Manufacturing Property with Main-Street
For Sale
$525,000
1785 E Nine Mile Rd, Hazel Park, MI 48030
M-1-zoned facility located 1 mile from I-75 and I-696 with direct street frontage.
Property Size7,274 SF
Price / SF$72.17
Days on Market1178
Property Features for 1785 E Nine Mile Rd
General Information
Standard status
Active
Size
7,274 SF
Total Parking Spaces
10
Property subtype
Industrial
Zoning
M-1
Building Details
Building Size
7,274 SF
Year Built
1956
Year Renovated
1980
Buildings
1
Stories
1
Listing Agency:
Signature Associates - Southfield
Listed By:
John R. Boyd · License #6502132725
(248) 948-0102
Source:
Cpix.resimplifi
Added: Jul 31, 2023
Changed: Oct 3
Last Checked: Oct 20 at 5:04PM
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 Signature Associates - Southfield
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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 manufacturing property is positioned on E Nine Mile Rd and carries M-1 zoning. The building dates to 1956 and offers main-street frontage for industrial operations.
Regional highway access is a defining feature, with the property located 1 mile from both I-75 and I-696. The address is 1785 E Nine Mile Rd in Hazel Park, Michigan.
Regional highway access is a defining feature, with the property located 1 mile from both I-75 and I-696. The address is 1785 E Nine Mile Rd in Hazel Park, Michigan.
Key Highlights
- M‑1 zoning supports the property's manufacturing classification
- Located 1 mile from I‑75 and I‑696
- Main‑street frontage along E Nine Mile Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,040
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,800
$720.8K
Cap Rate 7%
$514,857
$514.9K
Cap Rate 9%
$400,444
$400.4K
Market Conditions
NOI Build-Up for 7,274 SF
Gross rent
$53.5K $7.35/SF
− Vacancy
−$2.0K −$0.27/SF
EGI
$51.5K $7.08/SF
− OpEx
−$15.4K −$2.12/SF
NOI
$36.0K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,800
Cap Rate 7%
$514,857
Cap Rate 9%
$400,444
Alternative Uses
Best Use
Industrial
$514.9K
$450.5K – $600.7K
NOI $36,040 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.57M
$1.37M – $1.83M
NOI $109,826 @ 7.0% cap · market cap 20.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 48030, MI
14,983
Population
7,149
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
2.8 sq mi
ZIP Area
5,351
Density / Sq Mi
$62,878
Median Household Income
$42,374
Median Earnings
$1,221
Median Rent
$141,200
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 Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - M-1-zoned facility located 1 mile from I-75 and I-696 with direct street frontage.
Where is this manufacturing property located?
The property is located at 1785 E Nine Mile Rd Hazel Park, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: M‑1 zoning supports the property's manufacturing classification; Located 1 mile from I‑75 and I‑696; Main‑street frontage along E Nine Mile Rd
