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
$ 999,000
Est. payment | /mo
6,240 SqFt
$ 999,000
Est. payment | /mo
6,240 SqFt
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 6,240 sqft
Price per Sqft $160
Subdivision Mi
MLS Listing ID 60937949
Annual Tax Amount $4,263
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60X100
Property Sub-Type Commercial/Industrial
Property Description
Unlock the full potential of this 6,600 sf, freshly painted, prime commercial property that currently houses 3 families, & 2 thriving Businesses with strong roots and support from its vibrant, growing Community for over 22 years! Situated on the infamous W. Vernor highway with extremely high demand & low inventory, within minutes of Downtown Detroit, The Gordie Howe and Ambassador Bridge, shopping, entertainment, all major freeways, and The New Michigan Central Station. Walking distance to: grocery markets, retail stores, restaurants, bike trails, green paths, parks, clinics, bus-stop just a few steps away, laundromat, banks, and entertainment with many new developments underway. This rare opportunity offers: Three connected commercial units and three 2-bedroom apartments on the second floor on a high-traffic corner with constant foot traffic from locals and tourists. Built on a strong foundation with durable structural & integrity, this property requires only light TLC; no full rehabilitation is necessary, making it perfect for passive investors seeking a steady return that offers 6 incomes, stability, versatility, and upside. abundance of street parking, 7+ vehicle concrete parking lot in the rear for additional parking, enclosed with an 8ft steel security fence and security lighting. Three two-bedroom large (1,1000 sf each) upper units, each featuring a large living room with a separate formal dining area, kitchen, bathroom, and two bedrooms, have been occupied by the same loyal tenants for over 20 years. Ideal for rental income or staff housing, each unit has separate utilities. Security shade for front street sealing to floor windows for added security, tons of natural lighting, Central air, & much more.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family,Professional Office,Commercial
Interior
Heating Forced Air
Building
Foundation Basement
Water Public Water, Public Water at Street
Structure Type Brick
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Century 21 Curran & Oberski
Find out why customers are choosing LPT Realty to meet their real estate needs
Learn More About LPT Realty