Storefront Flex Space with Roller
For Sale
$228,000
17140 Ecorse Road, Allen Park, MI 48101
Front two versatile rooms and rear open workspace with overhead roller door, plus nine dedicated rear parking spaces.
Property Size1,600 SF
Days on Market173
Property Features for 17140 Ecorse Road
General Information
Standard status
Active
Size
1,600 SF
Total Parking Spaces
9
Property subtype
Commercial
Zoning
Commercial
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$5,065
Building Details
Building Size
1,600 SF
Year Built
1965
Listing Agency:
LPT Realty, LLC
(313) 766-8387
Listed By:
Shannon Bagdonas · License #6501459883
(313) 766-8387
Source:
Carolbollo
Added: Mar 3
Changed: Aug 23
Last Checked: Aug 22 at 4:47AM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This storefront flex space is configured with two versatile rooms at the front, suited for retail display, client consultations, office use, or other creative work. Toward the rear, an expansive open workspace includes an overhead roller door for deliveries, equipment access, and related operational needs, with room for storage or light production as permitted.
Positioned on a high-traffic main road in Allen Park, the layout supports both customer-facing presence and functional back-of-house access. A private rear parking lot provides 9 dedicated spaces, with additional street parking available in front. The tenant may use the existing sign post and update the front awning for branding with landlord written approval and compliance with City of Allen Park ordinances. The space is described as suitable for a range of permitted uses including retail, office, service-based businesses, trades, light production, therapy practices, and similar operations, subject to municipal approval.
Positioned on a high-traffic main road in Allen Park, the layout supports both customer-facing presence and functional back-of-house access. A private rear parking lot provides 9 dedicated spaces, with additional street parking available in front. The tenant may use the existing sign post and update the front awning for branding with landlord written approval and compliance with City of Allen Park ordinances. The space is described as suitable for a range of permitted uses including retail, office, service-based businesses, trades, light production, therapy practices, and similar operations, subject to municipal approval.
Key Highlights
- Commercial space for lease with front storefront exposure on a high‑traffic main road in Allen Park
- Front area includes two versatile rooms for retail display, client consultations, office, or creative workspace
- Rear open workspace with an overhead roller door for deliveries, equipment access, fabrication, storage, or light production
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
$15,160
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
6.65%
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%
$303,200
$303.2K
Cap Rate 7%
$216,571
$216.6K
Cap Rate 9%
$168,444
$168.4K
Market Conditions
NOI Build-Up for 1,600 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
$23.0K $14.40/SF
− Vacancy
−$1.4K −$0.86/SF
EGI
$21.7K $13.54/SF
− OpEx
−$6.5K −$4.06/SF
NOI
$15.2K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$303,200
Cap Rate 7%
$216,571
Cap Rate 9%
$168,444
Alternative Uses
Best Use
Retail
$216.6K
$189.5K – $252.7K
NOI $15,160 @ 7.0% cap · market cap 6.65%
Second Best
Flex RnD
$144.2K
$126.2K – $168.3K
NOI $10,095 @ 7.0% cap · market cap 4.43%
Theoretical Best
Specialty Retail
$296.2K
$259.2K – $345.6K
NOI $20,736 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48101, MI
28,664
Population
12,413
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
94%
High-School Grad
7.0 sq mi
ZIP Area
4,095
Density / Sq Mi
$80,045
Median Household Income
$51,658
Median Earnings
$1,181
Median Rent
$174,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Front two versatile rooms and rear open workspace with overhead roller door, plus nine dedicated rear parking spaces.
Where is this flex space located?
The property is located at 17140 Ecorse Road Allen Park, MI.
What is the asking price?
The asking price for this property is $228,000.
What are key features of this property?
This property features: Commercial space for lease with front storefront exposure on a high‑traffic main road in Allen Park; Front area includes two versatile rooms for retail display, client consultations, office, or creative workspace; Rear open workspace with an overhead roller door for deliveries, equipment access, fabrication, storage, or light production
