9607 6 Mile Rd, Salem, MI 48175
This exceptional investment opportunity presents a charming 4,500 square foot retail building situated on a 0.16-acre lot at 9607 Six Mile Road in Northville, Michigan, zip code 48175. Built in 1876, the property is zoned HDC (Hamlet Center District) and boasts a rich history within the vibrant downtown Salem area. The main floor offers 1,800 square feet of prime retail space, currently available for lease to a tenant or owner-occupancy. Adding significant value, the building also includes four multi-family units generating a combined monthly rental income of $3,760. This presents a unique blend of income-producing rental units and a high-potential retail space. The location benefits from significant commercial and residential growth, with a planned technology park just three miles away and a surge in new residential development within a three-mile radius. This prime location on Six Mile Road, between Chubb and Currie Roads, ensures high visibility and accessibility. The asking price for this combined retail and multi-family property is $625,000, offering a compelling return on investment in a rapidly developing area. This is an ideal opportunity for investors seeking a strong cash flow and significant upside potential in a thriving Michigan community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.