vacancy
−$4.1K −$1.41/SF
EGI
$13.3K $4.59/SF
− OpEx
−$3.3K −$1.15/SF
NOI
$10.0K $3.44/SF
Area
Macomb County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
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%
$200,220
Cap Rate 7%
$143,014
Cap Rate 9%
$111,233
Alternative Uses
Best Use
Retail
$307.1K
$268.7K – $358.3K
NOI $21,496 @ 7.0% cap · market cap 10.75%
Second Best
Office B
$143.0K
$125.1K – $166.9K
NOI $10,011 @ 7.0% cap · market cap 5.01%
Theoretical Best
Specialty Retail
$544.4K
$476.4K – $635.2K
NOI $38,110 @ 7.0% cap · market cap 19.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
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?
Retail space - Single-story commercial building on E 9 Mile Road with an expansive open interior and prominent frontage for branding.
Where is this retail space located?
The property is located at 16914 E 9 Mile Road Eastpointe, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Almost 3,000 sq ft single‑story brick/block commercial building on E 9 Mile Road (year built 1945).; Zoned Commercial/Office with an expansive open floor plan and multiple finished areas for flexible business use.; Updated lighting, clean modern restrooms, and central air plus forced heat.
