8012 Lewis Ave, Temperance, MI 48182
Retail space with 50+ year operating history.
- Added:
- Feb 26, 2026
- Days on Market:
- 121
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 8012 Lewis Ave
General Information
- Standard status
- Active
- Size
- 7,492 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1959
Listing office CrownPoint Partners
Listing date Feb 26, 2026
Source Crexi
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 CrownPoint Partners
HighLights
- Below market rent provides immediate upside.
- 50+ year operating history, a testament to its enduring appeal.
- Investment grade property.
- Year built: 1959.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.4k | $15.00 |
| − Vacancy | −$9.6k | −$1.28 |
| EGI | $102.8k | $13.73 |
| − OpEx | −$30.8k | −$4.12 |
| NOI | $72.0k | $9.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Temperance
- County
- Monroe
- State
- Michigan
- Longitude
- -83.564645
- Latitude
- 41.762073
