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$749,900
Est. payment /mo
5 Baths
5,874 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 5,874 sqft
Price per Sqft $127
MLS Listing ID 81026028797
Year Built 1924
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type BusinessandRealEstate
Property Description
Positioned on one of Detroit's most rapidly appreciating commercial corridors, this mixed-use property sits on the border of prestigious Grosse Pointe. Offering a robust blend of immediate cash flow and substantial value-add potential, this 5,874-square-foot building is set for investor & or occupant, featuring 3 commercial storefronts and two massive upper-level apartments. Commercial Footprint (3 Storefronts )Each retail space is approximately 980 sq. ft. & features its own dedicated, private basement for inventory or storage. Left Unit: Active, established Men's Barber Shop. Right Unit: vibrant Women's Beauty Salon or...you name it...?, steady commercial tenant income. Center Unit: A prime, vacant restaurant space complete with existing commercial kitchen equipment & Table space. Plus Residential Living 2 Spacious Upper Aparts, 2-bedroom, 1-bath 1,425 sq. ft. each, 1-occupied at $1300 per mo. & 1 vacant, *Land contract Available* asking 50% down/make offer
Location
State MI
County Wayne
Area Area05066Detmcclellaneastmacktoshore
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable
View Y/N No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Acceptable Financing Assumable, Cash, Contract, Conventional, Lease, Trade1031Exchange
Listing Terms Assumable, Cash, Contract, Conventional, Lease, Trade1031Exchange
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Listed by John Wallen of Michigan Dream Homes, LLC
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