5318 Alter Road Detroit, MI $ 150,000
5318 Alter Road
$ 150,000
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5318 Alter Road

Detroit, MI, 48224
$ 150,000
Bedrooms-- Baths-- Sq 2,600

Monthly Estimate*

$ 947

5318 Alter Road, Detroit, MI 48224 - Image 1
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5318 Alter Road, Detroit, MI 48224 - Image 9

Commercial Property for sale in Detroit, MI

for $150,000. This 2,600 square foot building was built in 1988 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

$ 150,000

Property Type

Commercial

Taxes

$ 3,997

Style

RealEstateOnly

Lot Size

0.12

Year Built

1988

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261067581

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession SubjectToTenantRights
Garage Spaces 0.0
Construction Materials Block Brick
Year Built 1988
Levels One
Property Subtype RealEstateOnly
Current Use ConvenienceStore Retail
Business Type Commercial Retail
County Wayne
Net Operating Income 36000.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name ABBOTT & BEYMERS SUNDERLAND PARK SUB
Garage Y/N N
Status Active
Directions SOUTH OF 94 ON ALTER CORNER OF SOUTHAMPTON AND ALTER
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial Office
MLS Area Area05055DetConMorsGratHstn7Mack
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 3997.0
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 Tenant
Tax Assessed Value 48217
Expected Active Date 2026-08-24
Legal Description E ALTER 207&208 ABBOTT & BEYMERS SUNDERLAND PARK SUB L36 P93 PLATS W C R 21/428 40 X 125.31A
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Exterior
Water Source Public
Foundation Details Slab
Spa N
Building Area Total 2432.0
Lot Dimensions 40X125.31
Lot Size Acres 0.12
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 N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2600.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 5318
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* Excluded Features
List By
Shane Parker

Listing Agent

S&P Realty

Broker

(313) 454-8608

Phone

Affordability Calculator

$1,280
Per Month
74%
26%
0%
Monthly Principal & Interest
$947
Monthly Property Taxes
$333
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/25/2026$150,000 Listed Price

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5318 Alter Road, Detroit, MI, 48224 is a Commercial Property for sale at $150,000 with 2,600 sqft and a lot size of 0.12. 5318 Alter Road was built in 1988. The property's zip code is 48224 which is in Detroit, MI