19040 Ecorse Rd, Allen Park, MI 48101
5,500 SF retail space with ample parking.
- Added:
- Sep 19, 2023
- Days on Market:
- 1022
- Last Refresh:
- Jul 5 at 11:55 am
Property Features for 19040 Ecorse Rd
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Property subtype
- Retail
Listing office Mid-America Real Estate - Michigan, Inc.
Listing date Sep 19, 2023
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 Mid-America Real Estate - Michigan, Inc.
HighLights
- Prime location on Ecorse Road in a busy commercial area with high traffic volume.
- Excellent visibility and accessibility.
- Close proximity to major highways I‑94 and I‑75.
- 5,500 square feet of customizable open space.
- Dedicated parking lot with space for 26 cars.
- Established neighbors include Walmart and Home Depot.
Overview
Local 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 | $79.2k | $14.40 |
| − Vacancy | −$4.8k | −$0.86 |
| EGI | $74.4k | $13.54 |
| − OpEx | −$22.3k | −$4.06 |
| NOI | $52.1k | $9.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Allen Park
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2277899
- Latitude
- 42.2567779
