5318 Alter Road Detroit, MI $ 160,000
5318 Alter Road
$ 160,000
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5318 Alter Road

Detroit, MI, 48224
$ 160,000
Bedrooms-- Baths-- Sq 2,432

Monthly Estimate*

$ 998

5318 Alter Road, Detroit, MI 48224 - Image 1

Commercial Property for sale in Detroit, MI

for $160,000. This 2,432 square foot building was built on a lot size of 0.12.

Check out this beautiful commercial building, formerly operated as a successful party store since 1988. The property is in very good condition, fully up to city code and regulations, and offers a turnkey opportunity for the right buyer. It features 15 walk-in cooler doors, a newer rooftop HVAC system, a newer hot water tank, and a roof that's only seven years old. The store also includes all shelving, countertops, a new cooling compressor, and recently repaved blacktop parking. There is both on-site and street parking available. Tenants are currently on a month-to-month lease, offering flexibility for future plans. The store closed at the end of April 2017 but was a profitable business for nearly three decades. With hard-working new ownership, this location has strong potential to thrive once again. Don't miss this chance to take over a well-maintained property with a proven track record in a high-traffic area.

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Commercial Active

Price

$ 160,000

Property Type

Commercial

Taxes

$ 4,023

Style

Commercial/Industrial

Lot Size

0.12

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60396709

Features
General
Possession At Close
Water Public Water
Status Active Active
Year Built 19
Subdivision Abbott & Beymers Sunderland Park Sub MI
County Wayne
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership Private
Municipality Detroit
Zoning Professional Office Commercial
Sale/Rent For Sale
Status Detail 0
Area Detroit (82001)
Primary City Detroit
Directions SOUTH OF 94 ON ALTER CORNER OF SOUTHAMPTON AND ALTER
City Detroit
Financial Terms Cash Conventional Exchange/Trade
Legal Description E ALTER 207&208 ABBOTT & BEYMERS SUNDERLAND PARK SUB L36 P93 PLATS W C R 21/428 40 X 125.31A
DOM 198
Postal Code 48224
Price Per Sq Ft Total AG 65.79
Public Remarks Check out this beautiful commercial building formerly operated as a successful party store since 1988. The property is in very good condition fully up to city code and regulations
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Exterior
Exterior Brick
Frontage 40
Lot Size Area 0.12
Lot Dimensions 40X125.31
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Shane Parker

Listing Agent

S&P Realty

Broker

broker@sprealtymi.com

Email

Affordability Calculator

$1,333
Per Month
75%
25%
0%
Monthly Principal & Interest
$998
Monthly Property Taxes
$335
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/21/2025$160,000 -13.51% Price Down
5/23/2025$185,000 Listed Price

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5318 Alter Road, Detroit, MI, 48224 is a Commercial Property for sale at $160,000 with 2,432 sqft and a lot size of 0.12. The property's zip code is 48224 which is in Detroit, MI