Retail Space For
For Sale
Contact for pricing
18441 Mack Avenue, Detroit, MI 48236
Retail space available for purchase, tenant in place.
Property Size600 SF
Price / SF$333.17
Days on Market195
Property Features for 18441 Mack Avenue
General Information
Standard status
Active
Size
600 SF
Class
C
Property subtype
Retail
Zoning
B4
Building Details
Year Built
1953
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Signature Associates Southfield
Listed By:
Chris Monsour · License #MI 6502135141
Source:
Crexi
Added: Feb 7
Changed: Aug 17
Last Checked: Aug 18 at 9:22AM
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
Investment Insights
Based on property information with market context.
This retail space, with a total area of 600 square feet, is currently occupied by a tenant. The existing lease agreement is in effect until May 2028. There is an option to purchase the tenant's business separately. The property is located on Mack Avenue in Detroit, Michigan.
Key Highlights
- Tenant in building provides immediate rental income.
- Lease in place until May 2028.
- Business operating in the building can be purchased separately.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,390
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$147,800
$147.8K
Cap Rate 7%
$105,571
$105.6K
Cap Rate 9%
$82,111
$82.1K
Market Conditions
NOI Build-Up for 600 SF
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.
Gross rent
$11.2K $18.60/SF
− Vacancy
−$603 −$1.00/SF
EGI
$10.6K $17.60/SF
− OpEx
−$3.2K −$5.28/SF
NOI
$7.4K $12.32/SF
Area
Detroit, MI
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$147,800
Cap Rate 7%
$105,571
Cap Rate 9%
$82,111
Alternative Uses
Best Use
Retail
$105.6K
$92.4K – $123.2K
NOI $7,390 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$132.4K
$115.8K – $154.4K
NOI $9,265 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,051
Businesses Nearby
165k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 40%
Home Improvements & Furnishings 9%
McDonald's
Dining
31,968 visits/mo
0.1 miles
Great Lakes Ace
Home Improvements & Furnishings
15,015 visits/mo
0.2 miles
Starbucks
Dining
14,497 visits/mo
0.4 miles
Dollar Tree
Shops & Services
14,317 visits/mo
0.3 miles
Taco Bell
Dining
14,082 visits/mo
0.1 miles
Demographics for 48236, MI
31,286
Population
13,078
Households
2.4
Avg Household Size
45
Median Age
68%
College-Educated
97%
High-School Grad
7.5 sq mi
ZIP Area
4,171
Density / Sq Mi
$130,776
Median Household Income
$69,959
Median Earnings
$1,588
Median Rent
$353,000
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for purchase, tenant in place.
Where is this retail space located?
The property is located at 18441 Mack Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Tenant in building provides immediate rental income.; Lease in place until May 2028.; Business operating in the building can be purchased separately.
