Two-Story Office Building
6748 ALLEN Rd Allen Park, MI 48101
New
6748 ALLEN Rd, Allen Park, MI, 48101
$369,900
For Sale
$369,900
Two-story office building with large first-floor offices, a flex room, and multiple lavatories.
Property Size3,600 SF
Price / SF$102.75
Days on Market6
Property Features for 6748 ALLEN Rd
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1954
Listing agency
Real Estate Unlimited, Inc
(313) 383-4400
Listed by
Jeffrey A Daniel · License #6501158034
(313) 383-4400
Source
Elliman
Added: Jul 16 Updated: Jul 21 at 4:50AM Checked: Jul 21 at 4:50AM
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 Real Estate Unlimited, Inc
Investment Insights
Based on property information with market context.
Professionally suited for office use, this two-story building offers several large offices on the first floor along with a lobby with seating. The property also includes a new ADA-compliant lavatory, a large open flex room on the second floor with approximately 1,200 square feet, a small kitchenette, an additional lavatory, and storage rooms. A couple of possible second-floor offices are currently occupied by the owners.
The building is described as highly visible within the downtown Allen Park business district, with an entrance off Allen Road as well as a rear entrance. It also features lots of parking and municipal free parking for clients, according to the remarks.
The layout supports a mix of private office space and flexible second-floor work areas, with multiple lavatory facilities on both levels.
The building is described as highly visible within the downtown Allen Park business district, with an entrance off Allen Road as well as a rear entrance. It also features lots of parking and municipal free parking for clients, according to the remarks.
The layout supports a mix of private office space and flexible second-floor work areas, with multiple lavatory facilities on both levels.
Key Highlights
- 2‑story office building (Year Built 1954) with nearly 3,600 SF of office space
- First floor includes several large offices plus a lobby with seating and a new ADA lavatory
- Second floor features a wide‑open flex room of approx. 1,200 SF with a kitchenette, an additional lavatory, and storage rooms
Local Financial Insights For Office B
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 | $21.6k | $6.00 |
| − Vacancy | −$5.1k | −$1.41 |
| EGI | $16.5k | $4.59 |
| − OpEx | −$4.1k | −$1.15 |
| NOI | $12.4k | $3.44 |
3,600 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$177.0K
$154.9K – $206.6K
NOI $12,393 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$666.5K
$583.2K – $777.6K
NOI $46,656 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ACW
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story office building with large first-floor offices, a flex room, and multiple lavatories.
Where is this office building located?
The property is located at 6748 ALLEN Rd Allen Park, MI.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 2‑story office building (Year Built 1954) with nearly 3,600 SF of office space; First floor includes several large offices plus a lobby with seating and a new ADA lavatory; Second floor features a wide‑open flex room of approx. 1,200 SF with a kitchenette, an additional lavatory, and storage rooms
