Freestanding Storefront with Loading
For Sale
$1,600,000
7870 Southfield Fwy, Detroit, MI 48228
Open retail layout includes showroom space, service areas, two restrooms, and overhead loading access.
Property Size9,212 SF
Lot Size0.46 Acres
Price / SF$173.69
Days on Market55
Property Features for 7870 Southfield Fwy
General Information
Standard status
Active
Size
9,212 SF
Lot size
0.46 Acres
Zoning
B-4
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$16,424
Amenities
on-site/lighted parking
alley access
fenced site
overhead service/loading door
central air
natural-gas forced-air heat
220V service
3-phase power
security system
closed-circuit cameras
Building Details
Construction
brick
Listing Agency:
EXP Realty Main
(888) 501-7085
Listed By:
Fadi Dabaja · License #6506045188
(313) 600-6189
Source:
Exprealty
Added: Aug 26
Changed: Oct 15
Last Checked: Oct 19 at 9:32AM
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 EXP Realty Main
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Investment Insights
Based on property information with market context.
This freestanding retail property contains approximately 9,212 square feet on 0.46 acres, with 110 feet of frontage. The interior offers a largely open sales floor, storefront glazing, service and utility areas, two restrooms, and an overhead service/loading door. The site includes lighted on-site parking, alley access, fencing, and a security system with closed-circuit cameras. Building systems include central air, natural-gas forced-air heat, 220V service, 3-phase power, brick construction, and a rubber roof.
Positioned at Southfield Freeway and Tireman in Detroit’s B-4 General Business District, the property has exposure to freeway, service-drive, and cross-street traffic. Joy Road, Warren Avenue, Ford Road, I-94, and M-39 provide access to surrounding areas. Potential uses identified for the site include general retail, showroom, medical or dental services, fitness, professional office, salon, pet services, trade school, and select low-impact manufacturing, subject to City approval and applicable requirements.
Positioned at Southfield Freeway and Tireman in Detroit’s B-4 General Business District, the property has exposure to freeway, service-drive, and cross-street traffic. Joy Road, Warren Avenue, Ford Road, I-94, and M-39 provide access to surrounding areas. Potential uses identified for the site include general retail, showroom, medical or dental services, fitness, professional office, salon, pet services, trade school, and select low-impact manufacturing, subject to City approval and applicable requirements.
Key Highlights
- Approximately 9,212 SF freestanding retail building on 0.46 acres
- 110 feet of frontage at Southfield Freeway and Tireman
- B‑4 General Business District zoning in Detroit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,463
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,269,260
$2.3M
Cap Rate 7%
$1,620,900
$1.6M
Cap Rate 9%
$1,260,700
$1.3M
Market Conditions
NOI Build-Up for 9,212 SF
Gross rent
$171.3K $18.60/SF
− Vacancy
−$9.3K −$1.00/SF
EGI
$162.1K $17.60/SF
− OpEx
−$48.6K −$5.28/SF
NOI
$113.5K $12.32/SF
Area
ZIP 48228
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,269,260
Cap Rate 7%
$1,620,900
Cap Rate 9%
$1,260,700
Alternative Uses
Best Use
Retail
$1.62M
$1.42M – $1.89M
NOI $113,463 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,448 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Dining 6%
Chase Bank
Shops & Services
10,825 visits/mo
0.4 miles
Gambino's
Dining
720 visits/mo
0.4 miles
Demographics for 48228, MI
53,893
Population
22,620
Households
2.4
Avg Household Size
31
Median Age
11%
College-Educated
78%
High-School Grad
8.9 sq mi
ZIP Area
6,055
Density / Sq Mi
$31,485
Median Household Income
$27,533
Median Earnings
$1,086
Median Rent
$55,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Storefront property - Open retail layout includes showroom space, service areas, two restrooms, and overhead loading access.
Where is this storefront property located?
The property is located at 7870 Southfield Fwy Detroit, MI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Approximately 9,212 SF freestanding retail building on 0.46 acres; 110 feet of frontage at Southfield Freeway and Tireman; B‑4 General Business District zoning in Detroit
