Freestanding Office/Retail
37451 Ecorse Rd Romulus, MI 48174
For Sale
$800,000
Freestanding former bank branch offers 4,103 SF with ample parking, immediate availability, and 238' frontage on Ecorse Road.
Property Size4,103 SF
Price / SF$194.98
Days on Market226
Property Features for 37451 Ecorse Rd
General Information
- Standard status
- Active
- Size
- 4,103 SF
- Property subtype
- Retail
Listing Agency:
NAI Farbman
(248) 351-4367
Listed By:
Brad Margolis · License #6501371948
(248) 351-4367
Source:
Cpix.resimplifi
Added: Dec 9, 2025
Changed: Jul 23
Last Checked: Jul 23 at 7:50AM
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 NAI Farbman
Investment Insights
Based on property information with market context.
For lease, a well-maintained 4,103 SF freestanding building currently operating as a banquet facility. The property was previously a bank branch, and it features many building upgrades. Immediate occupancy is available, and the site includes ample parking with smooth ingress and egress.
The building has 238' of frontage on Ecorse Road with two curb cuts for convenient access. Additional land is included and available for tenant use, offering flexibility for outdoor needs.
This configuration can support a range of office and retail uses, making it a practical option for tenants seeking a freestanding facility with dedicated access and parking.
The building has 238' of frontage on Ecorse Road with two curb cuts for convenient access. Additional land is included and available for tenant use, offering flexibility for outdoor needs.
This configuration can support a range of office and retail uses, making it a practical option for tenants seeking a freestanding facility with dedicated access and parking.
Key Highlights
- 4,103 SF freestanding building available for lease with immediate occupancy
- Former bank branch currently operating as a banquet facility
- 238' frontage on Ecorse Road with two (2) curb cuts for access
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.9k | $18.00 |
| − Vacancy | −$3.0k | −$0.72 |
| EGI | $70.9k | $17.28 |
| − OpEx | −$17.7k | −$4.32 |
| NOI | $53.2k | $12.96 |
4,103 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$759.6K
$664.7K – $886.3K
NOI $53,175 @ 7.0% cap · market cap 6.65%
Second Best
Retail
$555.4K
$486.0K – $648.0K
NOI $38,877 @ 7.0% cap · market cap 4.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
FAQs
What type of property is this?
Bank - Freestanding former bank branch offers 4,103 SF with ample parking, immediate availability, and 238' frontage on Ecorse Road.
Where is this bank located?
The property is located at 37451 Ecorse Rd Romulus, MI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 4,103 SF freestanding building available for lease with immediate occupancy; Former bank branch currently operating as a banquet facility; 238' frontage on Ecorse Road with two (2) curb cuts for access
