Fully Leased Strip Center For Sale

Shopping Center for Sale
Catylist Listing ID: 30263305
Property Subtypes: Mixed Use, Strip Center
Building Size (RSF): 3,600 SF
Gross Building Area: See Agent
Gross Land Area: 0.56 Acres
Sale Price: $295,000
Unit Price: $81.94 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 8.1%
Last Updated: 9/14/2018

Overview / Comments

Fully leased retail investment opportunity. Freestanding multi-tenant building features ample parking and great main street exposure with 242 feet of frontage on N Middlebelt Road.

Sale includes adjacent vacant lot providing room to expand/new development opportunity. Total acreage being offered for sale is approximately .56 acres.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Southern I-275 Corridor
Tax ID/APN: 44-008-01-0850-000
Retail Clientele: General
Property Visibility: Good
Largest Nearby Street: Michigan Avenue
Feet of Frontage: 242
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Parking Type: Surface
Parking Description: Ample
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Commercial
Lot Frontage: 242
Lot Depth: 101
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,562 150,560 352,706
Median Age: 35.88 37.58 38.28
Households: 5,451 58,770 141,255

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