Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8771 Hall Rd Utica, MI 48317

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Operating jewelry business for sale with safes and displays.

    Type:Retail, Business for Sale
    Property size:
    1,600 SF
    Added:
    Feb 9, 2022
    Days on Market:
    1525
    Last Refresh:
    Mar 17 at 1:23 pm

    Property Features for 8771 Hall Rd

    General Information

    Standard status
    Active
    Size
    1,600 SF
    Property subtype
    Retail, Business for Sale

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    John Kurczak

    Listing agent John Kurczak License #MI 6501258219

    Listing office KW Commercial Warren/Sterling Heights

    Listing date Feb 9, 2022

    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 KW Commercial Warren/Sterling Heights

    Overview

    Established Jewelry Business Opportunity

    An established jewelry business is available for purchase. The sale includes store displays and two oversized safes. The business has been operating for over 10 years at this location. The property size is 1600 square feet. Please note that the store name is excluded from the sale. The business is located in Utica, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Macomb
    State
    Michigan
    Longitude
    -83.027121
    Latitude
    42.625938

    Nearby Similar for Sale

    • $850,000
      12,500 SF

      Utica Church Ready for Service

      Move-in ready church with ample space and recent updates.
      45504 CASS Avenue, Utica, MI 48317
      View Details
    • $650
      12,000 SF

      Move-In Ready Executive Office Suites

      Executive office suites for sale, ranging from 222 to 863 SF.
      Utica, MI 48317
      View Details
    • $450,000
      1,730 SF

      Colonial Duplex Investment Opportunity

      Duplex featuring two 3-bedroom townhomes, ideal for investment.
      8365 22 Mile Rd, ShelbyCharterTownship_Macomb, MI 48317
      View Details
    • $10
      39,000 SF

      Four-Story Office Building on Hall

      Four-story office building with convenient parking and attractive rental rates.
      11111 Hall Rd, Utica, MI 48317
      View Details
    • $1,399,000
      6,720 SF

      Utica Office Building For Sale

      6,720 SF office building in prime Utica location.
      45011 Utica Park Blvd, Utica, MI
      View Details
    • Contact for pricing
      2,450 SF

      Modern Office Space in Utica

      First-generation office space near downtown Utica with premier amenities.
      7525 Auburn Rd, Utica, MI 48317
      View Details
    • $850,000
      12,500 SF

      Updated Church in Prime Location

      Move-in ready church with recent updates and ample parking.
      45504 Cass Ave, Utica, MI 48317
      View Details
    • $2,500,000
      30,000 SF

      30,000 SF Retail Opportunity

      Single tenant retail space available for sale.
      45290 Utica Park Blvd, Utica, MI 48315
      View Details
    • $70,000
      2,460 SF

      Downtown Utica Restaurant Opportunity

      Pizza/Sub restaurant in a high-traffic retail corridor.
      8413 Hall Rd, Utica, MI 48317
      View Details
    • $69,900
      1,600 SF

      Established Jewelry Business Opportunity

      Profitable jewelry business for sale in Utica, Michigan.
      8771 HALL Road, Utica, MI 48317
      View Details
    • $69,900
      1,600 SF

      Established Jewelry Business Opportunity

      Operating jewelry business with fixtures and safes for sale.
      8771 HALL, Utica, MI 48317
      View Details
    • Contact for pricing
      14,440 SF

      Medical Condo with Exterior Signage

      3,200 SF medical condo ideal for various medical practices.
      51863 Schoenherr Road, Shelby Charter Township, MI 48315
      View Details

    FAQs

    What type of property is this?
    Retail space - Operating jewelry business for sale with safes and displays.
    Where is this retail space located?
    The property is located at 8771 Hall Rd Utica, MI.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: Established jewelry business location with a track record of 10+ years.; Includes **2 oversized safes** for secure storage.; All store displays are included in the sale.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Kurczak
    Real Estate License ID: MI 6501258219
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!