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MIXED USE BUILDING 5536 Michigan Ave 8,447 SF Retail Building Detroit, MI 48210 $450,000 ($53.27/SF)
Investment Highlights
- LOCATED ON HARD CORNER 0.25 ACRES
- REDEVELOPMENT OPPORTUNITY
- HIGH TRAFFIC AREA
- BUSINESS GENERATES 120K-140K PER YEAR NET
Executive Summary
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. The mixed-use building has two levels.
Great opportunity with the repair garage business and the mixed-use building.
Great opportunity with the repair garage business and the mixed-use building.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,447 SF
Building Class
C
Year Built
1940
Price
$450,000
Price Per SF
$53.27
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.78
Lot Size
0.25 AC
Zoning
B4 - General Business District
Parking
5 Spaces (0.59 Spaces per 1,000 SF Leased)
Frontage
87’ on Michigan Ave
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (83)
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-0017214 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $129,500 |
Property Taxes
Parcel Number
16-0017214
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$129,500
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MIXED USE BUILDING | 5536 Michigan Ave
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