Flex Space with Office
407 W 9 Mile Road Hazel Park, MI 48030
407 W 9 Mile Road, Hazel Park, MI, 48030
$324,900
For Sale
$324,900
Flex building includes a front office with separate heat and AC and a rear shop with a 10' height rear door.
Property Size2,269 SF
Price / SF$143.19
Days on Market349
Property Features for 407 W 9 Mile Road
General Information
- Standard status
- Active
- Size
- 2,269 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1951
Listing agency
KW Professionals
(734) 891-7085
Listed by
Severin Faulhaber
(734) 891-7085
Source
Homesforsaleinmich
Added: Aug 8, 2025 Updated: Jul 22 at 3:53AM Checked: Jul 22 at 3:53AM
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 KW Professionals
Investment Insights
Based on property information with market context.
The property is a flex space building with a front office area and a rear shop. The office includes a bathroom and has rough interior dimensions of approximately 27' by 27'. The shop area is approximately 28' by 55' and features a rear door with an estimated 10' height.
There is also a separate adjacent lot measuring 30' by 105'. The office area has its own separate heat and AC. The shop area has its own heater and includes electrical service with a main circuit breaker panel and a sub-panel located next to the office area.
The property is offered for sale, and showings require 24 hours notice.
There is also a separate adjacent lot measuring 30' by 105'. The office area has its own separate heat and AC. The shop area has its own heater and includes electrical service with a main circuit breaker panel and a sub-panel located next to the office area.
The property is offered for sale, and showings require 24 hours notice.
Key Highlights
- Flex building (1951) at 411 W. 9 Mile includes a front office and rear shop
- Front office area with bathroom has rough interior dimensions of 27' x 27' and separate heat and AC
- Rear shop area has rough interior dimensions of 28' x 55'
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 | $40.8k | $18.00 |
| − Vacancy | −$4.7k | −$2.09 |
| EGI | $36.1k | $15.91 |
| − OpEx | −$12.6k | −$5.57 |
| NOI | $23.5k | $10.34 |
2,269 SF · lease $18.00/SF/yr · vacancy 11.60% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$335.3K
$293.4K – $391.1K
NOI $23,468 @ 7.0% cap · market cap 7.22%
Second Best
Industrial
$160.6K
$140.5K – $187.4K
NOI $11,242 @ 7.0% cap · market cap 3.46%
Theoretical Best
Specialty Retail
$489.4K
$428.2K – $571.0K
NOI $34,258 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Urgent Dental
Dental Office
Harmonic attenuation
Sculpture
Similar For Sale Nearby
Similar Off Market 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
FAQs
What type of property is this?
Flex space - Flex building includes a front office with separate heat and AC and a rear shop with a 10' height rear door.
Where is this flex space located?
The property is located at 407 W 9 Mile Road Hazel Park, MI.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Flex building (1951) at 411 W. 9 Mile includes a front office and rear shop; Front office area with bathroom has rough interior dimensions of 27' x 27' and separate heat and AC; Rear shop area has rough interior dimensions of 28' x 55'
