14700-14750 Plymouth Rd, Detroit, MI 48227
29,000 SF | 100% Leased | Retail Building | Detroit, MI 48227 | $2,000,000 ($69/SF)
For Sale
Active
Asking Price $2,000,000
- Property Type
-
Retail
- Square Feet
- 29,000 SF
- Price / Square Foot
- $69
Listing Contacts
- Property Info
Property Overview
Prime Investment Opportunity – Diverse Commercial Property with Residential Units! Seize the opportunity to own this substantial mixed-use building, encompassing approximately 28,000 sq ft of versatile space in a highly trafficked area. This property boasts of an established daycare center, as well a beauty salon, and a deli (not currently occupied) on the ground floor. Furnishing and equipment included with the purchase; however, the business name is not included. The second level hosts 22 residential units, comprising 20 one-bedroom apartments and 2 two-bedroom apartments, all currently leased on a flexible month-to-month basis, providing the new owner with immediate income and the potential to adjust to market rents. All apartments come with newer windows, newer refrigerators and newer air conditioner units. This property presents an attractive proposition for investors seeking a diversified revenue stream with significant upside potential. Don't miss the chance to expand your portfolio with this promising investment. Please do not approach tenants and employees. Tours are by appointment only.
Property Details
- Class
- C
- Year Built/Renovated
- 1948/2000
- Stories
- 2
- Property Subtype
- Storefront Retail/Residential, Day Care Facility/Nursery, Office/Residential
- Lot Size (sq. ft)
- 23,087 SF
Highlights
- First floor is a daycare, hair salon, and deli.
- Second floor consists of 22 apartments; 20 1 bedroom and 2 2 bedrooms.
- Located in a heavy trafficked area.
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