24821 5 Mile Road Redford Charter Township, MI $ 499,900
24821 5 Mile Road
$ 499,900
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24821 5 Mile Road

Redford Charter Township, MI, 48239
$ 499,900
Bedrooms-- Baths-- Sq 3,729

Monthly Estimate*

$ 3,078

24821 5 Mile Road, Redford Charter Township, MI 48239 - Image 1
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24821 5 Mile Road, Redford Charter Township, MI 48239 - Image 8
24821 5 Mile Road, Redford Charter Township, MI 48239 - Image 9
24821 5 Mile Road, Redford Charter Township, MI 48239 - Image 10
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24821 5 Mile Road, Redford Charter Township, MI 48239 - Image 12
24821 5 Mile Road, Redford Charter Township, MI 48239 - Image 13
Commercial Property for sale in Redford Charter Township, MI for $499,900. This 3,729 square foot building was built in 1958 on a lot size of 0.2.

Exceptional investment opportunity featuring an 8-unit commercial property comprised of two separate buildings, each containing four fully leased units. 24821 and 24865 5 Mile Rd. This well-maintained asset offers immediate and stable cash flow with 90% occupancy and established tenants in place. The property is strategically configured with two standalone 4-unit buildings, providing operational flexibility, and ease of management. Each unit is designed to accommodate a variety of commercial uses, making the property attractive to a diverse tenant base. With strong rental income, and minimal vacancy risk, this turnkey investment is ideal for investors seeking dependable returns and long-term appreciation potential. New roof added on both buildings in June/26.The property's layout, tenant mix, and income-producing performance make it a valuable addition to any commercial real estate portfolio.

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Commercial Active

Price

$ 499,900

Property Type

Commercial

Taxes

$ 8,282

Style

RealEstateOnly

Lot Size

0.2

Year Built

1958

Town/City

Redford Charter Township

County/Region

WAYNE

MLS | Web ID

20261044796

Features
General
Sewer PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Cooling CentralAir
Possession AtClose
Roof Asphalt Other
Garage Spaces 0.0
Construction Materials Brick
Year Built 1958
Levels One
Property Subtype RealEstateOnly
Current Use Commercial MixedUse
County Wayne
Net Operating Income 40000.0
Operating Expense 32000.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name JAMES S BONADEO SUB
Garage Y/N N
Building Features OutsideLighting
Status Active
Directions 5 MILE JUST EAST OF BEECH DALY
City RedfordCharterTownship_Wayne
Senior Community Y/N N
High School District RedfordUnion
Zoning Description Commercial
MLS Area Area05031RedfordTwp
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 8282.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type MultipleOccupantTypes
Tax Assessed Value 39946
Expected Active Date 2026-06-15
Legal Description 20P22A3 22B E 81.15FT OF LOT 22 JAMES S BONANDEO SUB T1S R10E L78 P48 WCR
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Exterior
Parking Features ParkingLot
Water Source Public WateratStreet
Foundation Details CrawlSpace Slab
Spa N
Building Area Total 3729.0
Lot Dimensions 81.1X110
Lot Size Acres 0.2
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3729.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 24821
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* Excluded Features
List By
Frank Alsaghir

Listing Agent

Re/Max Team 2000

Broker

(313) 561-0900

Phone

Affordability Calculator

$3,768
Per Month
82%
18%
0%
Monthly Principal & Interest
$3,078
Monthly Property Taxes
$690
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4909348 Elementary School
4909627 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/15/2026$499,900 Listed Price

Map


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24821 5 Mile Road, Redford Charter Township, MI, 48239 is a Commercial Property for sale at $499,900 with 3,729 sqft and a lot size of 0.2. 24821 5 Mile Road was built in 1958. The property's zip code is 48239 which is in Redford Charter Township, MI