Convenience Store with Vacant Upper
New
For Sale
$2,800,000
3312 4th St, Wyandotte, MI 48192
The operating liquor business and its building are offered together, along with a separate parcel.
Property Size14,538 SF
Days on Market2
Property Features for 3312 4th St
General Information
Standard status
Active
Size
14,538 SF
Total Parking Spaces
18
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$11,708
Building Details
Building Size
14,538 SF
Year Built
1928
Buildings
1
Stories
2
Listing Agency:
New Michigan Realty
Listed By:
Joseph Tinpan · License #6501306210
(844) 639-6424
Source:
Elliman
Added: Oct 7
Last Checked: Oct 7 at 2:10PM
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 New Michigan Realty
Investment Insights
Based on property information with market context.
At 3312 4th St, the two-story property contains just over 14,000 square feet and dates to 1928. The liquor store has been updated, while the entire upper floor is vacant. The sale includes the business and the building.
A separate vacant lot at 343 Eureka Road is also included. The property has 18 dedicated parking spaces, with street parking available as well.
A separate vacant lot at 343 Eureka Road is also included. The property has 18 dedicated parking spaces, with street parking available as well.
Key Highlights
- Two‑story building with just over 14,000 square feet
- Updated liquor store; business and building are included in the sale
- Entire second floor is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,412
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,768,240
$3.8M
Cap Rate 7%
$2,691,600
$2.7M
Cap Rate 9%
$2,093,467
$2.1M
Market Conditions
NOI Build-Up for 14,538 SF
Gross rent
$261.7K $18.00/SF
− Vacancy
−$10.5K −$0.72/SF
EGI
$251.2K $17.28/SF
− OpEx
−$62.8K −$4.32/SF
NOI
$188.4K $12.96/SF
Area
Wayne County, MI
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,768,240
Cap Rate 7%
$2,691,600
Cap Rate 9%
$2,093,467
Alternative Uses
Best Use
Specialty Retail
$2.69M
$2.36M – $3.14M
NOI $188,412 @ 7.0% cap · market cap 6.73%
Second Best
Retail
$1.97M
$1.72M – $2.30M
NOI $137,750 @ 7.0% cap · market cap 4.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
265k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Groceries 26%
Home Improvements & Furnishings 13%
Shops & Services 13%
Kroger
Groceries
69,382 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
34,238 visits/mo
0.3 miles
McDonald's
Dining
28,456 visits/mo
0.3 miles
SONIC Drive In
Dining
19,762 visits/mo
0.3 miles
Starbucks
Dining
16,942 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The operating liquor business and its building are offered together, along with a separate parcel.
Where is this grocery and convenience store located?
The property is located at 3312 4th St Wyandotte, MI.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Two‑story building with just over 14,000 square feet; Updated liquor store; business and building are included in the sale; Entire second floor is vacant
