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    OFF-MARKET
    Retail properties & Spaces

    9607 6 Mile Rd, Salem, MI 48175

    4,500 SF 0.16 ac lot Built 1876
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1876
    Total area 4,500 SF
    Lot 0.16 ac (6,970 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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