Two-Story Office Building with
6748 Allen Rd, Allen Park, MI 48101
For Sale
$369,900
Two-story office building with a new ADA lavatory and a wide-open second-floor flex room.
Property Size3,600 SF
Price / SF$103.90
Days on Market110
Property Features for 6748 Allen Rd
General Information
Standard status
Size
Additional Details
Road Access
Amenities
lobby with seating
kitchenette
storage rooms
Building Details
Year Built
Buildings
Stories
Building Size
Owner Occupied
Listing Agency:
Real Estate Unlimited, Inc
Listed By:
Jeffrey A Daniel · License MI #6501158034
(313) 383-4400
Source:
Katie-k
Added: Jul 28
Changed: Oct 25
Last Checked: Oct 7 at 1:12PM
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
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Investment Insights
Based on property information with market context.
This two-story office building is designed for flexible tenant use, with several large offices on the first floor plus a lobby with seating and a new ADA lavatory. The second floor features a large, wide-open flex room, along with additional lavatory space, storage rooms, and a couple of possible offices currently occupied by the owners.
Located right in the heart of the downtown Allen Park business district, the property offers high visibility and is described as having nearly 3,600 square feet overall. Client access is supported with an entrance off Allen Road and an additional entrance at the rear of the building, with lots of parking described as municipal free parking plus on-site parking. The surrounding area is active with shopping, dining, medical and dental offices, and other daily-destination businesses.
The property is available for sale and is also described as for lease, with professional management mentioned in the remarks.
Located right in the heart of the downtown Allen Park business district, the property offers high visibility and is described as having nearly 3,600 square feet overall. Client access is supported with an entrance off Allen Road and an additional entrance at the rear of the building, with lots of parking described as municipal free parking plus on-site parking. The surrounding area is active with shopping, dining, medical and dental offices, and other daily-destination businesses.
The property is available for sale and is also described as for lease, with professional management mentioned in the remarks.
Key Highlights
- First‑floor offices plus lobby with seating and a new ADA lavatory
- Second‑floor wide‑open flex room plus additional lavatory space
- Second‑floor flex room is approx. 1200 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,255
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,100
$245.1K
Cap Rate 7%
$175,071
$175.1K
Cap Rate 9%
$136,167
$136.2K
Market Conditions
NOI Build-Up for 3,560 SF
Gross rent
$21.4K $6.00/SF
− Vacancy
−$5.0K −$1.41/SF
EGI
$16.3K $4.59/SF
− OpEx
−$4.1K −$1.15/SF
NOI
$12.3K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,100
Cap Rate 7%
$175,071
Cap Rate 9%
$136,167
Alternative Uses
Best Use
Office B
$175.1K
$153.2K – $204.3K
NOI $12,255 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$659.1K
$576.7K – $769.0K
NOI $46,138 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
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
$174,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Wayne County, MI
Properties on Market for Office buildings in Wayne County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with a new ADA lavatory and a wide-open second-floor flex room.
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: First‑floor offices plus lobby with seating and a new ADA lavatory; Second‑floor wide‑open flex room plus additional lavatory space; Second‑floor flex room is approx. 1200 SF
