Saline Retail/Office Space
For Sale
Contact for pricing
901 W Michigan Ave, Saline, MI
High-visibility location suitable for office, business services, and retail.
Property Size3,000 SF
Lot Size2.96 Acres
Price / SF$521.67
Days on Market259
Property Features for 901 W Michigan Ave
General Information
Standard status
Active
Size
3,000 SF
Lot size
2.96 Acres
Property subtype
RETAIL
Properties For Sale
at 901 W Michigan Ave Contact us- Floor
- 1
- Size
- 3,000 SF
- Type
- RETAIL
- Lease Type
- GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
901 W Michigan Ave
Offers a High-Visibility location with 45 free surface parking spaces
Accommodates...
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Listing Agency:
Thomas A. Duke Company
(248) 907-0439
Listed By:
Michael Perales
(248) 907-0439
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: May 20 at 9:10PM
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 Thomas A. Duke Company
Investment Insights
Based on property information with market context.
This property offers a high-visibility location with 45 free surface parking spaces. It can accommodate office, business services, and retail uses. The property is ideally situated to serve the city and surrounding communities. The property size is 3000 square feet.
Key Highlights
- High‑Visibility Location
- 45 Free Surface Parking Spaces
- Accommodates Office, Business Services, and Retail Uses
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
$46,278
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
2.96%
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%
$925,560
$925.6K
Cap Rate 7%
$661,114
$661.1K
Cap Rate 9%
$514,200
$514.2K
Market Conditions
NOI Build-Up for 3,000 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
$72.0K $24.00/SF
− Vacancy
−$10.3K −$3.43/SF
EGI
$61.7K $20.57/SF
− OpEx
−$15.4K −$5.14/SF
NOI
$46.3K $15.43/SF
Area
Washtenaw County, MI
Vacancy
14.30%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$925,560
Cap Rate 7%
$661,114
Cap Rate 9%
$514,200
Alternative Uses
Best Use
Office B
$661.1K
$578.5K – $771.3K
NOI $46,278 @ 7.0% cap · market cap 2.96%
Second Best
Retail
$582.8K
$509.9K – $679.9K
NOI $40,793 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$881.5K
$771.3K – $1.03M
NOI $61,704 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - High-visibility location suitable for office, business services, and retail.
Where is this retail space located?
The property is located at 901 W Michigan Ave Saline, MI.
What is the asking price?
The asking price for this property is $1,565,000.
What are key features of this property?
This property features: High‑Visibility Location; 45 Free Surface Parking Spaces; Accommodates Office, Business Services, and Retail Uses
