MI > Southgate > Mi
Southgate, MI 48195,13450 dix toledo Road
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mon
8
Sep
Tue
9
Sep
Wed
10
Sep
David Godin

David Godin

+1(586) 416-0600
$ 699,000
Est. payment | /mo

3,968 SqFt

Save
$ 699,000
Est. payment | /mo
Save

3,968 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 3,968 sqft

Price per Sqft $176

Subdivision Mi

MLS Listing ID 50187515

Year Built 1952

Lot Size 0.280 Acres

Acres 0.28

Lot Dimensions 0.28

Property Sub-Type Commercial/Industrial

Property Description

Introducing a lucrative investment opportunity at HOLLYWOOD MOTEL, located at 13450 Dix Toledo Rd. Southgate, Michigan 48195. This 15-unit extended-stay motel, along with a manager's apartment, presents a chance for a high cap rate of 20.97% and a gross income of $196,000. Renovated just last year with $32,000 in upgrades, this fully licensed property boasts modern amenities including WI-FI, cable TV, and free parking. Situated in a prime location with 120 feet of frontage on a heavily trafficked road, the motel benefits from approximately 35,000 vehicles passing by daily. With an average weekly rate of $300-$325 and a strong surrounding demographic with an average household income of $84,000 within a mile radius, this property offers a solid income stream. Don't miss this chance to own a well-positioned hospitality asset in the bustling Detroit market.

Location

State MI

County Wayne

Area Southgate (82146)

Zoning Multi-Family,Commercial

Interior

Heating Electric Heat

Cooling Central A/C, HVAC

Exterior

Parking Features 21+ Spaces

Roof Type Shingles

Building

Lot Description Utilities Underground

Foundation Slab

Water Public Water

Structure Type Brick

Others

Ownership LLC

SqFt Source Public Records

Financing Cash,Commercial Loan,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Brookstone, Realtors LLC
agent-avatar

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(586) 416-0600

davidgodin@hotmail.com

101 W Big Beaver Rd, Troy, MI, 48084, USA

Learn More About LPT Realty

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of David Godin, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.
Tour the Home

13450 dix toledo Road