5536 MICHIGAN Avenue Detroit, MI ^$ 550,000

5536 MICHIGAN Avenue

^$ 550,000

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5536 MICHIGAN Avenue

Detroit, MI, 48210

^$ 550,000

Studio Baths0.0 Sq 8,500

Monthly Estimate*

^$ 3,842

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Studio

Commercial Property for sale in Detroit, MI

for $550,000. This 8,500 square foot building was built on a lot size of 0.25.

MIXED USE OPPORTUNITY! LOCATED HARD CORNER IN SOUTHWEST DETROIT. 0.25 ACRES. GREAT OPPORTUNITY FOR OWNER USER OR INVESTOR. 8500 SQFT. TWO BUILDINGS. FRONT BUILDING IS VACANT WITH 2 LEVELS. 3000 SQFT OF COMMERICIAL OR RESIDENTIAL SPACE ON EACH LEVEL (6000 sqft total). BOTH LEVELS NEED BUILD OUT. BACK BUILDING IS A FULL-SERVICE REPAIR SHOP WITH 2 BAYS. CURRENTLY IN BUSINESS. LOCATED ON A HIGH TRAFFIC BUSY CORNER ON MICHIGAN AVE IN SOUTHWEST DETROIT. (0.25 ACRES) (MICHIGAN AVE AND JUNCTION). LOCATED MINS FROM DOWNTOWN DETROIT AND THE FORD TRAIN STATION. FRONT BUILDING IS MIXED USE BUILDING. BACK BUILDING IS AN AUTO REPAIR SHOP WITH A 2 BAY GARAGE AND AN OFFICE. CURRENTLY OPEN FOR BUSINESS. NO INTERIOR PHOTOS OF THE FRONT BUILDING BECAUSE NEEDS TO BE BUILT OUT. CURRENTLY OPEN SPACE ON BOTH LEVELS.

Commercial Active

Price

^$ 550,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 2,077

Style

Commercial/Industrial

Lot Size

0.25

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60284991

Features

General

Heating Space Heater

Possession At Close

Water Public Water

Status Active Active

Year Built 19

Subdivision BRUSHS SUB (PLATS) MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Private

Municipality Detroit

Zoning Commercial

Commercial Features 220 Volt Power

Area Detroit (82001)

Primary City Detroit

Directions CORNER OF MICHIGAN AVE AND JUNCTION

City Detroit

Street Name MICHIGAN

Financial Terms Cash

Legal Description N MICHIGAN LOTS 15-17 & W 17FT LOT 18 BLK C BRUSHES SUB L16 P24 PLATS 87 FT IRREG OR 10 661 SQ FT

DOM 107

Postal Code 48210

Price Per Sq Ft 64.71

Coming Soon MIXED USE OPPORTUNITY! LOCATED HARD CORNER IN SOUTHWEST DETROIT. 0.25 ACRES. GREAT OPPORTUNITY FOR OWNER USER OR INVESTOR. 8500 SQFT. TWO BUILDINGS. FRONT BUILDING IS VACANT WITH 2 LEVELS. 3000 SQFT O

Exterior

Exterior Brick

Frontage 123

Lot Size Area 0.25

Lot Dimensions 87.00 x 123.00

Roads Paved Street

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Tarick Salmaci

Listing Agent

Arg Realty

Broker

Tarick@Tarick.com

Affordability Calculator

$4,015

Per Month

Monthly Principal & Interest: $3,842
Monthly Property Taxes: $173
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$467,337

Percent of Sale Price 15%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/29/2024	$550,000		Listed Price

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5536 MICHIGAN Avenue, Detroit, MI, 48210 is a Commercial Property for sale at $550,000 with 8,500 sqft and a lot size of 0.25. 5536 MICHIGAN Avenue is a studio with 0.0 baths. The property's zip code is 48210 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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5536 MICHIGAN Avenue

Commercial Property for sale in Detroit, MI

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