407 W 9 Mile Rd, Hazel Park, MI 48030
Flex space property with adjacent lot in West End.
- Added:
- Mar 10, 2026
- Days on Market:
- 119
- Last Refresh:
- Jul 3 at 12:55 am
Property Features for 407 W 9 Mile Rd
General Information
- Standard status
- Active
- Size
- 2,251 SF
- Lot size
- 0.19 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1951
Listing office Keller Williams Professionals (734) 891-7085
Listing date Mar 10, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Professionals
HighLights
- Flex space property suitable for office and shop use.
- Includes adjacent separate lot (30x105).
- Shop area with rear door (10' height).
- Separate heat and AC for the office area.
- Shop area has its own heater.
- Main circuit breaker panel and sub‑panel in shop area.
Overview
Local Financial Insights For Flex RnD
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 | $40.5k | $18.00 |
| − Vacancy | −$4.7k | −$2.09 |
| EGI | $35.8k | $15.91 |
| − OpEx | −$12.5k | −$5.57 |
| NOI | $23.3k | $10.34 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Continental Culinary Center — 1515 Jarvis St # 1, Ferndale, MI 48220
- SHRED / Shredderz Food Truck — 21839 John R Rd, Hazel Park, MI 48030
- Jackson's Five Star Catering — 1111 E 9 Mile Rd, Ferndale, MI 48220
Location Insight
- Map
- Local Demand
- City
- Hazel Park
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1084
- Latitude
- 42.461