Eastpointe Value-Add Investment
18400 E 9 Mile Rd, Eastpointe, MI 48021
3,280 SF commercial building on 17,860 SF lot.
Type:Mixed Use, Office, Retail
Property size:
3,280 SFLot size:
0.41 AcresPrice / SF:
$182/SF- Added:
- Mar 2, 2026
- Days on Market:
- 126
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 18400 E 9 Mile Rd
General Information
- Standard status
- Active
- Size
- 3,280 SF
- Lot size
- 0.41 Acres
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1958
Listing office Saturn Realty Group
Listing date Mar 2, 2026
Source Crexi
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
HighLights
- High‑traffic location on 9 Mile Road with strong visibility and accessibility.
- MU‑2 (Mixed Use) zoning allows for a wide range of retail, office, medical, service, or redevelopment possibilities.
- Significant on‑site parking with 36 spaces, a competitive advantage in the area.
- Value‑add investment opportunity with potential for increased occupancy and rent growth.
- Large 17,860 SF lot provides flexibility for repositioning, multi‑tenant conversion, or redevelopment.
- Suitable for owner‑users seeking supplemental income or investors targeting value‑add upside.
Overview
This is a value-add investment opportunity located on high traffic 9 Mile Road in Eastpointe. The single-story Class C commercial building offers 3,280 square feet of space and sits on a 17,860 square foot lot. Zoned MU-2 (Mixed Use), the property allows for a wide range of retail, office, medical, service, or redevelopment possibilities. The property features 36 on-site parking spaces, a significant competitive advantage for this corridor, enhancing tenant appeal and long term leasing potential. Strong visibility and accessibility along a densely traveled commercial artery support stable occupancy and future rent growth. MU-2 zoning provides flexibility for repositioning, multi-tenant conversion, or potential redevelopment, offering investors multiple exit strategies. It is ideal for owner users seeking supplemental income, or investors targeting value-add upside in a well established Macomb County retail corridor.
Local Financial Insights For Mixed Use
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 | $70.8k | $21.60 |
| − Vacancy | −$8.5k | −$2.59 |
| EGI | $62.3k | $19.01 |
| − OpEx | −$23.4k | −$7.13 |
| NOI | $39.0k | $11.88 |
3,280 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$556.7K
$487.1K – $649.4K
NOI $38,966 @ 7.0% cap · market cap 6.49%
Second Best
Retail
$346.4K
$303.1K – $404.1K
NOI $24,246 @ 7.0% cap · market cap 4.04%
Theoretical Best
Specialty Retail
$614.1K
$537.3K – $716.4K
NOI $42,985 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Leidecker Insurance Inc
Insurance Agency
Abc Adult Day ...
Adult Day Care
Davis-Vandenbossche Insurance
Insurance Agency
Location Insight
- Map
- Local Demand
- City
- Eastpointe
- County
- Macomb
- State
- Michigan
- Longitude
- -82.930244
- Latitude
- 42.465082
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 3,280 SF commercial building on 17,860 SF lot.
Where is this mixed-use property located?
The property is located at 18400 E 9 Mile Rd Eastpointe, MI.
What is the asking price?
The asking price for this property is $600,000.
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 a wide range of retail, office, medical, service, or redevelopment possibilities.; Significant on‑site parking with 36 spaces, a competitive advantage in the area.
