Two-Story Mixed-Use
New
For Sale
Contact for pricing
2300 Ford Avenue, Wyandotte, MI 48192
Ground-floor commercial space is paired with a second-floor apartment and on-site parking.
Property Size3,484 SF
Price / SF$100.46
Days on Market7
Property Features for 2300 Ford Avenue
General Information
Standard status
Active
Size
3,484 SF
Total Parking Spaces
4
Property subtype
Multifamily, Mixed Use, Retail, Land, Business for Sale
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Road Access
Yes
Building Details
Year Built
1955
Buildings
1
Stories
2
Units
2
Listing Agency:
Keller Williams Paint Creek
Listed By:
Brian Kirksey, CCIM · License #MI# 6506048229
Source:
Crexi
Added: Aug 14
Changed: Aug 18
Last Checked: Aug 20 at 5:05PM
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 Keller Williams Paint Creek
Investment Insights
Based on property information with market context.
Located at 2300 Ford Avenue in Wyandotte, this 3,484 SF mixed-use property combines commercial and residential space within a two-story building constructed in 1955. The ground level provides retail or other commercial space, while the upper level contains a 2-bedroom, 1-bath apartment.
The property includes an attached 1-car garage and 3 surface parking spaces reached from the rear alley. Its Ford Avenue address provides street-facing commercial exposure. The configuration supports an owner-user arrangement with living space above the business or separate commercial and residential occupancy under one roof.
The property includes an attached 1-car garage and 3 surface parking spaces reached from the rear alley. Its Ford Avenue address provides street-facing commercial exposure. The configuration supports an owner-user arrangement with living space above the business or separate commercial and residential occupancy under one roof.
Key Highlights
- 3,484 SF two‑story mixed‑use building constructed in 1955
- Ground‑floor retail or commercial space along Ford Avenue
- Second‑floor 2‑bedroom, 1‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,408
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$628,160
$628.2K
Cap Rate 7%
$448,686
$448.7K
Cap Rate 9%
$348,978
$349.0K
Market Conditions
NOI Build-Up for 3,484 SF
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.
Gross rent
$60.6K $17.40/SF
− Vacancy
−$3.5K −$1.01/SF
EGI
$57.1K $16.39/SF
− OpEx
−$25.7K −$7.38/SF
NOI
$31.4K $9.01/SF
Area
Wayne County, MI
Vacancy
5.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$628,160
Cap Rate 7%
$448,686
Cap Rate 9%
$348,978
Alternative Uses
Best Use
Mixed Use
$591.3K
$517.4K – $689.8K
NOI $41,390 @ 7.0% cap · market cap 11.83%
Second Best
Retail
$471.6K
$412.7K – $550.2K
NOI $33,012 @ 7.0% cap · market cap 9.43%
Theoretical Best
Specialty Retail
$645.0K
$564.4K – $752.6K
NOI $45,153 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 48192, MI
25,058
Population
11,441
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
91%
High-School Grad
5.3 sq mi
ZIP Area
4,728
Density / Sq Mi
$67,846
Median Household Income
$42,999
Median Earnings
$995
Median Rent
$159,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with a second-floor apartment and on-site parking.
Where is this mixed-use property located?
The property is located at 2300 Ford Avenue Wyandotte, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3,484 SF two‑story mixed‑use building constructed in 1955; Ground‑floor retail or commercial space along Ford Avenue; Second‑floor 2‑bedroom, 1‑bath apartment
