3,300 SF Retail/Office/Flex
1918 Ford Ave Wyandotte, MI 48192
1918 Ford Ave, Wyandotte, MI, 48192
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For Sale
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Retail/office/flex space with overhead door in Wyandotte, MI.
Property Size3,300 SF
Price / SF$83.33
Days on Market1916
Property Features for 1918 Ford Ave
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Property subtype
- Retail
Listing Agency
NAI Farbman Southfield
Listed by
John Harwood · License #MI 6502136733
Source
Crexi
Added: Apr 19, 2021 Checked: Jul 17 at 4:09 am
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 NAI Farbman Southfield
Investment Insights
Based on property information with market context.
This 3,300 square foot property on Ford Avenue in Wyandotte, Michigan, is available for sale or lease. The property is suitable for retail, office, or flex space use. It features a large, open backroom with an overhead door. Previously used as a party rental location, the property includes a front office area, display space, and storage in the back. The back area also provided space for box trucks.
Key Highlights
- 3,300 SF Retail/Office/Flex Space
- Wide Open Large Backroom
- Overhead Door for easy loading and unloading
Local Financial Insights For Office B
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 | $19.8k | $6.00 |
| − Vacancy | −$4.7k | −$1.41 |
| EGI | $15.1k | $4.59 |
| − OpEx | −$3.8k | −$1.15 |
| NOI | $11.4k | $3.44 |
3,300 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Mixed Use
$560.1K
$490.1K – $653.4K
NOI $39,204 @ 7.0% cap · market cap 14.26%
Second Best
Retail
$446.7K
$390.9K – $521.1K
NOI $31,268 @ 7.0% cap · market cap 11.37%
Theoretical Best
Specialty Retail
$611.0K
$534.6K – $712.8K
NOI $42,768 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Retail/office/flex space with overhead door in Wyandotte, MI.
Where is this mixed-use property located?
The property is located at 1918 Ford Ave Wyandotte, MI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 3,300 SF Retail/Office/Flex Space; Wide Open Large Backroom; Overhead Door for easy loading and unloading
