8418 MICHIGAN AVE Detroit, MI 48210

$199,900
8418 MICHIGAN AVE, Detroit, MI 48210
216109749

Commercial Property for sale in Detroit, MI

for $199,900. This 4,599 square foot building was built in 1927 on a lot size of 0.05 Acre(s).

Property Information

  • $199,900
  • Commercial
  • 4,599 Square Feet
  • Taxes are $2,028
  • Apartment
  • Active
  • Lot size of 0.05 Acre(s)
  • Built in 1927
  • Detroit, MI
  • Southwest Detroit Neighborhood
  • Wayne County
  • MLS/Web ID is 216109749

Description

HIGH TRAFFIC MICHIGAN AVE. COMMERCIAL BUILDINGS & LOTS. PRIME ARE. GREAT LOCATION. LOTS OF POTENTIAL. THERE ARE 2 BUILDINGS SIDE BY SIDE (ADDRESSES: 8418 & 8414 MICH. AVE.) 8418 MICH. AVE. IS 3144 SQ. FT. THAT HAS THE 2 APARTMENTS UPSTAIRS RENTED.($1000/MONTH INCOME). THE OTHER BUILDING 8414 MICH. AVE. IS 1455 SQ. FT. THERE IS A BASEMENT TOO. THE COMMERCIAL UNITS ARE EMPTY BUT READY TO GO WITH NEW OWNER IDEAS. THERE ARE 4 ADDRESSES: 8418 MICHIGAN AVE., 8414 MICHIGAN AVE.; WHICH ARE THE BUILDINGS, AND 8422 & 8426 MICHIGAN AVE. ARE THE VACANT LOTS. ALL ADDRESSES HAVE DIFFERENT PARCEL IDS TOO. TOTAL LOT SIZE 86X100. THE BUILDINGS APPROX. 4600 SQ. FT. THIS IS AN "AS-IS" SALE. ALL DATA & MEASUREMENTS ARE APPROX. Current Use: EMPTY & 2 UNITS APT.-RENTED, Business Type: Residential, Retail, Lot Dimensions: 86.60X100.00

Interior 3

Heating Source

  • Natural Gas

Heating System

  • Central Heat
  • Forced Air

Water Source

  • Municipal

Exterior 6

Construction

  • Block
  • Brick

Foundation

  • Basement
  • Block
  • Brick

Land Improvements

  • Sidewalks

Road Frontage

  • Interstate
  • Paved

Roof

  • Rubber

Zoning

  • Commercial

Miscellaneous 2

Acceptable Finance

  • Cash
  • Conventional

Commercial

  • Rail Service

† Excluded Feature

Additional Info

<p><img src="https://images.weichert.com/mlslogoimages/rc_sml.gif" style="float:left;" alt=""/> Provided through IDX through Realcomp II Ltd. Courtesy of WEICHERT, REALTORS®” “Copyright 2014 Realcomp II Ltd. Shareholders</p> <p>&copy; 2018 Realcomp Ltd. All rights reserved.</p>

Neighborhood & Schools

School District: Detroit

 See complete school information

Listed By

Listing Agent: Allen A Gawall
Broker: RE/MAX TEAM 2000

8418 MICHIGAN AVE , Detroit, MI, 48210 is a Commercial Property for sale at $199,900 with 4,599 sqft and a lot size of 0.05 Acre(s). 8418 MICHIGAN AVE has 0.0 baths and was built in 1927. The property's zip code is 48210 which is in Detroit, MI

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Market Pricing

Average % of sale price Median % of sale price
All listings in Detroit $488,217 144 % above $299,350 50 % above
Commerical listings in Detroit $570,856 186 % above $296,200 48 % above

Get the facts about Detroit, MI!

Population 637,006
Population Growth (since 2000) -33 %
Median Income $27,031
Median Age 35.76
Households w/ Children 28 %

Residential Dwellings

  • Owned 123756
  • Vacant 69865
  • Rented 117652

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