13541 W 8 Mile Rd - Freestanding FOR SALE


Detroit, MI 48235
$2,499,999 USD
248-220-3274
13541 W 8 Mile Rd, Detroit, MI for Sale
$2,499,999 USD
Freestanding - FOR SALE
1/6
null | Request Cap Rate

13541 W 8 Mile Rd
Detroit, MI 48235


HIGHLIGHTS

  • Heavy daytime foot traffic
  • Laundromat with new equipment

OVERVIEW

This 6,119-square-foot self-service laundromat recently opened and has state-of-the-art machines. It is open seven days a week and offers Wash-Dry-Fold services. The facility is spacious, clean, and in a plaza with heavy foot traffic. The real estate is included, and this plaza has four units total. All units are currently occupied. A new owner could grow the business through community and social media marketing. Adding delivery services and commercial accounts could also increase growth. There are 70 machines total, 8 of which are commercial grade—(4) 80 lb and (4) 60 lb.

FOR SALE DETAILS

PRICE

$2,499,999 USD

PRICE/SF

$179 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

8-Schaeffer Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

B2, Detroit

APN/PARCEL ID

22-018584,22-03-034-10-08L

ASK ABOUT THIS PROPERTY

Nadir JiddouMichigan Business Broker, LLCMore Info
248-220-3274

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Nadir JiddouMichigan Business Broker, LLCMore Info
248-220-3274

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.