Retail Storefront with Dual Use
8121 Miller Road Unit SourceFi Swartz Creek, MI 48473
8121 Miller Road Unit SourceFi, Swartz Creek, MI, 48473
$169,900
For Sale
$169,900
Former salon and heating and cooling company space offers a downtown retail storefront setting.
Property Size1,152 SF
Price / SF$147.48
Days on Market72
Property Features for 8121 Miller Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 1,152 SF
- Property subtype
- Business Opportunities
Listing agency
(810) 691-4158
Listed by
Banacki Properties
(810) 691-4158
Source
Xome
Added: May 11 Updated: Jul 20 at 8:12PM Checked: Jul 21 at 3:11AM
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 Banacki Properties
Investment Insights
Based on property information with market context.
This retail storefront was formally used as a salon and a heating and cooling company, providing an adaptable interior for a new retail use. The property is sized at 1,152 square feet.
Located at 8121 Miller Road in the heart of Downtown Swartz Creek, the space benefits from a downtown placement along Miller Road.
The building presents as a dedicated storefront opportunity with an existing commercial history, making it suitable for tenants seeking a straightforward retail layout to refresh for their operations.
Located at 8121 Miller Road in the heart of Downtown Swartz Creek, the space benefits from a downtown placement along Miller Road.
The building presents as a dedicated storefront opportunity with an existing commercial history, making it suitable for tenants seeking a straightforward retail layout to refresh for their operations.
Key Highlights
- Central air cooling and heating system with central HVAC (heating listed as '3')
- Concrete flooring
- Former salon and heating and cooling company space
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 | $17.8k | $15.48 |
| − Vacancy | −$749 | −$0.65 |
| EGI | $17.1k | $14.83 |
| − OpEx | −$5.1k | −$4.45 |
| NOI | $12.0k | $10.38 |
1,152 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$170.8K
$149.5K – $199.3K
NOI $11,959 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$242.4K
$212.1K – $282.8K
NOI $16,969 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Budz and Bloomz Florist — 7530 Miller Rd, Swartz Creek, MI 48473
FAQs
What type of property is this?
Storefront property - Former salon and heating and cooling company space offers a downtown retail storefront setting.
Where is this storefront property located?
The property is located at 8121 Miller Road Unit SourceFi Swartz Creek, MI.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Central air cooling and heating system with central HVAC (heating listed as '3'); Concrete flooring; Former salon and heating and cooling company space
