5536 Michigan Ave - Auto Repair FOR SALE


Detroit, MI 48210
$550,000 USD
313-451-0202
5536 Michigan Ave, Detroit, MI for Sale
$550,000 USD
Auto Repair - FOR SALE
1/10
null | 25% Cap Rate

5536 Michigan Ave
Detroit, MI 48210


HIGHLIGHTS

  • LOCATED ON HARD CORNER 0.25 ACRES
  • HIGH TRAFFIC AREA
  • REDEVELOPMENT OPPORTUNITY
  • BUSINESS GENERATES 120K-140K PER YEAR NET

OVERVIEW

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. That’s a 25% CAP RATE. The mixed-use building has two levels and needs to be built out. 6000 ft.². Great opportunity with this business and the mixed-use building.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$65 USD /SF

CAP RATE

25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

REPAIR SHOP WITH MIXED USE BUILDING: 25% CAP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

B4

APN/PARCEL ID

16-0017214

ASK ABOUT THIS PROPERTY

Tarick SalmaciARG AMERICAN REALTY GROUPMore Info
313-451-0202

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Tarick SalmaciARG AMERICAN REALTY GROUPMore Info
313-451-0202

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