Retail Space with Gated
For Sale
Contact for pricing
6543 Hastings Street, Detroit, MI 48211
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 Market102
Property Features for 6543 Hastings Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail, Mixed Use
Zoning
M3
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
Changed: Jul 22
Last Checked: Jul 28 at 1:45PM
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.
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 37%
White Castle
Dining
14,009 visits/mo
0.5 miles
Sunoco
Shops & Services
5,159 visits/mo
0.1 miles
Mobil
Shops & Services
4,487 visits/mo
0.4 miles
Krispy Krunchy Chicken
Dining
2,508 visits/mo
0.4 miles
Demographics for 48211, MI
5,447
Population
2,518
Households
2.2
Avg Household Size
32
Median Age
16%
College-Educated
74%
High-School Grad
4.2 sq mi
ZIP Area
1,297
Density / Sq Mi
$33,347
Median Household Income
$23,172
Median Earnings
$985
Median Rent
$66,900
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
