Open-Plan Retail
For Sale
Contact for pricing
20777 13 Mile Rd, Roseville, MI 48066
Open-plan retail space includes rear storage, a private bathroom, and a triple-net lease structure.
Property Size2,400 SF
Price / SF$1.00
Days on Market48
Property Features for 20777 13 Mile Rd
General Information
Standard status
Active
Size
2,400 SF
Listing Agency:
King Commercial Realty, LLC
Listed By:
Anthony R Sievert · License #6502422805
(586) 601-9830
Source:
Blueowlprop
Added: Sep 15
Changed: Oct 26
Last Checked: Oct 30 at 2:19PM
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 King Commercial Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The available retail suite at Rose Mack Strip Center offers 2400 sq. ft. of open-plan space. A dedicated storage area is positioned at the rear, and the suite includes a private bathroom. The property was formerly used for retail.
The space is located at 20777 13 Mile Rd in Roseville, Michigan. Lease terms are identified as triple net, providing a defined structure for the available commercial space.
The space is located at 20777 13 Mile Rd in Roseville, Michigan. Lease terms are identified as triple net, providing a defined structure for the available commercial space.
Key Highlights
- 2400 sq. ft. of available retail space
- Open floor plan suitable for retail use
- Rear storage area included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,741
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,820
$354.8K
Cap Rate 7%
$253,443
$253.4K
Cap Rate 9%
$197,122
$197.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$28.8K $12.00/SF
− Vacancy
−$3.5K −$1.44/SF
EGI
$25.3K $10.56/SF
− OpEx
−$7.6K −$3.17/SF
NOI
$17.7K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,820
Cap Rate 7%
$253,443
Cap Rate 9%
$197,122
Alternative Uses
Best Use
Retail
$253.4K
$221.8K – $295.7K
NOI $17,741 @ 7.0% cap · market cap 739.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$449.3K
$393.2K – $524.2K
NOI $31,452 @ 7.0% cap · market cap 1,310.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
632k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 29%
Shops & Services 23%
Superstores 17%
Dining 11%
Meijer
Groceries
119,424 visits/mo
0.3 miles
Sam's Club
Superstores
110,061 visits/mo
0.5 miles
Kroger
Groceries
60,942 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
53,295 visits/mo
0.5 miles
JCPenney
Apparel
37,752 visits/mo
0.4 miles
Demographics for 48066, MI
47,789
Population
22,116
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
4,827
Density / Sq Mi
$61,222
Median Household Income
$38,978
Median Earnings
$1,175
Median Rent
$142,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Open-plan retail space includes rear storage, a private bathroom, and a triple-net lease structure.
Where is this retail space located?
The property is located at 20777 13 Mile Rd Roseville, MI.
What are key features of this property?
This property features: 2400 sq. ft. of available retail space; Open floor plan suitable for retail use; Rear storage area included
