Mixed-Use Corner
4601 Allen Rd Allen Park, MI 48101
4601 Allen Rd, Allen Park, MI, 48101
$385,000
For Sale
$385,000
Corner lot mixed-use building with retail/service space and residential living upstairs.
Property Size1,849 SF
Price / SF$208.22
Days on Market197
Property Features for 4601 Allen Rd
General Information
- Standard status
- Active
- Size
- 1,849 SF
Listing agency
Real Estate One-Southgate
(734) 658-7039
Listed by
Erica Hussey
(734) 658-7039
Source
Exprealty
Added: Jan 7 Updated: Jul 22 at 7:21PM Checked: Jul 22 at 7:21PM
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 Real Estate One-Southgate
Investment Insights
Based on property information with market context.
This mixed-use corner building offers retail, service, salon, or office space with residential living upstairs. Features referenced in the listing include tankless hot water, a re-glazed roof completed in 2023, and updated finishes such as bamboo floors and a tiled ceiling. The property is described as move-in ready and includes a wooden archway, pilasters, and stucco walls.
The building is located on a busy Allen Road corridor in Allen Park, with corner lot positioning.
As presented, the layout supports a live-work arrangement with commercial space at street level and residential space above.
The building is located on a busy Allen Road corridor in Allen Park, with corner lot positioning.
As presented, the layout supports a live-work arrangement with commercial space at street level and residential space above.
Key Highlights
- Corner lot mixed‑use building on busy Allen Road in Allen Park
- Retail/service space on the main level with residential living upstairs
- Tankless hot water
Local Financial Insights For Mixed Use
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 | $39.9k | $21.60 |
| − Vacancy | −$4.8k | −$2.59 |
| EGI | $35.1k | $19.01 |
| − OpEx | −$13.2k | −$7.13 |
| NOI | $22.0k | $11.88 |
1,849 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$313.8K
$274.6K – $366.1K
NOI $21,966 @ 7.0% cap · market cap 5.71%
Second Best
Retail
$250.3K
$219.0K – $292.0K
NOI $17,520 @ 7.0% cap · market cap 4.55%
Theoretical Best
Specialty Retail
$342.3K
$299.5K – $399.4K
NOI $23,963 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Better Health & Nutrition
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Corner lot mixed-use building with retail/service space and residential living upstairs.
Where is this live-work space located?
The property is located at 4601 Allen Rd Allen Park, MI.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Corner lot mixed‑use building on busy Allen Road in Allen Park; Retail/service space on the main level with residential living upstairs; Tankless hot water
