Multi-Unit Retail
For Sale
Contact for pricing
19940 Conant Street, Detroit, MI 48234
Three separately rentable storefronts offer flexible space along Conant Street in Northeast Detroit.
Property Size3,688 SF
Price / SF$0.30
Days on Market30
Property Features for 19940 Conant Street
General Information
Standard status
Active
Size
3,688 SF
Property subtype
Commercial
Site & Location
Neighborhood
Butler
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1957
Listing Agency:
TAP CRE
(313) 306-7653
Listed By:
Alan Davidov · License #6505433487
(313) 404-7653
Source:
Goodhomemi
Added: Oct 1
Changed: Oct 28
Last Checked: Oct 28 at 4:12PM
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 TAP CRE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 1957 retail building at 19940 Conant Street contains three units of 850 SF each. Units may be occupied individually or combined; the property record lists a total size of 3,688 SF. The spaces are described for retail, service, medical, office, and professional use.
A gated parking area and on-street parking serve the property. Conant Street is between 7 Mile and 8 Mile, with access to both routes and I-75. Residential neighborhoods surround the site.
A gated parking area and on-street parking serve the property. Conant Street is between 7 Mile and 8 Mile, with access to both routes and I-75. Residential neighborhoods surround the site.
Key Highlights
- Three 850 SF units; lease one, two, or all three together
- Property record lists 3,688 SF total
- Gated parking area plus on‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,425
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,500
$908.5K
Cap Rate 7%
$648,929
$648.9K
Cap Rate 9%
$504,722
$504.7K
Market Conditions
NOI Build-Up for 3,688 SF
Gross rent
$68.6K $18.60/SF
− Vacancy
−$3.7K −$1.00/SF
EGI
$64.9K $17.60/SF
− OpEx
−$19.5K −$5.28/SF
NOI
$45.4K $12.32/SF
Area
Detroit, MI
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,500
Cap Rate 7%
$648,929
Cap Rate 9%
$504,722
Alternative Uses
Best Use
Retail
$648.9K
$567.8K – $757.1K
NOI $45,425 @ 7.0% cap · market cap 4,129.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$813.6K
$711.9K – $949.2K
NOI $56,951 @ 7.0% cap · market cap 5,177.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
83k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 35%
Apparel 24%
Electronics 4%
McDonald's
Dining
20,755 visits/mo
0.4 miles
Dollar Tree
Shops & Services
17,390 visits/mo
0.5 miles
Rainbow
Apparel
8,265 visits/mo
0.4 miles
Exxon
Shops & Services
7,251 visits/mo
0.0 miles
Tropical Smoothie Cafe
Dining
6,244 visits/mo
0.5 miles
Demographics for 48234, MI
31,442
Population
15,688
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
84%
High-School Grad
7.8 sq mi
ZIP Area
4,031
Density / Sq Mi
$36,473
Median Household Income
$31,587
Median Earnings
$965
Median Rent
$57,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Retail space - Three separately rentable storefronts offer flexible space along Conant Street in Northeast Detroit.
Where is this retail space located?
The property is located at 19940 Conant Street Detroit, MI.
What are key features of this property?
This property features: Three 850 SF units; lease one, two, or all three together; Property record lists 3,688 SF total; Gated parking area plus on‑street parking
