Convenience Store with In-Store
555 Detroit Unit SourceFi Detroit, MI 48205
555 Detroit Unit SourceFi, Detroit, MI, 48205
$850,000
For Sale
$850,000
Established convenience store with an in-place, partially operating restaurant setup and on-site customer parking.
Property Size4,000 SF
Price / SF$212.50
Days on Market52
Property Features for 555 Detroit Unit SourceFi
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
(248) 275-7291
Listed by
Keller Williams Home
(248) 275-7291
Source
Xome
Added: May 29 Checked: Jul 19 at 1:48 am
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 Keller Williams Home
Investment Insights
Based on property information with market context.
This established convenience store includes an in-place restaurant setup inside the store that is currently not fully operating, offering a ready configuration for a new operator to activate that space. The property is positioned as a daily-traffic retail stop designed to support consistent customer use, with on-site parking for convenience.
The business is reported to generate over $1.2 million in annual sales and benefits from strong visibility along a commercial corridor in Detroit. It is offered for sale in a Wayne County area.
The offering is presented as a turnkey opportunity due to the combination of the operating convenience store and the existing restaurant setup within the same location.
The business is reported to generate over $1.2 million in annual sales and benefits from strong visibility along a commercial corridor in Detroit. It is offered for sale in a Wayne County area.
The offering is presented as a turnkey opportunity due to the combination of the operating convenience store and the existing restaurant setup within the same location.
Key Highlights
- Established Detroit‑area convenience store on a high‑traffic commercial corridor with over $1.2M in annual sales
- Includes an in‑place restaurant setup inside the store that is currently not fully operating
- On‑site customer parking for store convenience
Local Financial Insights For Specialty Retail
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 | $74.4k | $18.60 |
| − Vacancy | −$4.0k | −$1.00 |
| EGI | $70.4k | $17.60 |
| − OpEx | −$17.6k | −$4.40 |
| NOI | $52.8k | $13.20 |
4,000 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$754.1K
$659.8K – $879.8K
NOI $52,787 @ 7.0% cap · market cap 6.21%
Second Best
Retail
$703.8K
$615.9K – $821.1K
NOI $49,268 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$882.4K
$772.1K – $1.03M
NOI $61,769 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
Similar Off Market Nearby
- Margin Group Corporation — 16423 E Warren Ave, Detroit, MI 48224
FAQs
What type of property is this?
Grocery and convenience store - Established convenience store with an in-place, partially operating restaurant setup and on-site customer parking.
Where is this grocery and convenience store located?
The property is located at 555 Detroit Unit SourceFi Detroit, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Established Detroit‑area convenience store on a high‑traffic commercial corridor with over $1.2M in annual sales; Includes an in‑place restaurant setup inside the store that is currently not fully operating; On‑site customer parking for store convenience
