Updated Two-Story Retail
983 W Ann Arbor Trail 17, Plymouth, MI 48170
For Sale
Contact for pricing
Brick façade and dual entrances support customer access and deliveries.
Property Size1,400 SF
Price / SF$0.02
Days on Market60
Property Features for 983 W Ann Arbor Trail 17
General Information
Standard status
Size
Amenities
private bathroom
front and rear entrances
Building Details
Stories
Construction
Listing Agency:
Hub, LLC
(734) 667-1481
Listed By:
Shelby Fulkerson · License #6502368405
(734) 274-0844
Source:
Corneliusteam
Added: Sep 9
Changed: Oct 25
Last Checked: Nov 6 at 8:58AM
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 Hub, LLC
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Investment Insights
Based on property information with market context.
Located at 983 W Ann Arbor Trail in downtown Plymouth, this updated 1,400 SF retail space occupies two stories within Forest Place. The interior combines a bright, open arrangement with hardwood flooring, fresh paint, and a private bathroom, while the original brick façade adds distinctive character.
Front and rear entrances provide separate points of access for shoppers and deliveries. The property is positioned among established retail shops and restaurants, with nearby public parking and a setting described as having strong visibility and foot traffic. The upper level may be sublet with landlord approval.
Front and rear entrances provide separate points of access for shoppers and deliveries. The property is positioned among established retail shops and restaurants, with nearby public parking and a setting described as having strong visibility and foot traffic. The upper level may be sublet with landlord approval.
Key Highlights
- 1,400 SF retail space arranged across two stories
- Original brick façade with updated interior finishes
- Bright, open floor plan with hardwood floors and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,265
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,300
$265.3K
Cap Rate 7%
$189,500
$189.5K
Cap Rate 9%
$147,389
$147.4K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$20.2K $14.40/SF
− Vacancy
−$1.2K −$0.86/SF
EGI
$19.0K $13.54/SF
− OpEx
−$5.7K −$4.06/SF
NOI
$13.3K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,300
Cap Rate 7%
$189,500
Cap Rate 9%
$147,389
Alternative Uses
Best Use
Retail
$189.5K
$165.8K – $221.1K
NOI $13,265 @ 7.0% cap · market cap 63,166.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$259.2K
$226.8K – $302.4K
NOI $18,144 @ 7.0% cap · market cap 86,400.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,830
Businesses Nearby
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Business Placement
Demographics for 48170, MI
41,069
Population
18,184
Households
2.3
Avg Household Size
45
Median Age
59%
College-Educated
97%
High-School Grad
34.5 sq mi
ZIP Area
1,190
Density / Sq Mi
$109,442
Median Household Income
$68,920
Median Earnings
$1,114
Median Rent
$400,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Wayne County, MI
Properties on Market for Retail space in Wayne County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Brick façade and dual entrances support customer access and deliveries.
Where is this retail space located?
The property is located at 983 W Ann Arbor Trail 17 Plymouth, MI.
What are key features of this property?
This property features: 1,400 SF retail space arranged across two stories; Original brick façade with updated interior finishes; Bright, open floor plan with hardwood floors and fresh paint
