Retail Space on Biddle
1744 Biddle Avenue Wyandotte, MI 48192
For Sale
Contact for pricing
5,469 SF retail space available for sale.
Property Size5,469 SF
Price / SF$178.28
Days on Market138
Property Features for 1744 Biddle Avenue
General Information
- Standard status
- Active
- Size
- 5,469 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1987
Listing Agency:
Coldwell Banker Commercial Premier
Listed By:
James Iodice · License #MI6406043228
Source:
Crexi
Added: Mar 12
Changed: Jul 6
Last Checked: Jul 26 at 8:01AM
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 Coldwell Banker Commercial Premier
Investment Insights
Based on property information with market context.
This is a 5,469 square foot retail space available for sale. The property is located on Biddle Avenue in Wyandotte, Michigan.
Key Highlights
- Retail Property
- 5,469 SF of space
- Built in 1987
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 | $78.8k | $14.40 |
| − Vacancy | −$4.7k | −$0.86 |
| EGI | $74.0k | $13.54 |
| − OpEx | −$22.2k | −$4.06 |
| NOI | $51.8k | $9.48 |
5,469 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$740.3K
$647.8K – $863.7K
NOI $51,820 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.01M
$886.0K – $1.18M
NOI $70,878 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - 5,469 SF retail space available for sale.
Where is this retail space located?
The property is located at 1744 Biddle Avenue Wyandotte, MI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Retail Property; 5,469 SF of space; Built in 1987
