Updated Retail Storefront with Rear
For Sale
Contact for pricing
2680 Coolidge Highway, Berkley, MI 48072
Completely updated storefront with flexible office space and a rear yard suited for outdoor seating use.
Property Size1,200 SF
Price / SF$382.50
Days on Market247
Property Features for 2680 Coolidge Highway
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
39
Property subtype
Retail
Zoning
Commercial
Investment Type
Owner/User
Additional Details
Traffic Count
17,836 vehicles/day
Building Details
Year Built
1954
Year Renovated
2015
Buildings
1
Units
1
Listing Agency:
Devonshire Realty
(248) 347-3800
Listed By:
Essam Sackllah
Source:
Crexi
Added: Dec 7, 2025
Changed: Aug 8
Last Checked: Aug 9 at 9:35AM
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 Devonshire Realty
Investment Insights
Based on property information with market context.
This updated retail storefront includes a very open interior layout with lighting, flooring, and paint improvements, along with dedicated office space, a half bath, a furnace room, and roof-mounted AC. Additional storage room space is included, supported by a 100-amp electrical service. The building measures approximately 20 by 60, and there is a rear yard also measuring approximately 20 by 60 that could be used for outdoor seating in a food-oriented operation. The roof was installed in 2015, and heat and AC are serviced yearly. Store fixtures are available for sale separately or together with the building, should a buyer want them.
The property is located on the downtown strip with walkable access along Coolidge Highway and proximity to a new recreation complex behind the shop. The building is across the street from current Berkley High School lots, and the area includes substantial parking options. The owner has six parking spaces on the rear lot, and there are 33 city parking spaces directly behind the building. Parking in front of the store is also available.
With an open retail floor plan plus an on-site office and practical back-of-house support rooms, the space can work for a range of retail and service concepts that benefit from strong daytime activity and convenient parking. The rear yard adds operational flexibility for tenants seeking an outdoor seating component, subject to applicable approvals.
The property is located on the downtown strip with walkable access along Coolidge Highway and proximity to a new recreation complex behind the shop. The building is across the street from current Berkley High School lots, and the area includes substantial parking options. The owner has six parking spaces on the rear lot, and there are 33 city parking spaces directly behind the building. Parking in front of the store is also available.
With an open retail floor plan plus an on-site office and practical back-of-house support rooms, the space can work for a range of retail and service concepts that benefit from strong daytime activity and convenient parking. The rear yard adds operational flexibility for tenants seeking an outdoor seating component, subject to applicable approvals.
Key Highlights
- Completely updated interior with open layout, office, half bath, furnace room, and storage rooms
- Roof replaced in 2015; HVAC serviced yearly; AC installed in 2008
- 20 x 60 building with 100 AMP electrical service
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
$12,912
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
2.81%
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%
$258,240
$258.2K
Cap Rate 7%
$184,457
$184.5K
Cap Rate 9%
$143,467
$143.5K
Market Conditions
NOI Build-Up for 1,200 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
$20.2K $16.80/SF
− Vacancy
−$1.7K −$1.43/SF
EGI
$18.4K $15.37/SF
− OpEx
−$5.5K −$4.61/SF
NOI
$12.9K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
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%
$258,240
Cap Rate 7%
$184,457
Cap Rate 9%
$143,467
Alternative Uses
Best Use
Retail
$184.5K
$161.4K – $215.2K
NOI $12,912 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$258.8K
$226.5K – $302.0K
NOI $18,118 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17,836 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 27%
Taco Bell
Dining
15,399 visits/mo
0.3 miles
Little Caesars Pizza
Dining
8,826 visits/mo
0.4 miles
Sunoco
Shops & Services
5,884 visits/mo
0.3 miles
PNC Bank
Shops & Services
5,223 visits/mo
0.4 miles
Bagger Dave's
Dining
4,283 visits/mo
0.1 miles
Demographics for 48072, MI
15,194
Population
7,068
Households
2.1
Avg Household Size
38
Median Age
58%
College-Educated
99%
High-School Grad
2.4 sq mi
ZIP Area
6,331
Density / Sq Mi
$113,103
Median Household Income
$68,818
Median Earnings
$1,436
Median Rent
$289,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Completely updated storefront with flexible office space and a rear yard suited for outdoor seating use.
Where is this retail space located?
The property is located at 2680 Coolidge Highway Berkley, MI.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Completely updated interior with open layout, office, half bath, furnace room, and storage rooms; Roof replaced in 2015; HVAC serviced yearly; AC installed in 2008; 20 x 60 building with 100 AMP electrical service
