Turn-Key Corner Retail
For Sale
$165,000
8009 N Mckinley Road, Flushing, MI 48433
Corner commercial building offers a fully finished main level plus additional finished basement space.
Property Size1,120 SF
Price / SF$147.32
Days on Market160
Property Features for 8009 N Mckinley Road
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Industrial
Additional Details
Business Included
Yes
Road Access
Yes
Amenities
Central Air
3
Tile, Carpet
Shingle
218181
Building Details
Year Built
1985
Listing Agency:
REMAX Town & Country
(810) 287-1535
Listed By:
Quinton Bartlett · License #FAAR-135334
(810) 287-1535
Source:
Xome
Added: Mar 5
Changed: Aug 12
Last Checked: Aug 12 at 3:14AM
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 REMAX Town & Country
Investment Insights
Based on property information with market context.
This turn-key corner commercial building was built in 1985 and features passive-solar construction with newer vinyl windows. The property is set up as a salon with well-appointed interior equipment that could be included with a strong offer. The main floor provides full usable space, and an additional full finished basement level is available for added flexibility. Wood basement construction and flooring are described as keeping the lower level dry and comfortable year-round.
The lot has frontage on Mount Morris Rd and McKinley Rd in Flushing Township, and the property is positioned for high-traffic visibility. A large parking area supports customer access, and an ADA ramp provides convenient entry.
A roof replacement is noted as new in 2026. The building’s overall condition is described as clean and well maintained, supporting immediate occupancy for the right user.
The lot has frontage on Mount Morris Rd and McKinley Rd in Flushing Township, and the property is positioned for high-traffic visibility. A large parking area supports customer access, and an ADA ramp provides convenient entry.
A roof replacement is noted as new in 2026. The building’s overall condition is described as clean and well maintained, supporting immediate occupancy for the right user.
Key Highlights
- Corner commercial lot with frontage on Mount Morris Rd and McKinley Rd in Flushing Twp
- Built in 1985 passive‑solar construction with green technology
- Full finished main level with 1,120 sq ft plus an additional 1,120 sq ft in a fully finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,627
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$232,540
$232.5K
Cap Rate 7%
$166,100
$166.1K
Cap Rate 9%
$129,189
$129.2K
Market Conditions
NOI Build-Up for 1,120 SF
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.
Gross rent
$17.3K $15.48/SF
− Vacancy
−$728 −$0.65/SF
EGI
$16.6K $14.83/SF
− OpEx
−$5.0K −$4.45/SF
NOI
$11.6K $10.38/SF
Area
Genesee County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$232,540
Cap Rate 7%
$166,100
Cap Rate 9%
$129,189
Alternative Uses
Best Use
Retail
$166.1K
$145.3K – $193.8K
NOI $11,627 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$235.7K
$206.2K – $275.0K
NOI $16,497 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48433, MI
26,688
Population
10,597
Households
2.5
Avg Household Size
44
Median Age
29%
College-Educated
95%
High-School Grad
55.5 sq mi
ZIP Area
481
Density / Sq Mi
$81,301
Median Household Income
$45,126
Median Earnings
$982
Median Rent
$197,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Corner commercial building offers a fully finished main level plus additional finished basement space.
Where is this storefront property located?
The property is located at 8009 N Mckinley Road Flushing, MI.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Corner commercial lot with frontage on Mount Morris Rd and McKinley Rd in Flushing Twp; Built in 1985 passive‑solar construction with green technology; Full finished main level with 1,120 sq ft plus an additional 1,120 sq ft in a fully finished basement
