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25500 5 Mile Rd 1,600 SF Retail Building Redford Township, MI 48239 $90,000 ($56.25/SF)
Investment Highlights
- For Sale By Owner: Two Class Size Rooms, Mini Warehouse/ Garage, Two Private Parking Spaces BK of Bldg., Public Parking Side of Bldg.
Executive Summary
PRIVATE-OWNED FSBO: GREAT BUY-PRICED FOR QUICK SALE & QUICK CLOSE. BOTTOM-LINE PRICE: Reduced from $135K to $90K with 10% EMD required, or $105k Land Contract Possible, with $70k Down. Building Sold AS-IS, CASH SALE ONLY: Proof of funds required. ONE-STORY COMMERCIAL BUILDING, ZONED C-1, GENERAL COMMERCIAL! PERMITTED USES: ALL USES PERMITTED IN A C-1 DISTRICT, INCLUDING: RESTAURANT, EXECUTIVE OFFICE, RETAIL, MINI WHOLESALE, ALTERATION, FINISHING, ASSEMBLING, FABRICATION, OR STORAGE OF GOODS PRIMARILY FOR RESIDENTS OF THE LOCALITY. PRIME LOCATION IN DOWNTOWN REDFORD TOWNSHIP, PRIVATE PARKING IN THE BACK, AND PUBLIC PARKING ON THE SIDE OF THE BUILDING. FORCED AIR, CENTRAL AIR, GAS, AND ELECTRIC. (ONE OWNER IS A REAL ESTATE AGENT), Although not acting in that capacity for this sale.
(BUYER TO PAY ALL CLOSING COSTS, IF BUYER IS REPRESENTED BY AN AGENT, ANY AND ALL COMMISSIONS, INCLUDING BUT NOT LIMITED TO A 3% BUYER'S AGENT COMMISSION) SHALL BE PAID SOLELY BY BUYER OUTSIDE OR AT CLOSING.
SERIOUS BUYERS ONLY. (CASH SALE OR LAND CONTRACT POSSIBLE).
BUYERS AND BUYERS AGENT TO VERIFY ALL PROPERTY INFORMATION WITH THE LOCAL TWP., COUNTY OR LOCAL GOVERNMENT AGENCIES.
PRIOR USE: PROPRIETARY SCHOOL, RETAIL SHOP, HAIR CULTIVATION SALON, AND CLOCK SHOP WITH ASSEMBLY WAREHOUSE. PROPERTY LOCATED: DOWNTOWN REDFORD TWP. DDA. AT: 25500 5 MILE ROAD, REDFORD TWP. MI 48239, 1 BLOCK EAST OF BEECH DALY ON N. SIDE OF 5 MILE RD.
(BUYER TO PAY ALL CLOSING COSTS, IF BUYER IS REPRESENTED BY AN AGENT, ANY AND ALL COMMISSIONS, INCLUDING BUT NOT LIMITED TO A 3% BUYER'S AGENT COMMISSION) SHALL BE PAID SOLELY BY BUYER OUTSIDE OR AT CLOSING.
SERIOUS BUYERS ONLY. (CASH SALE OR LAND CONTRACT POSSIBLE).
BUYERS AND BUYERS AGENT TO VERIFY ALL PROPERTY INFORMATION WITH THE LOCAL TWP., COUNTY OR LOCAL GOVERNMENT AGENCIES.
PRIOR USE: PROPRIETARY SCHOOL, RETAIL SHOP, HAIR CULTIVATION SALON, AND CLOCK SHOP WITH ASSEMBLY WAREHOUSE. PROPERTY LOCATED: DOWNTOWN REDFORD TWP. DDA. AT: 25500 5 MILE ROAD, REDFORD TWP. MI 48239, 1 BLOCK EAST OF BEECH DALY ON N. SIDE OF 5 MILE RD.
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$1,920,000
|
$1,200.00
|
| Operating Expenses |
$2,305,600
|
$1,441.00
|
| Total Expenses |
$4,225,600
|
$2,641.00
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $1,920,000 |
| Annual Per SF | $1,200.00 |
| Operating Expenses | |
|---|---|
| Annual | $2,305,600 |
| Annual Per SF | $1,441.00 |
| Total Expenses | |
|---|---|
| Annual | $4,225,600 |
| Annual Per SF | $2,641.00 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
1,600 SF
Building Class
C
Year Built/Renovated
1946/2013
Price
$90,000
Price Per SF
$56.25
Tenancy
Single
Building Height
1 Story
Building FAR
0.73
Lot Size
0.05 AC
Zoning
C1 - PROPERTY DESCRIPTION: 17B170 LOT B. E. TAYLORS BRIGHTMOOR MERCIER SUB T1S R10E L52 P99, 100 WCR
Parking
4 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
35’ on 5 Mile Rd
Amenities
- Security System
- Signage
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 79-015-01-0169-000 | Total Assessment | $29,300 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $1,920,000 ($1,200.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
79-015-01-0169-000
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$29,300 (2025)
Annual Taxes
$1,920,000 ($1,200.00/SF)
Tax Year
2024 Payable 2025
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Pozon Career Institute, Inc
25500 5 Mile Rd
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