Retail Storefront in CVS-Anchored
23780 West Road, Brownstown, MI 48183
For Sale
Contact for pricing
1,260 SF retail suite in a CVS-anchored center with rear garage door access and strong West Road visibility.
Property Size36,168 SF
Price / SF$0.01
Days on Market139
Property Features for 23780 West Road
General Information
Standard status
Size
Property subtype
Lease Term
Additional Details
Highway Access
Drive-In Doors
Building Details
Building Size
Year Built
Properties For Sale
at 23780 West Road
Suite 23780
Size
1,260 SF
Term
Negotiable
Listing Agency:
KJ Commercial
Listed By:
Kevin Jappaya, CCIM · License MI #6502380656
(248) 931-1980
Source:
Kjcre
Added: Jun 25
Changed: Nov 5
Last Checked: Nov 10 at 7:18AM
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 KJ Commercial
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Investment Insights
Based on property information with market context.
This offering provides 1,260 SF of available retail space within a CVS-anchored shopping center. The suite is described as having excellent visibility from West Road and includes pylon signage availability. In addition, a garage door entrance is available in the rear of the building for Suite 23780.
The property is located on West Road in Brownstown, MI. It is directly across the street from Kroger and is minutes from I-75. The center is also less than 3 miles from Ford’s two million square foot Woodhaven Stamping Plant, supporting proximity to established employment.
For tenants seeking a retail storefront with prominent road exposure, this suite offers a convenient layout for customer-facing use within an active tenant mix. The center includes CVS plus other in-line offerings such as Anytime Fitness, Little Caesars, Subway, and additional tenants, which can help support day-to-day foot traffic within the shopping center environment. Rear garage door access may be useful for deliveries and back-of-house operations depending on a tenant’s needs.
The property is located on West Road in Brownstown, MI. It is directly across the street from Kroger and is minutes from I-75. The center is also less than 3 miles from Ford’s two million square foot Woodhaven Stamping Plant, supporting proximity to established employment.
For tenants seeking a retail storefront with prominent road exposure, this suite offers a convenient layout for customer-facing use within an active tenant mix. The center includes CVS plus other in-line offerings such as Anytime Fitness, Little Caesars, Subway, and additional tenants, which can help support day-to-day foot traffic within the shopping center environment. Rear garage door access may be useful for deliveries and back-of-house operations depending on a tenant’s needs.
Key Highlights
- 1,260 SF retail suite available in a CVS‑anchored retail center
- Excellent visibility on West Road with pylon signage available
- Rear garage door entrance for Suite 23780
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,939
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,780
$238.8K
Cap Rate 7%
$170,557
$170.6K
Cap Rate 9%
$132,656
$132.7K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$18.1K $14.40/SF
− Vacancy
−$1.1K −$0.86/SF
EGI
$17.1K $13.54/SF
− OpEx
−$5.1K −$4.06/SF
NOI
$11.9K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,780
Cap Rate 7%
$170,557
Cap Rate 9%
$132,656
Alternative Uses
Best Use
Retail
$170.6K
$149.2K – $199.0K
NOI $11,939 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$233.3K
$204.1K – $272.2K
NOI $16,330 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
117k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 34%
Shops & Services 34%
Dining 28%
Electronics 4%
Kroger
Groceries
40,120 visits/mo
0.2 miles
Dollar Tree
Shops & Services
20,992 visits/mo
0.2 miles
Taco Bell
Dining
14,417 visits/mo
0.1 miles
BP
Shops & Services
10,213 visits/mo
0.1 miles
Burger King
Dining
9,244 visits/mo
0.3 miles
Demographics for 48183, MI
42,447
Population
18,095
Households
2.3
Avg Household Size
43
Median Age
27%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,358
Density / Sq Mi
$82,020
Median Household Income
$51,534
Median Earnings
$1,009
Median Rent
$214,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Shopping centers in Wayne County, MI
Properties on Market for Shopping centers in Wayne County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Kroger - Michigan, 23849 West Rd, Brownstown Charter Twp, MI 48134
Frequently Asked Questions
What type of property is this?
Shopping center - 1,260 SF retail suite in a CVS-anchored center with rear garage door access and strong West Road visibility.
Where is this shopping center located?
The property is located at 23780 West Road Brownstown, MI.
What are key features of this property?
This property features: 1,260 SF retail suite available in a CVS‑anchored retail center; Excellent visibility on West Road with pylon signage available; Rear garage door entrance for Suite 23780
