Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7551 Wyoming Ave Dearborn, MI 48126

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $375,000

    Liquor store with consistent sales and low occupancy costs.

    Type:Retail
    Added:
    Mar 5, 2026
    Days on Market:
    27
    Last Refresh:
    Mar 25 at 10:25 pm

    Property Features for 7551 Wyoming Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    Ray Shammamie
    Ray Shammamie

    Listing agent Ray Shammamie License ##6506047766

    Listing office Legacy Real Estate Advisors

    Listing date Mar 5, 2026

    Source Legacycrea

    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 Legacy Real Estate Advisors

    Overview

    Established Liquor Store Opportunity

    This is a well-established liquor store opportunity that has been operating for over 50 years with consistent annual sales. The business, United Party Shoppe II, ordered over $500,000 in liquor last year from MLCC. The occupancy cost is $1,500 per month with over 14 years of tenant control remaining. The store has been a million-dollar lottery retailer for over 20 consecutive years, demonstrating customer loyalty. The store is well-stocked with inventory, with ownership maintaining healthy inventory levels around $300,000 to meet customer demand.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • أسواق النور — 8716 michigan ave, detroit, mi 48210
    • Green Cedar Dairy Products Inc — 10221 Michigan Ave, Dearborn, MI 48126
    • Al-Naklah Market — 8803 Michigan Ave, Detroit, MI 48210
    • Alnour Supermarket — 8716 Michigan Ave, Detroit, MI 48210

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1861
    Latitude
    42.3298

    Nearby Similar for Sale

    • $250,000
      15,000 SF

      Turn-Key Dessert Cafe Opportunity

      Thriving dessert cafe in Downtown West Dearborn for sale.
      1025 Mason, Dearborn, MI 48124
      View Details
    • $275,000
      4,595 SF

      Dearborn Collision Shop with Equipment

      Turn-key collision shop with paint booth in prime location.
      5410 Oakman Boulevard, Dearborn, MI 48126
      View Details
    • $35,000
      1,200 SF

      Turn-Key Salon in High-Traffic Plaza

      Fully renovated salon in prime location with low overhead.
      9704 Dix Avenue, Dearborn, MI 48120
      View Details
    • $1,800,000
      4,800 SF

      Established Auto Repair Business Opportunity

      Thriving auto repair business and real estate for sale in Dearborn.
      14433 W Warren Avenue, Dearborn, MI 48126
      View Details
    • $289,999

      Dearborn Multi-Family Investment Opportunity

      Multi-family home in prime Dearborn location near schools and amenities.
      4649 Jonathon Street, Dearborn, MI 48126
      View Details
    • $299,000
      2,240 SF

      West Dearborn Brick Duplex

      Two-unit residential income property in West Dearborn neighborhood.
      2412 Cornell Street, Dearborn, MI 48124
      View Details
    • $429,000
      1,725 SF

      Dearborn Renovated Commercial Property For Sale

      Prime, renovated commercial property in Dearborn with high visibility.
      10306 DIX, Dearborn City, MI 48120
      View Details
    • $328,000
      1,740 SF

      Updated Commercial Building on Michigan Avenue

      Move-in ready commercial building with high visibility and ample parking.
      14217 MICHIGAN Avenue, Dearborn City, MI 48126
      View Details
    • $599,800
      7,120 SF

      Mixed-Use Building on Prime Retail Lot

      Unique mixed-use building with parking on a high-traffic corner.
      8805 TIREMAN Avenue, Dearborn, MI 48126
      View Details
    • $4,000
      2,834 SF

      Medical/Pharmacy Office on Corner Lot

      Prime medical and pharmacy office space in Dearborn, Michigan.
      10801 W WARREN Avenue, Dearborn, MI 48126
      View Details
    • $200,000
      5,000 SF

      Turnkey Restaurant on Michigan Avenue

      Fully equipped restaurant business for sale on Michigan Avenue.
      13736 Michigan Ave, Dearborn, MI 48126
      View Details
    • $250,000
      1,250 SF

      Downtown Dearborn Dessert Cafe Opportunity

      Turn-key dessert cafe in high-traffic Dearborn location.
      1025 Mason St, Dearborn, MI 48124
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Liquor store with consistent sales and low occupancy costs.
    Where is this grocery and convenience store located?
    The property is located at 7551 Wyoming Ave Dearborn, MI.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Explosive Lottery Sales: Million Dollar Retailer for Over 20 Consecutive Years; Well‑Established Liquor Store: Operating for Over 50 Years With Consistent Annual Sales; Extremely Low Occupancy Cost: $1,500/Month Rent with Over 14 Years of Tenant Control Remaining
    (248) 450-3258
    We can help!
    Listing Contact
    Ray Shammamie
    Ray Shammamie
    Real Estate License ID: #6506047766
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!