16941 9 Mile Rd - Freestanding FOR SALE


Eastpointe, MI 48021
$160,000 USD
586-337-5241
16941 9 Mile Rd, Eastpointe, MI for Sale
$160,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

16941 9 Mile Rd
Eastpointe, MI 48021


HIGHLIGHTS

  • Investment Opportunity- Total By Verizon has been a tenant in the building since 2023
  • Recent three (3) year extension, through April 1, 2029
  • Tenant pays $1,400.00/Month
  • Landlord is responsible for RE Taxes, RE Insurance, Roof/Structure/HVAC Repairs that exceed $500.00
  • Tenant is responsible for CAM, general/routine maintenance

OVERVIEW

This single-tenant retail property offers a secure investment opportunity on Eastpointe’s well-traveled 9 Mile Road, nestled between the major thoroughfares of Gratiot and Kelly. The building is fully leased to Total by Verizon, which has occupied the space since 2023, and benefits from a recently executed three-year extension running through April 2029. The tenant provides consistent monthly rental income under a modified gross lease structure, requiring minimal landlord responsibilities beyond real estate taxes, insurance, and major structural repairs over $500. Occupying a 0.097-acre corner parcel, the property boasts strong visibility, easy ingress/egress, and ample on-site parking. Zoning under MU2 Main Street Mixed Use enhances long-term flexibility for future redevelopment potential. With 9 Mile Road handling traffic volumes exceeding 22,000 vehicles per day and robust surrounding demographics, this asset is positioned for investors seeking a stable tenant and a manageable retail footprint in a growing corridor just minutes from Detroit’s core.

FOR SALE DETAILS

PRICE

$160,000 USD

PRICE/SF

$270 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

MU2

APN/PARCEL ID

02-14-30-479-034

ASK ABOUT THIS PROPERTY

Jimmy DiehlPilot Property Group, Inc.More Info
586-337-5241

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Jimmy DiehlPilot Property Group, Inc.More Info
586-337-5241

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.