Three-Unit Retail
22909 Van Born Road Unit SourceFi Taylor, MI 48180
For Sale
$399,900
Well-maintained plaza includes three retail stores, each with a private bathroom and storage area.
Property Size3,850 SF
Price / SF$103.87
Days on Market8
Property Features for 22909 Van Born Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 3,850 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency:
Century 21 Curran & Oberski
(313) 289-2222
Listed By:
Ali Charara · License #6501340600
(313) 289-2222
Source:
Xome
Added: Jul 18
Changed: Jul 24
Last Checked: Jul 24 at 4:58AM
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 Century 21 Curran & Oberski
Investment Insights
Based on property information with market context.
This well-maintained retail plaza features three separate retail stores, each with its own bathroom and storage area. The property has updated air conditioning units and has undergone exterior updates including new doors and windows. For operational flexibility, there is both front and back parking, with the back parking area being fenced.
A back door provides direct access to a spacious parking lot. The configuration supports a range of storefront and service uses, including retail and office or service business operations, subject to applicable requirements.
The units are positioned to support independent in-and-out access through the parking areas, while the interior store layouts include dedicated restroom and storage space for each tenant.
A back door provides direct access to a spacious parking lot. The configuration supports a range of storefront and service uses, including retail and office or service business operations, subject to applicable requirements.
The units are positioned to support independent in-and-out access through the parking areas, while the interior store layouts include dedicated restroom and storage space for each tenant.
Key Highlights
- Well‑maintained retail plaza with 3 separate retail stores, each with its own bathroom and storage area
- Updated air conditioning units
- New doors and windows
Financial Insights For Retail
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 | $55.4k | $14.40 |
| − Vacancy | −$3.3k | −$0.86 |
| EGI | $52.1k | $13.54 |
| − OpEx | −$15.6k | −$4.06 |
| NOI | $36.5k | $9.48 |
3,850 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$521.1K
$456.0K – $608.0K
NOI $36,480 @ 7.0% cap · market cap 9.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$712.8K
$623.7K – $831.6K
NOI $49,896 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Well-maintained plaza includes three retail stores, each with a private bathroom and storage area.
Where is this retail space located?
The property is located at 22909 Van Born Road Unit SourceFi Taylor, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Well‑maintained retail plaza with 3 separate retail stores, each with its own bathroom and storage area; Updated air conditioning units; New doors and windows
