Building Details

Building Size 1,500 SF

Buildings 1

Tenancy Single

Listing Agency: Gerdom Realty & Investment

Listed By: Tjader T. S. Gerdom · License #MI 6502357230 Show Phone

Source: Cpix.resimplifi

Added: Oct 29 Changed: Oct 30 Last Checked: Oct 30 at 3:05PM

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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 Gerdom Realty & Investment

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

The 1,500-square-foot retail building sits on a 0.2-acre parcel and is occupied by Domino’s Pizza. Its lease has more than 8 years remaining. Recent property work includes a roof replacement, parking area improvements, and replacement of the sewer connection to the public system, all completed in 2025.

The property is zoned CC and is located on West Jefferson Avenue in Ecorse, Michigan.

Key Highlights

• Domino’s Pizza occupies the building, with more than 8 years remaining on the lease
• 1,500 SF retail building on a 0.2 AC parcel
• Roof replacement, parking lot work, and public sewer connection replacement completed in 2025

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,213

Cap Rate

3.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,260 $284.3K

Cap Rate 7%

$203,043 $203.0K

Cap Rate 9%

$157,922 $157.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$21.6K $14.40/SF

− Vacancy

−$1.3K −$0.86/SF

EGI

$20.3K $13.54/SF

− OpEx

−$6.1K −$4.06/SF

NOI

$14.2K $9.48/SF

Area

Wayne County, MI

Vacancy

6.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,260

Cap Rate 7%

$203,043

Cap Rate 9%

$157,922

Alternative Uses

Best Use

Retail

$203.0K

$177.7K – $236.9K (±1% cap)

NOI $14,213 @ 7.0% cap · market cap 3.79%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$277.7K

$243.0K – $324.0K (±1% cap)

NOI $19,440 @ 7.0% cap · market cap 5.18%

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

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

264

Businesses Nearby

14k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 95% Electronics 5%

Marathon Petroleum Shops & Services

5,176 visits/mo 0.3 miles

Family Dollar Shops & Services

5,008 visits/mo 0.3 miles

Sunoco Shops & Services

3,545 visits/mo 0.3 miles

Metro by T-Mobile Electronics

695 visits/mo 0.3 miles

Demographics for 48229, MI

9,258

Population

4,156

Households

2.2

Avg Household Size

36

Median Age

9%

College-Educated

72%

High-School Grad

2.8 sq mi

ZIP Area

3,306

Density / Sq Mi

$45,148

Median Household Income

$33,815

Median Earnings

$879

Median Rent

$59,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - An established pizza tenant occupies the property under a lease with more than eight years remaining.

Where is this retail space located?

The property is located at 4048 4050 & 4058 West Jefferson Avenue Ecorse, MI.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Domino’s Pizza occupies the building, with more than 8 years remaining on the lease; 1,500 SF retail building on a 0.2 AC parcel; Roof replacement, parking lot work, and public sewer connection replacement completed in 2025