13727-13739 S Huron River Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
13727-13739 S Huron River Dr
4,300 SF 100% Leased Retail Building Romulus, MI 48174 $475,000 ($110/SF)
Investment Highlights
- Frontage on highly trafficked Huron River Drive.
- 1 mile from CBD Downtown Romulus.
- Site on a 5.2 acres lot.
Executive Summary
This 3,536 square foot property boasts ample parking, and excellent road visibility, and is conveniently situated within 2 miles of downtown Romulus. The current tenant is a longstanding dental occupant, currently under a below-market-value rent arrangement, thus offering substantial upside potential. Also a new lease was executed to occupy the vacant portion of the property. This is a great investment opportunity with the building being 100% leased now. Noteworthy is the expansive 5.13-acre land parcel associated with the property, opening significant avenues for expansion and development. Its strategic location in the heart of Romulus, coupled with its proximity, just three miles from the airport, enhances its appeal, providing both stability and promising prospects for further growth. Opportunity for office, medical, or retail shopping center.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$36,000
|
$8.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$21,600
|
$5.02
|
| Effective Gross Income |
$14,400
|
$3.35
|
| Taxes |
$8,913
|
$2.07
|
| Operating Expenses |
$1,800
|
$0.42
|
| Total Expenses |
$10,713
|
$2.49
|
| Net Operating Income |
$3,687
|
$0.86
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $36,000 |
| Annual Per SF | $8.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $21,600 |
| Annual Per SF | $5.02 |
| Effective Gross Income | |
|---|---|
| Annual | $14,400 |
| Annual Per SF | $3.35 |
| Taxes | |
|---|---|
| Annual | $8,913 |
| Annual Per SF | $2.07 |
| Operating Expenses | |
|---|---|
| Annual | $1,800 |
| Annual Per SF | $0.42 |
| Total Expenses | |
|---|---|
| Annual | $10,713 |
| Annual Per SF | $2.49 |
| Net Operating Income | |
|---|---|
| Annual | $3,687 |
| Annual Per SF | $0.86 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,300 SF
Building Class
C
Year Built
1962
Price
$475,000
Price Per SF
$110
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
5.13 AC
Zoning
COMMERCIAL - Commercial - Office - Medical
Parking
20 Spaces (5.66 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Ronald Mizikow DDS
- Health Care and Social Assistance
- 1,606 SF
- -
- Modified Gross
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Ronald Mizikow DDS | Health Care and Social Assistance | 1,606 SF | - | Modified Gross | - |
PROPERTY TAXES
| Parcel Number | 80-114-99-0022-000 | Total Assessment | $382,000 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | $8,913 ($2.07/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
80-114-99-0022-000
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$382,000 (2024)
Annual Taxes
$8,913 ($2.07/SF)
Tax Year
2023
1 of 18
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
13727-13739 S Huron River Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.