Versatile Commercial
8840 Macomb St Grosse Ile, MI 48138
8840 Macomb St, Grosse Ile, MI, 48138
$365,000
For Sale
$365,000
Commercial building totaling 4,000 square feet, offered for sale with both included parcels.
Property Size4,000 SF
Price / SF$91.25
Days on Market85
Property Features for 8840 Macomb St
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1955
Listing agency
(734) 775-2983
Listed by
Susie Armiak · License #6501429076
(734) 775-2983
Source
Elliman
Added: Apr 28 Updated: Jul 21 at 2:28AM Checked: Jul 21 at 8:46AM
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 Susie Armiak
Investment Insights
Based on property information with market context.
This for-sale commercial building offers a versatile interior layout totaling 4,000 square feet. The space is presented as adaptable for uses such as retail, office, boutique services, or a mixed-use concept, giving occupiers and buyers flexibility in how the building is configured.
The property is located at 8840 Macomb St in Grosse Ile Township, and the sale includes both parcels identified as 73029010032000 and 73029020031315. Walk and bike access are described as car-dependent, with a walk score of 23 and a bike score of 32.
With one building and two included parcels in the same known address, this offering may be suitable for those seeking a single commercial building for their business or investment plans.
The property is located at 8840 Macomb St in Grosse Ile Township, and the sale includes both parcels identified as 73029010032000 and 73029020031315. Walk and bike access are described as car-dependent, with a walk score of 23 and a bike score of 32.
With one building and two included parcels in the same known address, this offering may be suitable for those seeking a single commercial building for their business or investment plans.
Key Highlights
- 4,000 sq ft commercial building built in 1955
- Offered for sale with both included parcels: 73029010032000 and 73029020031315 (commonly known as 8840 Macomb St.)
- Versatile interior space suitable for retail, office, boutique services, or mixed‑use concepts
Local Financial Insights For Office B
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 | $24.0k | $6.00 |
| − Vacancy | −$5.6k | −$1.41 |
| EGI | $18.4k | $4.59 |
| − OpEx | −$4.6k | −$1.15 |
| NOI | $13.8k | $3.44 |
4,000 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$541.4K
$473.8K – $631.7K
NOI $37,901 @ 7.0% cap · market cap 10.38%
Second Best
Office B
$196.7K
$172.1K – $229.5K
NOI $13,770 @ 7.0% cap · market cap 3.77%
Theoretical Best
Specialty Retail
$740.6K
$648.0K – $864.0K
NOI $51,840 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Commercial building totaling 4,000 square feet, offered for sale with both included parcels.
Where is this retail space located?
The property is located at 8840 Macomb St Grosse Ile, MI.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 4,000 sq ft commercial building built in 1955; Offered for sale with both included parcels: 73029010032000 and 73029020031315 (commonly known as 8840 Macomb St.); Versatile interior space suitable for retail, office, boutique services, or mixed‑use concepts
