Retail Space with Gated
6543 Hastings Street Detroit, MI 48211
6543 Hastings Street, Detroit, MI, 48211
Contact for pricing
For Sale
Contact for pricing
Immaculately maintained retail space with an electric gated parking lot with an alarm system and recently renovated interiors.
Property Size3,000 SF
Price / SF$233.33
Days on Market94
Property Features for 6543 Hastings Street
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1949
Listing agency
Signature Sotheby's International Realty
(313) 303-7263
Listed by
Brandon Curry · License #MI
Source
Crexi
Added: Apr 20 Updated: Jul 22 at 5:27AM Checked: Jul 22 at 5:27AM
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 Signature Sotheby's International Realty
Investment Insights
Based on property information with market context.
This for-sale retail property includes two parcels and a newly renovated commercial space. The offering features an electric gated parking lot with an alarm system and includes recent interior and systems updates such as a new HVAC system, new roof, updated electrical, updated bathroom, and a complete repaint.
The property is located at 6543 Hastings Street in Detroit, with Black Bottom Park directly across the street. The remarks also indicate proximity to major freeways.
The provided information notes M3 General Ind (Mixed Use), with possible residential use. The seller’s marketing materials reference a total commercial area of over 3,000 SF across the combined parcels.
The property is located at 6543 Hastings Street in Detroit, with Black Bottom Park directly across the street. The remarks also indicate proximity to major freeways.
The provided information notes M3 General Ind (Mixed Use), with possible residential use. The seller’s marketing materials reference a total commercial area of over 3,000 SF across the combined parcels.
Key Highlights
- Over 3,000 SF of commercial space in Detroit’s Milwaukee Junction neighborhood (year built 1949).
- Electric gated parking lot with an alarm system for secure on‑site parking.
- New HVAC system, new roof, updated electrical, updated bathroom, and interior complete repaint.
Local Financial Insights For 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 | $55.8k | $18.60 |
| − Vacancy | −$3.0k | −$1.00 |
| EGI | $52.8k | $17.60 |
| − OpEx | −$15.8k | −$5.28 |
| NOI | $37.0k | $12.32 |
3,000 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$527.9K
$461.9K – $615.9K
NOI $36,951 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$661.8K
$579.1K – $772.1K
NOI $46,327 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Contemporary Electric
Electrical Service
Cross & Anchor Church
Church
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Immaculately maintained retail space with an electric gated parking lot with an alarm system and recently renovated interiors.
Where is this retail space located?
The property is located at 6543 Hastings Street Detroit, MI.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Over 3,000 SF of commercial space in Detroit’s Milwaukee Junction neighborhood (year built 1949).; Electric gated parking lot with an alarm system for secure on‑site parking.; New HVAC system, new roof, updated electrical, updated bathroom, and interior complete repaint.
