Retail Building on Corner
For Sale
$1,200,000
19040 Ecorse Rd Allen, Allen Park, MI 48101
High-visibility corner storefront with dual curb cuts and C4 zoning allowing retail, QSR, medical, and mixed-use.
Property Size5,500 SF
Lot Size0.52 Acres
Price / SF$218.18
Days on Market101
Property Features for 19040 Ecorse Rd Allen
General Information
Standard status
Active
Size
5,500 SF
Total Parking Spaces
23
Lot size
0.52 Acres
Property subtype
Street Retail
Zoning
C4
Site & Location
Traffic Count
17,539 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
5,500 SF
Year Built
1995
Listing Agency:
The Jonna Group
Listed By:
Simon Jonna · License #6501357188
(248) 226-1610
Source:
Thebrokerlist
Added: May 28
Changed: Aug 22
Last Checked: Sep 5 at 3:37AM
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 The Jonna Group
Investment Insights
Based on property information with market context.
A 1995-built retail property configured as a redevelopment-ready building on 0.515 acres. The site includes dual curb cuts and signage, with access and frontage designed for commercial traffic. C4 zoning provides flexibility for retail, QSR, medical, and mixed-use concepts.
The property offers 180’ of frontage on Ecorse Rd with 23+/- parking spots and is located on a high-visibility corner lot. Traffic counts are reported at 17,539 VPD on Ecorse Road, with direct access to the I-94 and I-75 corridors. The surrounding area includes major employment, and the remarks note proximity to Ford Motor Company, with 284,048 total population within a 5-mile radius and an average household income of $96,879 within 1 mile.
The property offers 180’ of frontage on Ecorse Rd with 23+/- parking spots and is located on a high-visibility corner lot. Traffic counts are reported at 17,539 VPD on Ecorse Road, with direct access to the I-94 and I-75 corridors. The surrounding area includes major employment, and the remarks note proximity to Ford Motor Company, with 284,048 total population within a 5-mile radius and an average household income of $96,879 within 1 mile.
Key Highlights
- 5,500 SF retail building built in 1995 on a 0.515‑acre redevelopment‑ready corner lot
- High‑visibility corner with dual curb cuts, signage, and 180’ of frontage on Ecorse Rd
- C4 zoning allows retail, QSR, medical, and mixed‑use uses
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
$52,114
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
4.34%
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%
$1,042,280
$1.0M
Cap Rate 7%
$744,486
$744.5K
Cap Rate 9%
$579,044
$579.0K
Market Conditions
NOI Build-Up for 5,500 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
$79.2K $14.40/SF
− Vacancy
−$4.8K −$0.86/SF
EGI
$74.4K $13.54/SF
− OpEx
−$22.3K −$4.06/SF
NOI
$52.1K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /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%
$1,042,280
Cap Rate 7%
$744,486
Cap Rate 9%
$579,044
Alternative Uses
Best Use
Retail
$744.5K
$651.4K – $868.6K
NOI $52,114 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.02M
$891.0K – $1.19M
NOI $71,280 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17,539 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,839 visits/mo
0.1 miles
Shell
Shops & Services
6,597 visits/mo
0.1 miles
Wild Bill's Tobacco
Shops & Services
2,241 visits/mo
0.5 miles
Demographics for 48101, MI
28,664
Population
12,413
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
94%
High-School Grad
7.0 sq mi
ZIP Area
4,095
Density / Sq Mi
$80,045
Median Household Income
$51,658
Median Earnings
$1,181
Median Rent
$174,500
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 - High-visibility corner storefront with dual curb cuts and C4 zoning allowing retail, QSR, medical, and mixed-use.
Where is this storefront property located?
The property is located at 19040 Ecorse Rd Allen Allen Park, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5,500 SF retail building built in 1995 on a 0.515‑acre redevelopment‑ready corner lot; High‑visibility corner with dual curb cuts, signage, and 180’ of frontage on Ecorse Rd; C4 zoning allows retail, QSR, medical, and mixed‑use uses
