Eastpointe Commercial Building on 9
18400 E 9 Mile Rd E Eastpointe, MI 48021
For Sale
$590,000
Value-add investment opportunity in Eastpointe's high-traffic area.
Property Size3,280 SF
Lot Size0.41 Acres
Price / SF$179.88
Days on Market98
Property Features for 18400 E 9 Mile Rd E
General Information
Standard status
Active
Size
3,280 SF
Lot size
0.41 Acres
Property subtype
Commercial
Building Details
Year Built
1958
Listing Agency:
Saturn Realty Group
(313) 363-6011
Listed By:
Okeish Y Davis
(313) 363-6011
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 2:09PM
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 Saturn Realty Group
Investment Insights
Based on property information with market context.
Located on 9 Mile Road in Eastpointe, this commercial building presents a value-add investment opportunity. The single-story, Class C building encompasses 3,280 square feet and is situated on a 17,860-square-foot lot. Zoned MU-2 (Mixed Use), the property accommodates a range of retail, office, medical, and service uses, as well as redevelopment possibilities. The property includes 36 on-site parking spaces, offering a competitive advantage. Its location along a heavily traveled commercial corridor provides strong visibility and accessibility. The MU-2 zoning allows for repositioning, multi-tenant conversion, or potential redevelopment. This property is suitable for owner-users seeking supplemental income or investors targeting value-add upside in a Macomb County retail corridor. The location has a walk score of 62, indicating it is 'Somewhat Walkable', and a bike score of 43, indicating it is 'Somewhat Bikeable'.
Key Highlights
- High‑traffic location on 9 Mile Road with strong visibility and accessibility.
- MU‑2 (Mixed Use) zoning allows for diverse retail, office, medical, service, or redevelopment options.
- Significant on‑site parking with 36 spaces, a competitive advantage in the area.
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 | $39.4k | $12.00 |
| − Vacancy | −$4.7k | −$1.44 |
| EGI | $34.6k | $10.56 |
| − OpEx | −$10.4k | −$3.17 |
| NOI | $24.2k | $7.39 |
3,280 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$346.4K
$303.1K – $404.1K
NOI $24,246 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$614.1K
$537.3K – $716.4K
NOI $42,985 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Value-add investment opportunity in Eastpointe's high-traffic area.
Where is this retail space located?
The property is located at 18400 E 9 Mile Rd E Eastpointe, MI.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: High‑traffic location on 9 Mile Road with strong visibility and accessibility.; MU‑2 (Mixed Use) zoning allows for diverse retail, office, medical, service, or redevelopment options.; Significant on‑site parking with **36 spaces**, a competitive advantage in the area.
