Built-Out Salon
For Sale
Contact for pricing
6661 Allen Road, Allen Park, MI 48101
C5-zoned commercial space with private rooms, salon infrastructure, and dedicated kitchen and restroom areas.
Property Size2,700 SF
Price / SF$212.96
Days on Market116
Property Features for 6661 Allen Road
General Information
Standard status
Active
Size
2,700 SF
Class
C
Property subtype
Retail
Zoning
C 5
Additional Details
Corner Location
Yes
Amenities
Break Room with Kitchen
Two Restrooms
Private Salon Rooms
Elegant Salon Bar Concept
Advanced Make-up Air System
Building Details
Year Built
1946
Year Renovated
2010
Buildings
1
Listing Agency:
365 Commercial Realty
(248) 801-9499
Listed By:
Noor Kalasho · License #6505433879
Source:
Crexi
Added: May 7
Changed: Aug 30
Last Checked: Jul 19 at 1:54AM
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 365 Commercial Realty
Investment Insights
Based on property information with market context.
This 2,700 SF storefront property at 6661 Allen Rd is configured as a fully built-out salon with a modern interior. The layout includes private salon rooms, a salon bar concept, a break room with kitchen, and two restrooms. An advanced make-up air system supports continuous air circulation, while the existing configuration can be divided into separate areas.
The property occupies a corner lot in the downtown district of Allen Park, with street parking and nearby retail, restaurants, and hotels. Salon equipment is also available for purchase, providing the option to retain the existing operational setup. C5 zoning supports the property's commercial positioning.
The property occupies a corner lot in the downtown district of Allen Park, with street parking and nearby retail, restaurants, and hotels. Salon equipment is also available for purchase, providing the option to retain the existing operational setup. C5 zoning supports the property's commercial positioning.
Key Highlights
- 2,700 SF retail building at 6661 Allen Rd
- C5 zoning in Allen Park’s downtown district
- Built‑out salon with private rooms and salon bar concept
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,583
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$511,660
$511.7K
Cap Rate 7%
$365,471
$365.5K
Cap Rate 9%
$284,256
$284.3K
Market Conditions
NOI Build-Up for 2,700 SF
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.
Gross rent
$38.9K $14.40/SF
− Vacancy
−$2.3K −$0.86/SF
EGI
$36.5K $13.54/SF
− OpEx
−$11.0K −$4.06/SF
NOI
$25.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$511,660
Cap Rate 7%
$365,471
Cap Rate 9%
$284,256
Alternative Uses
Best Use
Retail
$365.5K
$319.8K – $426.4K
NOI $25,583 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$499.9K
$437.4K – $583.2K
NOI $34,992 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48101, MI
28,664
Population
12,413
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
94%
High-School Grad
7.0 sq mi
ZIP Area
4,095
Density / Sq Mi
$80,045
Median Household Income
$51,658
Median Earnings
$1,181
Median Rent
$174,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Say It With Flowers — 7635 Allen Rd, Allen Park, MI 48101
- Blossoms Florist — 6134 regina ave, allen park, mi 48101
- Kroger Floral Department — 2060 Dix Hwy, Lincoln Park, MI 48146
- Bambi's Flowers — 5903 Allen Rd, Allen Park, MI 48101
Frequently Asked Questions
What type of property is this?
Storefront property - C5-zoned commercial space with private rooms, salon infrastructure, and dedicated kitchen and restroom areas.
Where is this storefront property located?
The property is located at 6661 Allen Road Allen Park, MI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,700 SF retail building at 6661 Allen Rd; C5 zoning in Allen Park’s downtown district; Built‑out salon with private rooms and salon bar concept
