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16941 9 Mile Rd
Eastpointe, MI 48021
Retail Property For Sale


Investment Highlights
- Investment Opportunity- Total By Verizon has been a tenant in the building since 2023
- Tenant pays $1,400.00/Month
- Tenant is responsible for CAM, general/routine maintenance
- Recent three (3) year extension, through April 1, 2029
- Landlord is responsible for RE Taxes, RE Insurance, Roof/Structure/HVAC Repairs that exceed $500.00
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
593 SF
Building Class
C
Year Built
1945
Price
$160,000
Price Per SF
$269.81
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.10 AC
Zoning
MU2 - Main Street Mixed Use
Parking
8 Spaces (13.49 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Fenced Lot
- Signage
Property Taxes
| Parcel Number | 02-14-30-479-034 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $41,600 |
Property Taxes
Parcel Number
02-14-30-479-034
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$41,600
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