$550,000 for Sale
5536 michigan avenue, detroit, MI 48210
Property Description
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 percen 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.
General Information
Sale Price: $550,000
Price/SqFt: $65
Status: Active
MLS#: 20240005650
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.25
Lot Dimensions: 87.00 x 123.00
Size: 8,500 sq.ft.
Acreage: 0.25 est.
Year Built: 1920
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $1,871
Est. Winter Taxes: $206
Est. Winter Taxes: $206
Map
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd., ©2024 Realcomp II Ltd. Shareholders Listing By: Tarick M Salmaci of ARG Realty, Phone: (313) 792-8030
