6,000 Sq Ft Main Road Frontage

Retail-Commercial for Sale
Catylist Listing ID: 30442821
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 6,000 SF
Gross Building Area: See Agent
Sale Price: $328,000
Unit Price: $54.67 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 6/12/2019

Overview / Comments

Property is currently divided into 3 separate units with 3 mailing addresses 25513, 25525 & 25531 W 7 Mile Road and are 2,000 sq ft each. Could be one large 6,000 sq ft storefront, kept as is or divided any way you like. Use a portion for your own business and rent out the other(s). Parking in front and rear (8 in front and 8 in back), front and rear entrance to all 3 units, 3 bathrooms. 25513 has a newer roof but the others need repair. Seller may be willing to give credit towards a new roof. (Estimate done). Previous businesses include a hobby shop, a printing shop, resale store & fitness studio. Good opportunity. Call for showing today.

Attachments & Media

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $6,050 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Southern I-275 Corridor
Tax ID/APN: 79011030192000
Retail Clientele: General, Family, Business, Traveler, Recreation
Property Located Between: South side of street between Beech Daly and Telegraph
Property Visibility: Excellent
Largest Nearby Street: W 7 Mile / Beech Daly
Feet of Frontage: 81
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1958
Roof Type: Other
Construction/Siding: Block
Total Parking Spaces: 11
Parking Type: Surface
Parking Description: 6 spots in front of building and 5 in the back
Heat Type: Natural Gas
Heat Source: Central
Lot Frontage: 81
Lot Depth: 93
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 08C192 TO 08C195 LOTS 192 TO 195 INCL HITCHMANS EDEN PARK SUB T1S R10E L52 P34 WCR

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,103 125,725 356,340
Median Age: 36.79 38.41 39.28
Households: 8,874 50,322 143,036

Contact

Photograph of Listing Agent

Alexander Pandoff

GAP Realty Group CPIX Member
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