Downtown Dexter Retail/Service
For Sale
Contact for pricing
3219 Broad St, Dexter, MI 48130
3,000 SF retail/service space in downtown Dexter.
Property Size3,000 SF
Price / SF$0.01
Days on Market204
Property Features for 3219 Broad St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Zoning
CBD CENTRAL BUSINESS DISTRICT
Lease Term
NNN
Properties For Sale
at 3219 Broad St
102
Size
3,000 SF
Type
Strip Center
Term
Negotiable
Listing Agency:
Swisher Commercial
Listed By:
Jeff Evans · License #MI #6506045981
(734) 926-0222
Source:
Swishercommercial
Added: Apr 1
Changed: Oct 21
Last Checked: Oct 20 at 7:11PM
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 Swisher Commercial
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Investment Insights
Based on property information with market context.
Located in the heart of Downtown Dexter at 3219 Broad St, Suite 102, this property offers approximately 3,000 square feet of versatile retail or service space. It is situated in a well-located neighborhood strip center with high visibility near Main Street. The space features an open floor plan with a flexible layout and includes two ADA-accessible restrooms. A 160' X 8.5' delivery corridor with double doors is located in the back. On-site parking is available. The location is walkable to shops, restaurants, and downtown amenities. The property is located within a well-established strip center with a strong tenant mix, including restaurant, medical, and retail users.
Key Highlights
- Prime downtown Dexter location with high visibility near Main Street.
- Approximately 3,000 SF of versatile retail or service space.
- Open floor plan with flexible layout.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,793
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,860
$815.9K
Cap Rate 7%
$582,757
$582.8K
Cap Rate 9%
$453,256
$453.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$63.0K $21.00/SF
− Vacancy
−$4.7K −$1.58/SF
EGI
$58.3K $19.43/SF
− OpEx
−$17.5K −$5.83/SF
NOI
$40.8K $13.60/SF
Area
Washtenaw County, MI
Vacancy
7.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,860
Cap Rate 7%
$582,757
Cap Rate 9%
$453,256
Alternative Uses
Best Use
Retail
$582.8K
$509.9K – $679.9K
NOI $40,793 @ 7.0% cap · market cap 254,956.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$881.5K
$771.3K – $1.03M
NOI $61,704 @ 7.0% cap · market cap 385,650.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
Business Placement
Demographics for 48130, MI
16,469
Population
6,316
Households
2.6
Avg Household Size
43
Median Age
67%
College-Educated
98%
High-School Grad
64.0 sq mi
ZIP Area
257
Density / Sq Mi
$131,875
Median Household Income
$56,550
Median Earnings
$1,681
Median Rent
$453,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - 3,000 SF retail/service space in downtown Dexter.
Where is this retail space located?
The property is located at 3219 Broad St Dexter, MI.
What are key features of this property?
This property features: Prime downtown Dexter location with high visibility near Main Street.; Approximately 3,000 SF of versatile retail or service space.; Open floor plan with flexible layout.
