Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    22600 Allen Rd Woodhaven, MI 48183

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Woodhaven, MI: 407 SF Retail Space

    Property Features for 22600 Allen Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Kevin Marschall
    Kevin Marschall
    Source: Crexi

    Listing Agency: InStore Commercial Real Estate Listing Agent: Kevin Marschall

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space Inside Meijer

    Exceptional retail leasing opportunities are available within high-traffic Meijer stores throughout the Midwest. These spaces offer prime, front-of-store locations, providing tenants with high visibility and access to thousands of customers weekly. This 'Store-Within-A-Store' concept is suited for businesses seeking strong foot traffic and exposure. The spaces are strategically placed for maximum visibility and customer interaction, leveraging Meijer’s steady flow of shoppers to drive business growth. The monthly fee covers real estate taxes, property insurance, CAM, and utilities. Interior and exterior signage opportunities are available on the building’s façade for added exposure. The locations are situated in thriving trade areas with desirable customer bases, with multiple vacancies available in Meijer stores across key Midwest markets. These spaces are suitable for financial institutions, food and beverage businesses, service businesses, and health and wellness services, as well as insurance and real estate companies.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woodhaven
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2178
    Latitude
    42.1337

    Nearby Similar for Lease

    • Contact for pricing
      1,210 SF

      Retail Space in West Allen

      Retail space available in a busy Woodhaven shopping center.
      19555 Rd West, Woodhaven, MI
      View Details
    • Contact for pricing

      Woodhaven Commercial Property for Lease

      Commercial property available for rent in Woodhaven, Michigan.
      22051-22169 West Rd, Woodhaven, MI 48183
      View Details
    • Contact for pricing

      Woodhaven Commercial Property For Lease

      Commercial property available for lease in Woodhaven, Michigan.
      22051-22169 West Rd, Woodhaven, MI 48183
      View Details
    • Contact for pricing

      Retail Space in Woodhaven Center

      Prime 4,200 SF retail space in thriving center.
      23500 Allen Rd, Woodhaven, MI 48183
      View Details
    • Contact for pricing
      10,953 SF

      Office Building in Business District

      10,953 SF office building in a busy district.
      22601 Allen Rd, Woodhaven, MI
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Prime Medical Office Space in Woodhaven, MI. Large footprint available.
      21595 Allen Rd, Woodhaven, MI 48183
      View Details

    FAQs

    What type of property is this?
    Retail space - Woodhaven, MI: 407 SF Retail Space
    Where is this retail space located?
    The property is located at 22600 Allen Rd Woodhaven, MI.
    What are key features of this property?
    This property features: - High-Traffic Front-of-Store Location: Located inside Meijer stores, providing maximum visibility and customer interaction.; - Access to Thousands of Weekly Customers: Leverage Meijer’s existing customer base to drive business growth.; - All-Inclusive Monthly Fee: One monthly payment covers real estate taxes, property insurance, CAM, and utilities.
    Request Owner's contact information
    22600 Allen Rd Woodhaven, MI 48183
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    22600 Allen Rd
    Woodhaven, MI 48183
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22600 Allen Rd Woodhaven, MI 48183
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kevin Marschall
    Kevin Marschall
    Real Estate License ID: 471022479
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!