12700 Mansfield Street Detroit, MI ^$ 550,000

12700 Mansfield Street

^$ 550,000

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12700 Mansfield Street

Detroit, MI, 48227

^$ 550,000

Studio Baths0.0 Sq 30,337

Monthly Estimate*

^$ 3,842

12700 Mansfield Street, Detroit, MI 48227 - Image 1

12700 Mansfield Street, Detroit, MI 48227 - Image 2

12700 Mansfield Street, Detroit, MI 48227 - Image 3

12700 Mansfield Street, Detroit, MI 48227 - Image 4

12700 Mansfield Street, Detroit, MI 48227 - Image 5

12700 Mansfield Street, Detroit, MI 48227 - Image 6

Studio

Commercial Property for sale in Detroit, MI

for $550,000. This 30,337 square foot building was built in 1953 on a lot size of 1.76.

Six buildings all connected with 2 for light manufacturing and 4 warehouses for storage. (1) 14,548 SF-Light Manufacturing; (2) 3853 SF-Light Manufacturing; (3) 1651 SF-Warehouse; (4) 7845 SF-Warehouse; (5) 340 SF-Warehouse; (6) 2100 SF-Warehouse. Fixture/Equipment not included but may be available for separate purchase. Price reflects property being sold as-is, where-is, with the understanding that some roof repairs may be needed.

Commercial Pending

Price

^$ 550,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 11,908

Style

Commercial/Industrial

Lot Size

1.76

Year Built

1953

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

70379755

Features

General

Heating Forced Air

Possession At Close

Water Public Water Public Water at Street

Status Pending Pending

Year Built 1953

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Municipality Detroit

Subdivision MI

Commercial Features Electric Available Gas Available

Area Detroit (82001)

Primary City Detroit

Directions Close to Jeffries Freeway/I-96 expressway. Bet Fullerton Ave and Greenfield Rd east of I-96

City Detroit

Street Name Mansfield

Financial Terms Cash Conventional

Legal Description E MANSFIELD ALL THAT PT OF W 1/2 OF NE 1/4 OFSEC 25 T1S R10E DESC AS FOLS; BEG AT A PTE ON THE E'LY

DOM 637

Postal Code 48227

Price Per Sq Ft 18.13

Coming Soon Six buildings all connected with 2 for light manufacturing and 4 warehouses for storage. (1) 14

Exterior

Exterior Block

Frontage 0

Lot Size Area 1.76

Lot Dimensions Irregular

Roads City/County

Waterfront Y/N No

Interior

Fuel Type Electric Natural Gas

* Excluded Features

List By

Amy Freundl

Listing Agent

The Charles Reinhart Company

Broker

AFreundl@ReinhartCommercial.com

Affordability Calculator

$4,834

Per Month

Monthly Principal & Interest: $3,842
Monthly Property Taxes: $992
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

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 ^$473,955

Percent of Sale Price 14%

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
3/19/2024	$550,000	-15.38%	Price Down
1/8/2024	$650,000	-7.14%	Price Down
12/5/2023	$700,000		Listed Price

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12700 Mansfield Street, Detroit, MI, 48227 is a Commercial Property for sale at $550,000 with 30,337 sqft and a lot size of 1.76. 12700 Mansfield Street is a studio with 0.0 baths and was built in 1953. The property's zip code is 48227 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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12700 Mansfield Street

Commercial Property for sale in Detroit, MI

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