Building Details

Year Built 1970

Listing Agency: RE/MAX Team 2000

Listed By: Yousef Beydoun · License #6501354088 Show Phone

Source: Katie-k

Added: Jul 18 Changed: Oct 11 Last Checked: Oct 7 at 4:19PM

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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 RE/MAX Team 2000

Investment Insights

Based on property information with market context.

This freestanding storefront property is positioned at the intersection of Allen Road and Northline Road in Southgate, Michigan. The building contains 6,558 SF of retail space and is supported by on-site parking and an opportunity for prominent signage.

The property sits directly off I-75, providing access to a regional transportation corridor. Its location at the Allen Road and Northline Road intersection places the storefront within Southgate’s Downriver South submarket.

Key Highlights

• 6,558 SF freestanding retail property
• Located at Allen Road and Northline Road
• Directly off Interstate‑75

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,138

Cap Rate

6.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,242,760 $1.2M

Cap Rate 7%

$887,686 $887.7K

Cap Rate 9%

$690,422 $690.4K

Market Conditions

NOI Build-Up for 6,558 SF

Gross rent

$94.4K $14.40/SF

− Vacancy

−$5.7K −$0.86/SF

EGI

$88.8K $13.54/SF

− OpEx

−$26.6K −$4.06/SF

NOI

$62.1K $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 Rate 5%

$1,242,760

Cap Rate 7%

$887,686

Cap Rate 9%

$690,422

Alternative Uses

Best Use

Retail

$887.7K

$776.7K – $1.04M (±1% cap)

NOI $62,138 @ 7.0% cap · market cap 6.25%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.21M

$1.06M – $1.42M (±1% cap)

NOI $84,992 @ 7.0% cap · market cap 8.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mallie's Sports Grill ... Bar & Pub

Suggested Use

Top Pick Spa & Massage Center Hair Salon Nail Salon Building Supply Parking Lot & Garage Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

711

Businesses Nearby

97k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 58% Shops & Services 34% Hotels & Casinos 7% Home Improvements & Furnishings 1%

McDonald's Dining

26,477 visits/mo 0.2 miles

Sunoco Shops & Services

18,815 visits/mo 0.2 miles

Taco Bell Dining

10,816 visits/mo 0.1 miles

Wendy's Dining

9,647 visits/mo 0.1 miles

Burger King Dining

9,192 visits/mo 0.0 miles

Demographics for 48195, MI

30,014

Population

13,033

Households

2.3

Avg Household Size

42

Median Age

21%

College-Educated

89%

High-School Grad

6.9 sq mi

ZIP Area

4,350

Density / Sq Mi

$64,635

Median Household Income

$43,368

Median Earnings

$1,102

Median Rent

$165,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Retail building with on-site parking, prominent signage potential, and direct access from I-75.

Where is this storefront property located?

The property is located at 19400 Northline Rd Southgate, MI.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 6,558 SF freestanding retail property; Located at Allen Road and Northline Road; Directly off Interstate‑75