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Property profile & analytics
FOR SALE
Retail space

1025 Middlebelt Rd Inkster, MI 48141

2,400 SF 0.46 ac lot Built 1978
Entity Owned 22-yr Hold Absentee Owner Free & Clear
Property ID
US43-0921355
Property summary
AI-generated overview

This exceptional 2,500 square foot retail storefront, located at 1025 Middlebelt Rd in Inkster, Michigan (48141), presents a compelling investment opportunity. Currently occupied by a single tenant, Papa's Pizza, this property boasts a strong track record, having operated successfully at this location for nearly 15 years. The lease commenced January 2nd, 2024, and extends until February 27th, 2027, providing investors with immediate cash flow and long-term stability. The asking price is $459,000, representing a compelling $183.60 per square foot and a 6.36% capitalization rate based on a Net Operating Income (NOI) of $29,218. The property's high-visibility corner location, enhanced by a traffic light at the intersection, ensures maximum exposure and potential for success. With 16 parking spaces available, customer convenience is maximized. The single-tenant structure minimizes maintenance responsibilities, as the tenant is responsible for operating and maintaining the site, offering a hands-off approach for the investor. This is a rare opportunity to acquire a well-established, low-maintenance retail property with significant upside potential in a desirable location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1978
Total area 2,400 SF
Lot 0.46 ac (20,038 SF)
APN 44 005 01 0001 001
UPID US43-0921355
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
Current use
Occupant on record · Public records
  • Papa's Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Spirit,co Great Lakes · 22 yrs held
Spirit,co Great Lakes
since 2004
2 recorded transactions
2012
Price N/A
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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