1551 W. Lafayette Boulevard

Retail-Commercial for Sale
Catylist Listing ID: 28230795
Property Subtypes: Restaurant
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.38 Acres
Sale Price: $595,000
Unit Price: $198.33 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 11/20/2017

Overview / Comments

Property consists of 3 lots including existing restaurant and 2 lots for parking.
Excellent redevelopment opportunity.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $6,252 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $4,753 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Livonia
County: Wayne
Submarket/Township: Detroit W of Woodward
Tax ID/APN: 08000059
Zoning: M-3
Property Located Between: 10th St. & Trumbull St.
Largest Nearby Street: Trumbull Btw Labrosse & Howard Rd
Traffic/Vehicle Count: 9,187
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,000 SF
Property Condition: Good
Year Built: 1952
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Parking Description: 2 Lots
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,458 94,495 272,970
Median Age: 42.2 35.7 35.22
Households: 4,055 41,208 107,535

Contact

Photograph of Listing Agent

Christopher J. Monsour

Signature Associates CPIX Member
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