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Lupita Plaza 3959-3971 W Vernor Blvd 6,000 SF 75% Leased Retail Building Detroit, MI 48216 $950,000 ($158.33/SF) 10% Cap Rate
Investment Highlights
- Situated in Detroit's vibrant Hispanic community, offering excellent visibility and accessibility.
- On-site parking available at a ratio of 4 spaces per 1,000 square feet.
- Options ranging from 1,500 to 6,000 square feet to suit various business needs.
- Building and pylon signage available to enhance business presence.
Executive Summary
This freestanding retail building, built in 2002, offers 6,000 square feet on a 0.28-acre lot. Located in the heart of Detroit's vibrant Hispanic community, the property boasts excellent visibility and accessibility, with on-site parking available. Flexible space options range from 1,500 to 6,000 square feet, making it ideal for various business needs. This is a prime opportunity for businesses seeking a high-traffic location with strong community presence.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built
2002
Price
$950,000
Price Per SF
$158.33
Cap Rate
10%
NOI
$95,000
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
B4 - General Business District
Parking
18 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Paqueteria Chava Rodriguez LLC
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Paqueteria Chava Rodriguez LLC | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
1,500 SF Retail space available for lease.
| Space | Size | Space Use | Position | Available |
| 3959 | 1,500 SF | Retail | End Cap | Now |
3959
| Size |
| 1,500 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
3959
| Size | 1,500 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
1,500 SF Retail space available for lease.
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (89)
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-000318 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $134,400 (2025) |
Property Taxes
Parcel Number
14-000318
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$134,400 (2025)
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Lupita Plaza | 3959-3971 W Vernor Blvd
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