PRIME LOCATION INVESTOR ALERT! Two-story mixed-use building located on Historic Grand River Avenue with excellent visibility in a high-traffic corridor with excellent frontage. Main level storefront ideal for retail, office or repair service business. Upper level has apartment / office space for additional rental income or mixed living / work… Read More use. Very solid structure with opportunity to modernize located near other funtioning thriving businesses in an area showing steady signs of revitalization and commercial growth. Great for owner-operators wanting to run a business main while living upstaris or developers looking for an affordable entry into the Detroit real estate mixed-use market. Across the street from Citizens Bank. Walking distance from Miejer Supermarket, NEW Credit Union, Grocery store and USPS Post office. Near public transportation, major highway, dining and other fine points of interest. Property sold As Is with Warranty Deed transfer. Shown by appointment only with advance notice. $495 transaction fee buyer payable at closing. Buyer agent to verify all information. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Reach Realty Group, (313) 766-4000
Listing Snapshot
Days Online
286
Last Updated
Property Type
Commercial
Square Ft.
2,866
Lot Size
0.04 Acres
Year Built
1949
MLS Number
20251010531
30 Days Snapshot Of 48219
$108k
+23%
(avg) sold price
39
-15%
homes sold
89
+23%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Class C, Paved, Highway
Building
Built in 1949, 2,866 total square feet, 1,440 main square feet, Brick
Foundation
Basement
Water Features
Natural Gas, Public (Municipal)
Heating
Forced Air, Other, Forced Air, Other
Lot
Lot size area: 0.04, Lot size dimensions: 20.01X79.8
Miscellaneous
Gross scheduled income: $36,000, Net operating income: $30,000, Operating expense: $6,000, Retail, Real Estate Only
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