4058 West Jefferson Avenue, Ecorse, MI 48229

Building Details

Buildings 1 More

Tenancy Single More

Listing Agency: Gerdom Realty & Investment

Listed By: Michael Murphy · License MI #6501389134 Show Phone

Source: Crexi

Added: Sep 23 Changed: Nov 3 Last Checked: Nov 12 at 5:44AM

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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.

This 1,500-square-foot retail building is occupied by Domino's Pizza as its sole tenant. The lease has more than eight years remaining, providing a defined tenancy term.

Property improvements completed in 2025 include a new roof, work to the parking lot, and replacement of the sewer connection to the public sewer. The site encompasses 0.2 acres on West Jefferson Avenue in Ecorse, Michigan.

Key Highlights

• Domino's Pizza is the sole tenant, with more than 8 years remaining on its lease
• 1,500‑square‑foot retail building on 0.2 acres
• New roof completed in 2025

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,440

Cap Rate

5.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$388,800 $388.8K

Cap Rate 7%

$277,714 $277.7K

Cap Rate 9%

$216,000 $216.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$27.0K $18.00/SF

− Vacancy

−$1.1K −$0.72/SF

EGI

$25.9K $17.28/SF

− OpEx

−$6.5K −$4.32/SF

NOI

$19.4K $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%

$388,800

Cap Rate 7%

$277,714

Cap Rate 9%

$216,000

Alternative Uses

Best Use

Specialty Retail

$277.7K

$243.0K – $324.0K (±1% cap)

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

Second Best

Retail

$203.0K

$177.7K – $236.9K (±1% cap)

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

Theoretical Best

—

—

same as Best Use

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

100%

Occupancy

Single-tenant

Tenancy

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

Average Price Trend$/SF for Retail space in Wayne County, MI

$103 Jul

$100 Aug

$124 Sep

$131 Oct

Properties on Market for Retail space in Wayne County

Jul

Aug

Sep

Oct

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 - Domino's Pizza occupies the property under a lease with more than eight years remaining.

Where is this retail space located?

The property is located at 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 is the sole tenant, with more than 8 years remaining on its lease; 1,500‑square‑foot retail building on 0.2 acres; New roof completed in 2025