Corner Flex Industrial
17503 Stephens Drive Unit SourceFi Eastpointe, MI 48021
17503 Stephens Drive Unit SourceFi, Eastpointe, MI, 48021
$84,900
For Sale
$84,900
Updated flex/industrial space on a corner lot with a half bathroom and a versatile interior layout.
Property Size760 SF
Price / SF$111.71
Days on Market167
Property Features for 17503 Stephens Drive Unit SourceFi
General Information
- Standard status
- Active
- Size
- 760 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
(248) 417-9617
Listed by
Keller Williams Somerset
(248) 417-9617
Source
Xome
Added: Feb 1 Checked: Jul 18 at 4:44 am
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 flex/industrial suite is situated on a corner lot and features an interior that is well maintained and described as nearly move-in ready. The space includes a half bathroom and a versatile layout suitable for a range of commercial uses.
The property is positioned in a convenient Eastpointe area, with quick access to I-94 and located just around the corner from Gratiot Ave. Its location supports straightforward access for clients, employees, and deliveries.
As a bank-owned offering, terms are subject to bank approval, and seller financing is listed as a possible option.
The property is positioned in a convenient Eastpointe area, with quick access to I-94 and located just around the corner from Gratiot Ave. Its location supports straightforward access for clients, employees, and deliveries.
As a bank-owned offering, terms are subject to bank approval, and seller financing is listed as a possible option.
Key Highlights
- Updated commercial flex/industrial space on a corner lot with a versatile interior layout.
- Half bathroom included.
- Convenient Eastpointe location near Gratiot Ave with quick access to I‑94 for clients, employees, and deliveries.
Local Financial Insights For Industrial
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 | $6.2k | $8.16 |
| − Vacancy | −$347 | −$0.46 |
| EGI | $5.9k | $7.70 |
| − OpEx | −$1.8k | −$2.31 |
| NOI | $4.1k | $5.39 |
760 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$123.3K
$107.9K – $143.9K
NOI $8,632 @ 7.0% cap · market cap 10.17%
Second Best
Industrial
$58.5K
$51.2K – $68.3K
NOI $4,098 @ 7.0% cap · market cap 4.83%
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
Similar For Sale Nearby
Similar Off Market Nearby
- S&J Catering — 17844 E 9 Mile Rd, Eastpointe, MI 48021
- Brittany's Bitch'n Kitchen LLC — 23715 Schroeder Ave, Eastpointe, MI 48021
- Meech Catering — 22241 Kelly Rd, Eastpointe, MI 48021
FAQs
What type of property is this?
Flex space - Updated flex/industrial space on a corner lot with a half bathroom and a versatile interior layout.
Where is this flex space located?
The property is located at 17503 Stephens Drive Unit SourceFi 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: Updated commercial flex/industrial space on a corner lot with a versatile interior layout.; Half bathroom included.; Convenient Eastpointe location near Gratiot Ave with quick access to I‑94 for clients, employees, and deliveries.
