Freestanding Retail
For Sale
$1,600,000
7870 Southfield Rd, Detroit, MI 48228
A largely open sales floor is supported by service space, an overhead loading door, and three-phase power.
Property Size9,212 SF
Lot Size0.46 Acres
Price / SF$173.69
Days on Market51
Property Features for 7870 Southfield Rd
General Information
Standard status
Active
Size
9,212 SF
Lot size
0.46 Acres
Property subtype
Commercial
Zoning
B-4
Additional Details
Highway Access
Yes
Amenities
on-site/lighted parking
alley access
fenced site
central air
natural-gas forced-air heat
220V service
3-phase power
rubber roof
security system
closed-circuit cameras
overhead service/loading door
Building Details
Year Built
1945
Buildings
1
Construction
brick
Listing Agency:
EXP Realty Main
Listed By:
Fadi Dabaja · License #6506045188
(313) 600-6189
Source:
Vmrealestatemichigan
Added: Aug 18
Changed: Oct 7
Last Checked: Sep 15 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
Investment Insights
Based on property information with market context.
This freestanding retail property contains approximately 9,212 SF on a 0.46-acre site. Its mostly open interior includes storefront glazing, sales and showroom space, back-of-house and utility areas, two restrooms, and an overhead service door. Building systems and features include central air, natural-gas forced-air heat, 220V service, three-phase power, a security system, and closed-circuit cameras. The structure is brick with a rubber roof, and the site is fenced with on-site lighting and alley access.
The property has 110 feet of frontage and sits along the Southfield Freeway corridor near Tireman, with exposure to freeway, service-drive, and Tireman traffic. Joy Road, Warren Avenue, Ford Road, and I-94 are identified as access routes. The site is in Detroit’s B-4 General Business District; use is subject to City approval and applicable requirements.
The property has 110 feet of frontage and sits along the Southfield Freeway corridor near Tireman, with exposure to freeway, service-drive, and Tireman traffic. Joy Road, Warren Avenue, Ford Road, and I-94 are identified as access routes. The site is in Detroit’s B-4 General Business District; use is subject to City approval and applicable requirements.
Key Highlights
- Approximately 9,212 SF on 0.46 acres
- 110 feet of frontage along the Southfield Freeway corridor
- 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.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
BP
Shops & Services
11,589 visits/mo
0.5 miles
KFC
Dining
6,653 visits/mo
0.5 miles
Dollar General
Shops & Services
6,496 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - A largely open sales floor is supported by service space, an overhead loading door, and three-phase power.
Where is this retail space located?
The property is located at 7870 Southfield Rd 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 on 0.46 acres; 110 feet of frontage along the Southfield Freeway corridor; B‑4 General Business District zoning in Detroit
