Convenience Store with Commercial
52 Barker Rd, Northfield Township, MI 48189
For Sale
$950,000
The sale combines an operating retail business, its real estate, equipment, and established sales channels.
Property Size2,116 SF
Price / SF$448.96
Days on Market12
Property Features for 52 Barker Rd
General Information
Standard status
Size
Property subtype
Financials
Asking Price
Business Included
Additional Details
Currently Operating
Amenities
walk-in beer cave
fully equipped commercial kitchen
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
House Of May
Listed By:
Sid T Jamil · License #6501391317
(248) 345-1174
Source:
Vmrealestatemichigan
Added: Oct 27
Changed: Nov 6
Last Checked: Nov 6 at 3:10PM
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 House Of May
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Investment Insights
Based on property information with market context.
This grocery and convenience business operates from a freestanding 2,116-square-foot building constructed in 1977. The business and real estate are offered together, with furniture, fixtures, equipment, an ATM, existing sales channels, and seller-provided transition assistance included. Product sales span liquor, beer and wine, cigars, vaping products, and convenience goods; additional revenue sources include ATM activity and DoorDash alcohol orders.
The premises include a walk-in beer cooler, point-of-sale systems, vendor relationships, and a commercial kitchen that is not currently in use. The property is approximately 10 minutes from Ann Arbor and Brighton.
The premises include a walk-in beer cooler, point-of-sale systems, vendor relationships, and a commercial kitchen that is not currently in use. The property is approximately 10 minutes from Ann Arbor and Brighton.
Key Highlights
- Freestanding 2,116‑square‑foot building, constructed in 1977
- Business sale includes the real estate, furniture, fixtures, equipment, and ATM
- Commercial kitchen is equipped and currently unused
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,377
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,540
$587.5K
Cap Rate 7%
$419,671
$419.7K
Cap Rate 9%
$326,411
$326.4K
Market Conditions
NOI Build-Up for 2,116 SF
Gross rent
$45.7K $21.60/SF
− Vacancy
−$6.5K −$3.09/SF
EGI
$39.2K $18.51/SF
− OpEx
−$9.8K −$4.63/SF
NOI
$29.4K $13.88/SF
Area
Washtenaw County, MI
Vacancy
14.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,540
Cap Rate 7%
$419,671
Cap Rate 9%
$326,411
Alternative Uses
Best Use
Specialty Retail
$419.7K
$367.2K – $489.6K
NOI $29,377 @ 7.0% cap · market cap 3.09%
Second Best
Retail
$411.0K
$359.7K – $479.5K
NOI $28,772 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$621.7K
$544.0K – $725.4K
NOI $43,522 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48189, MI
14,038
Population
6,196
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
97%
High-School Grad
34.2 sq mi
ZIP Area
410
Density / Sq Mi
$82,433
Median Household Income
$48,223
Median Earnings
$1,228
Median Rent
$286,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The sale combines an operating retail business, its real estate, equipment, and established sales channels.
Where is this grocery and convenience store located?
The property is located at 52 Barker Rd Northfield Township, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Freestanding 2,116‑square‑foot building, constructed in 1977; Business sale includes the real estate, furniture, fixtures, equipment, and ATM; Commercial kitchen is equipped and currently unused
