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5536 Michigan

Detroit, MI 48210
  • $550,000
  • STATUS: Active
  • ON SITE: 224 Days
  • MLS #: 20240005650
UPDATED: 13 min ago
$550,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,500
    SQFT
  • $65
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

Mixed-use building and auto repair shop for sale. Located on a hard corner in prime Southwest Detroit. (Mich and Junction) Minutes from downtown Detroit and the Ford train station. Auto repair business is operating and has net sales of 10-12 K per month take home. Thats a 25 percen CAP RATE. The mixed-use building has two levels and needs to be built out. 6000 ft.. Great opportunity with this business and the mixed-use building.

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[MiRealSource] logo ©2024 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2024-09-09T23:49:24.08.
www.sellsmi.com/homes/147053149
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5536 Michigan Detroit, MI 48210

  • Price: $550,000
  • Status: Active
  • On Site: 224 Days
  • Updated: 13 min ago
  • MLS #: 20240005650
0
Beds
0
Baths
0
½ Baths
0.25
Acres
8,500
SQFT
$65
$/SQFT
Neighborhood:
Brushs Sub (Plats)
County:
Wayne
Area:
Detroit (82001)
Property Description
Mixed-use building and auto repair shop for sale. Located on a hard corner in prime Southwest Detroit. (Mich and Junction) Minutes from downtown Detroit and the Ford train station. Auto repair business is operating and has net sales of 10-12 K per month take home. Thats a 25 percen CAP RATE. The mixed-use building has two levels and needs to be built out. 6000 ft.. Great opportunity with this business and the mixed-use building.
Exterior Features

Exterior Construction Brick Foundation Type Slab Frontage 123 Lot Size 87.00 x 123.00 Roads Paved Street Waterfront YN No

Interior Features

Basement YN No Commercial Features 220 Volt Power Fuel Type Natural Gas Heating System Space Heater

Property Features

Assessments Amount 100 Assessments YN Yes Business Type OfficeRetailService Commercial Type Commercial/Industrial Financial Terms Cash Lease YN No Municipality Detroit Occupant THE TARICK SALMACI GROUP Ownership Private SEV 106300 Sewer Septic Public Sanitary Subject To Short Sale Approval No Summer Tax Amount 1871 Taxable Value 22999 Total Tax Amount 2077 Water Public Water Winter Tax Amount 206 Zoning Commercial

Listing courtesy of ARG Realty : 313-792-8030.

Source MLS: MiRealSource
Originating MLS: Realcomp

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2024 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2024-09-09T23:49:24.08.
 
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The BRAND Real Estate
5400 Gateway Center Ste B
Mundy Twp MI, 48507