Retail Storefront with Open
For Sale
Contact for pricing
5760 S Merriman, Wayne, MI 48184
An adaptable interior, front windows, signage area and on-site parking support a range of commercial operations.
Property Size1,200 SF
Price / SF$1.92
Days on Market21
Property Features for 5760 S Merriman
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Amenities
large front windows
storefront signage opportunities
Listing Agency:
GoodHome Realty, LLC
Listed By:
Quinton Lemond
(248) 928-4992
Source:
Goodhomemi
Added: Oct 9
Changed: Oct 28
Last Checked: Oct 28 at 4:23PM
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 GoodHome Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot retail space is located in a commercial plaza at 5760 S. Merriman in Wayne. Its open interior can be arranged for a business’s needs, with front windows and a storefront that accommodates signage. On-site parking serves visitors and staff.
The property is along S. Merriman Road, within a commercial setting surrounded by residences and other businesses. Potential uses identified for the space include carryout food service, retail, professional offices, insurance and chiropractic services; all uses are subject to landlord approval and applicable zoning requirements.
The property is along S. Merriman Road, within a commercial setting surrounded by residences and other businesses. Potential uses identified for the space include carryout food service, retail, professional offices, insurance and chiropractic services; all uses are subject to landlord approval and applicable zoning requirements.
Key Highlights
- 1,200‑square‑foot retail space in a commercial plaza
- Open interior layout with front windows
- Storefront offers signage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,370
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,400
$227.4K
Cap Rate 7%
$162,429
$162.4K
Cap Rate 9%
$126,333
$126.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$17.3K $14.40/SF
− Vacancy
−$1.0K −$0.86/SF
EGI
$16.2K $13.54/SF
− OpEx
−$4.9K −$4.06/SF
NOI
$11.4K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,400
Cap Rate 7%
$162,429
Cap Rate 9%
$126,333
Alternative Uses
Best Use
Retail
$162.4K
$142.1K – $189.5K
NOI $11,370 @ 7.0% cap · market cap 494.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$222.2K
$194.4K – $259.2K
NOI $15,552 @ 7.0% cap · market cap 676.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Electronics 5%
Speedway
Shops & Services
11,958 visits/mo
0.1 miles
Family Dollar
Shops & Services
7,462 visits/mo
0.1 miles
BP
Shops & Services
2,449 visits/mo
0.2 miles
Metro by T-Mobile
Electronics
1,109 visits/mo
0.1 miles
Demographics for 48184, MI
17,776
Population
7,739
Households
2.3
Avg Household Size
40
Median Age
16%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
2,469
Density / Sq Mi
$54,572
Median Household Income
$36,548
Median Earnings
$924
Median Rent
$142,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - An adaptable interior, front windows, signage area and on-site parking support a range of commercial operations.
Where is this retail space located?
The property is located at 5760 S Merriman Wayne, MI.
What are key features of this property?
This property features: 1,200‑square‑foot retail space in a commercial plaza; Open interior layout with front windows; Storefront offers signage space
