Retail Storefront with Overhead Side
For Sale
$255,000
18703 E 10 Mile Road, Roseville, MI 48066
Open-box retail storefront with ample parking, a side entrance overhead door, and updated electrical for flexible business use.
Property Size2,400 SF
Price / SF$106.25
Days on Market38
Property Features for 18703 E 10 Mile Road
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Amenities
new asphalt parking lot
side entrance overhead door
Building Details
Building Size
2,400 SF
Year Built
1965
Buildings
1
Listing Agency:
Jim Saros Real Estate Services
(313) 513-0984
Listed By:
Daniel DeKeyser
(313) 513-0984
Source:
Carolbollo
Added: Jun 23
Changed: Jul 30
Last Checked: Jul 30 at 6:08AM
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 Jim Saros Real Estate Services
Investment Insights
Based on property information with market context.
Retail storefront lease opportunity in the city of Roseville, located in a high-traffic area at 10 Mile Road and Kelly Rd, just west of I-94. The approximately 2,400-square-foot building features an open-box, easily transformable layout intended to accommodate a variety of business needs.
The property has seen recent updates including a new asphalt parking lot and updated electrical. A side entrance overhead door supports practical move-in and operations, while ample parking and both side street and main road access help serve customers at a busy intersection.
Built in 1965, the space is suited for tenants seeking a flexible storefront configuration with strong access and parking, and the owner will also consider a sale or lease of the building.
The property has seen recent updates including a new asphalt parking lot and updated electrical. A side entrance overhead door supports practical move-in and operations, while ample parking and both side street and main road access help serve customers at a busy intersection.
Built in 1965, the space is suited for tenants seeking a flexible storefront configuration with strong access and parking, and the owner will also consider a sale or lease of the building.
Key Highlights
- Approximately 2,400 SF open‑box, transformable retail layout
- Side entrance overhead door for operational flexibility
- New asphalt parking lot and updated electrical
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 | $28.8k | $12.00 |
| − Vacancy | −$3.5k | −$1.44 |
| EGI | $25.3k | $10.56 |
| − OpEx | −$7.6k | −$3.17 |
| NOI | $17.7k | $7.39 |
2,400 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$253.4K
$221.8K – $295.7K
NOI $17,741 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$449.3K
$393.2K – $524.2K
NOI $31,452 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
215k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Groceries 33%
Dining 21%
Apparel 9%
Kroger
Groceries
48,952 visits/mo
0.5 miles
Aldi
Groceries
23,144 visits/mo
0.4 miles
T.J. Maxx
Apparel
19,809 visits/mo
0.5 miles
Dollar Tree
Shops & Services
18,315 visits/mo
0.5 miles
Tim Hortons
Dining
12,025 visits/mo
0.4 miles
Demographics for 48066, MI
47,789
Population
22,116
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
4,827
Density / Sq Mi
$61,222
Median Household Income
$38,978
Median Earnings
$1,175
Median Rent
$142,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Open-box retail storefront with ample parking, a side entrance overhead door, and updated electrical for flexible business use.
Where is this storefront property located?
The property is located at 18703 E 10 Mile Road Roseville, MI.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Approximately 2,400 SF open‑box, transformable retail layout; Side entrance overhead door for operational flexibility; New asphalt parking lot and updated electrical
