Bank
For Sale
$1,250,000
17011 East 9 Mile Road, Eastpointe, MI 48021
Bank property available for sale in Eastpointe, Michigan.
Property Size3,828 SF
Price / SF$326.54
Days on Market47
Property Features for 17011 East 9 Mile Road
General Information
Standard status
Active
Size
3,828 SF
Property subtype
Retail
Listing Agency:
CBRE - Detroit
Listed By:
Scott Young · License #6502405265
(248) 936-6832
Source:
Cbre
Added: Sep 16
Changed: Oct 27
Last Checked: Nov 1 at 2:39AM
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 CBRE - Detroit
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This bank property at 17011 East 9 Mile Road in Eastpointe, Michigan, offers 3,828 square feet and is available for sale. The property is identified for bank use within a commercial setting.
Key Highlights
- 3,828‑square‑foot bank property
- Located at 17011 East 9 Mile Road, Eastpointe, MI 48021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,166
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,320
$1.0M
Cap Rate 7%
$716,657
$716.7K
Cap Rate 9%
$557,400
$557.4K
Market Conditions
NOI Build-Up for 3,828 SF
Gross rent
$75.8K $19.80/SF
− Vacancy
−$8.9K −$2.33/SF
EGI
$66.9K $17.47/SF
− OpEx
−$16.7K −$4.37/SF
NOI
$50.2K $13.11/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,320
Cap Rate 7%
$716,657
Cap Rate 9%
$557,400
Alternative Uses
Best Use
Specialty Retail
$716.7K
$627.1K – $836.1K
NOI $50,166 @ 7.0% cap · market cap 4.01%
Second Best
Retail
$404.2K
$353.7K – $471.6K
NOI $28,297 @ 7.0% cap · market cap 2.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
557
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bank - Bank property available for sale in Eastpointe, Michigan.
Where is this bank located?
The property is located at 17011 East 9 Mile Road Eastpointe, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,828‑square‑foot bank property; Located at 17011 East 9 Mile Road, Eastpointe, MI 48021
