Corner Lot Office
17503 Stephens Drive Eastpointe, MI 48021
For Sale
$84,900
Clean, updated office space on a corner lot with a half bathroom and a versatile interior layout.
Property Size760 SF
Price / SF$111.71
Days on Market171
Property Features for 17503 Stephens Drive
General Information
- Standard status
- Active
- Size
- 760 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing Agency:
Keller Williams Somerset
(248) 530-7292
Listed By:
James T Silver · License #6501302927
(248) 530-7292
Source:
Sabudarealty
Added: Feb 3
Changed: Jul 22
Last Checked: Jul 23 at 6:52AM
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 Keller Williams Somerset
Investment Insights
Based on property information with market context.
This updated and clean commercial office space sits on a corner lot and is described as well maintained and nearly move-in ready. The interior includes a half bathroom and a versatile layout suitable for a variety of commercial uses.
The property is located in Eastpointe and is positioned for convenient access, described as just around the corner from Gratiot Ave with quick access to I-94. The corner-lot placement supports client, employee, and delivery access.
As a bank-owned property, seller financing is listed as possible, with all terms subject to bank approval. The space is offered for sale and may appeal to owner-users or investors looking for a clean, flexible office environment.
The property is located in Eastpointe and is positioned for convenient access, described as just around the corner from Gratiot Ave with quick access to I-94. The corner-lot placement supports client, employee, and delivery access.
As a bank-owned property, seller financing is listed as possible, with all terms subject to bank approval. The space is offered for sale and may appeal to owner-users or investors looking for a clean, flexible office environment.
Key Highlights
- 1957‑built commercial office space on a corner lot
- Interior is updated and well maintained, described as almost move‑in ready
- Half bathroom and versatile interior layout suitable for a variety of commercial uses
Financial Insights For Office B
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 | $4.6k | $6.00 |
| − Vacancy | −$1.1k | −$1.41 |
| EGI | $3.5k | $4.59 |
| − OpEx | −$872 | −$1.15 |
| NOI | $2.6k | $3.44 |
760 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$37.4K
$32.7K – $43.6K
NOI $2,616 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$142.3K
$124.5K – $166.0K
NOI $9,960 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Diablo luxury group
Construction Company
Cleats for Athletes
Charitable Organization
GINAS PRIME CUTS ...
Hair Salon
FAQs
What type of property is this?
Office units - Clean, updated office space on a corner lot with a half bathroom and a versatile interior layout.
Where is this office units located?
The property is located at 17503 Stephens Drive Eastpointe, MI.
What is the asking price?
The asking price for this property is $84,900.
What are key features of this property?
This property features: 1957‑built commercial office space on a corner lot; Interior is updated and well maintained, described as almost move‑in ready; Half bathroom and versatile interior layout suitable for a variety of commercial uses
