New Building in Airport
29721 Michigan Ave, Inkster, MI 48141
For Sale
Contact for pricing
Versatile 4,900 SF space suitable for various business uses.
Property Size4,900 SF
Lot Size0.92 Acres
Price / SF$224.49
Days on Market569
Property Features for 29721 Michigan Ave
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Lease Type
Investment Type
Building Details
Year Built
Year Renovated
Units
Listing Agency:
Transwestern Detroit
Listed By:
Charles Howard · License MI #6506044836
(248) 440-1447
Source:
Crexi
Added: Apr 21, 2025
Changed: Oct 26
Last Checked: Nov 10 at 5:51AM
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 Transwestern Detroit
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Investment Insights
Based on property information with market context.
Located in the Airport District, the property at 29721 Michigan Ave in Inkster, MI, offers a 4,900 SF space suitable for a variety of business uses. Situated in a high-traffic area with a daily traffic count of 27,300 cars, this property is positioned on a retail and office corridor. The building features three potential suites, currently configured as two. One of the suites is designed as a showroom. The smaller suites are first-generation spaces, allowing for customization. The property has a shared egress with The Flight Club, providing visibility and accessibility. Zoned as C-2 Commercial on a 0.92 AC lot.
Key Highlights
- Brand new building built in 2024, available at just over $100/SF.
- Located in a high‑traffic area with 27,300 cars passing daily.
- Versatile 4,900 SF space suitable for various business uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,212
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,240
$1.2M
Cap Rate 7%
$831,600
$831.6K
Cap Rate 9%
$646,800
$646.8K
Market Conditions
NOI Build-Up for 4,900 SF
Gross rent
$105.8K $21.60/SF
− Vacancy
−$12.7K −$2.59/SF
EGI
$93.1K $19.01/SF
− OpEx
−$34.9K −$7.13/SF
NOI
$58.2K $11.88/SF
Area
Wayne County, MI
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,240
Cap Rate 7%
$831,600
Cap Rate 9%
$646,800
Alternative Uses
Best Use
Mixed Use
$831.6K
$727.7K – $970.2K
NOI $58,212 @ 7.0% cap · market cap 5.29%
Second Best
Retail
$663.3K
$580.4K – $773.8K
NOI $46,428 @ 7.0% cap · market cap 4.22%
Theoretical Best
Specialty Retail
$907.2K
$793.8K – $1.06M
NOI $63,504 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
8,435 visits/mo
0.2 miles
BP
Shops & Services
7,952 visits/mo
0.2 miles
U-Haul
Shops & Services
3,706 visits/mo
0.1 miles
Demographics for 48141, MI
26,088
Population
11,497
Households
2.3
Avg Household Size
34
Median Age
12%
College-Educated
83%
High-School Grad
6.3 sq mi
ZIP Area
4,141
Density / Sq Mi
$39,632
Median Household Income
$32,135
Median Earnings
$1,127
Median Rent
$75,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Wayne County, MI
Properties on Market for Mixed-use properties in Wayne County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile 4,900 SF space suitable for various business uses.
Where is this mixed-use property located?
The property is located at 29721 Michigan Ave Inkster, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Brand new building built in 2024, available at just over $100/SF.; Located in a high‑traffic area with 27,300 cars passing daily.; Versatile 4,900 SF space suitable for various business uses.
