2800 Sq. ft Building w/ Store & 3 Apts. Online Auction 10.18.16

Retail-Commercial for Sale
Catylist Listing ID: 30001591
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Other
Building Size (RSF): 2,800 SF
Gross Building Area: See Agent
Gross Land Area: 4,329 SF
Sale Price: See Agent
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Up For Auction: Yes
Auction Type: Undisclosed Reserve
Last Updated: 10/17/2016

Overview / Comments

Online Real Estate Auction w/ opening bid $75,000. Includes business, building, and 3 Residential Apartments. Everything is being auctioned in one package including store inventory. Convenience Store Avg. Gross Annual Income: $200,000 per year. 3 Residential Apartments (1-2BDR & 2-1 BDR) Projected Monthly Gross Income: $1300 Mo./$15,600 Annual. Turn key operating business. All 3 rental units have been renovated and are move in condition. Property selling online bidding only Tuesday, Oct. 18, 8 am EST (local time) w/ auction closing 3pm EST. Pre-bids and all offers must be submitted with Bidspotter online. Bidders must be approved prior to submitting bids. Registration information available. Auction is reserve subject to seller’s final confirmation. 10% buyer premium applies. Pre-auction open house for public showings Sept. 27th 12pm-1pm, Oct. 4th 12pm-1pm, Oct. 8th 12pm-1pm, and Oct. 11th 12pm-1pm. All final best bids presented via online to seller on auction day.


Finance Data Year 2015
Real Estate Taxes - Annual($) $2,800 (Annual)
Assessed Value - Total($) $35,800 (Annual)
Potential Rental Income $15,600 (Annual)
Gross Operating Income $215,600 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Taxing Authority: Hamtramck
Tax ID/APN: 41004020139000
Property Located Between: Casmere & Commor St
Property Visibility: Good
Largest Nearby Street: Caniff
Feet of Frontage: 39
Highway Access: I-75
Site Description: Current Use: Convenience Store & 3 Residential Apartments
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1929
Year Renovated: 2015
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Total Parking Spaces: 4
Heat Type: Natural Gas
Heat Source: Central
Interior Description: Convenience Store on main floor. 1 main floor apartment and 2 apartments located on 2nd floor.
Zoning Description: Commercial
Lot Frontage (Feet): 39
Lot Depth: 111
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: LOT 139 FLEMING'S SUB 1/4 SEC 22 10,000 A.T. L.28 P.70 WCR FLEMINGS

Attachments & Media

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 32,198 167,306 485,131
Median Age: 30.66 35.54 35.68
Households: 10,437 62,526 189,178
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