19706 SHERWOOD Street Detroit, MI ^$ 799,900

19706 SHERWOOD Street

^$ 799,900

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19706 SHERWOOD Street

Detroit, MI, 48234

^$ 799,900

Studio Baths0.0 Sq 3,280

Monthly Estimate*

^$ 5,588

19706 SHERWOOD Street, Detroit, MI 48234 - Image 1

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19706 SHERWOOD Street, Detroit, MI 48234 - Image 5

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19706 SHERWOOD Street, Detroit, MI 48234 - Image 8

19706 SHERWOOD Street, Detroit, MI 48234 - Image 9

19706 SHERWOOD Street, Detroit, MI 48234 - Image 10

19706 SHERWOOD Street, Detroit, MI 48234 - Image 11

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Studio

Commercial Property for sale in Detroit, MI

for $799,900. This 3,280 square foot building was built on a lot size of 0.25.

Thriving and operational liquor store with over 15 years of profitable operation, seller has made the decision to retire. The property is well maintained, current operational hours Mon-Thurs (9am-9pm), Fri (9am-10pm), Sat (10am-10pm), Sun (10am-9pm). Areas to increase revenue: extend hours of operation, lease out commercial kitchen, increase store inventory. With Heavy and consistent traffic flow, this is an excellent investment opportunity to enhance your business portfolio. List price consist of: Business, Liquor License, Store Inventory, and Real Estate.

Commercial Active

Price

^$ 799,900

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 3,311

Style

Commercial/Industrial

Lot Size

0.25

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60289638

Features

General

Heating Forced Air

Possession Close Plus 3-5 Days

Roof Asphalt

Exterior Features Security Lighting

Water Public Water at Street

Status Active Active

Year Built 19

Subdivision PATERSON BROS & CO OUTER DRIVE-VAN DYKE (PLATS) MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Private

Municipality Detroit

Zoning Commercial

Area Detroit (82001)

Primary City Detroit

Virtual Tour https://www.propertypanorama.com/instaview/nocbor/20240011040

Directions E. Outer Dr. & Sherwood St

City Detroit

Street Name SHERWOOD

Financial Terms Cash Conventional

Legal Description E SHERWOOD 546 THRU 542 PATERSON BROS & CO OUTER DRIVE VAN DYKE SUB L46 P89 PLATS W C R 15/260 100 X 111

DOM 67

Postal Code 48234

Price Per Sq Ft 243.87

Coming Soon Thriving and operational liquor store with over 15 years of profitable operation seller has made the decision to retire. The property is well maintained current operational hours Mon-Thurs (9am-9pm)

Exterior

Exterior Block Brick

Frontage 100

Lot Size Area 0.25

Lot Dimensions 100.00 x 111.00

Roads Paved Street

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Christopher Wallington

Listing Agent

Kw Domain

Broker

cwallington@cwgsells.com

Affordability Calculator

$5,863

Per Month

Monthly Principal & Interest: $5,588
Monthly Property Taxes: $276
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 ^$467,513

Percent of Sale Price 42%

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
3/18/2024	$799,900	-3.04%	Price Down
2/23/2024	$825,000		Listed Price

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19706 SHERWOOD Street, Detroit, MI, 48234 is a Commercial Property for sale at $799,900 with 3,280 sqft and a lot size of 0.25. 19706 SHERWOOD Street is a studio with 0.0 baths. The property's zip code is 48234 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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19706 SHERWOOD Street

Commercial Property for sale in Detroit, MI

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