18641 Ecorse Road Allen Park, MI 48101
18641 Ecorse Road, Allen Park, MI, 48101
Contact for pricing
For Sale
Contact for pricing
Grocery and convenience stores
Property Size2,650 SF
Price / SF$358.45
Days on Market43
Property Features for 18641 Ecorse Road
General Information
- Standard status
- Active
- Size
- 2,650 SF
- Property subtype
- Business for Sale, Retail
Building Details
- Year Built
- 1965
Listing agency
Community Choice Realty
(248) 225-5994
Listed by
Jonathan Farida · License #MI6501432091
Source
Crexi
Added: Jun 9 Updated: Jul 20 at 9:20PM Checked: Jul 20 at 9:20PM
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 Community Choice Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Established Allen Park party store completely remodeled in 2024; interior updates include heating & cooling, plumbing, counters, shelving, and flooring
- Newer equipment includes freezers, refrigerators, and an “amazing beer cave” as part of the 2024 interior remodel
- Liquor license and lotto license included, plus a spacious basement and back room for additional storage
Local Financial Insights For Specialty 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 | $47.7k | $18.00 |
| − Vacancy | −$1.9k | −$0.72 |
| EGI | $45.8k | $17.28 |
| − OpEx | −$11.4k | −$4.32 |
| NOI | $34.3k | $12.96 |
2,650 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$490.6K
$429.3K – $572.4K
NOI $34,344 @ 7.0% cap · market cap 3.62%
Second Best
Retail
$358.7K
$313.9K – $418.5K
NOI $25,109 @ 7.0% cap · market cap 2.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Denny's Den
Party Supply Store
Similar For Sale Nearby
Similar Off Market Nearby
- Saveland Supermarket — 8370 Pelham Rd, Taylor, MI 48180
FAQs
Where is this grocery and convenience store located?
The property is located at 18641 Ecorse Road Allen Park, MI.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Established Allen Park party store completely remodeled in 2024; interior updates include heating & cooling, plumbing, counters, shelving, and flooring; Newer equipment includes freezers, refrigerators, and an “amazing beer cave” as part of the 2024 interior remodel; Liquor license and lotto license included, plus a spacious basement and back room for additional storage
