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

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

Monthly Estimate*

$ 3,078

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Commercial Property for sale in Redford, MI

for $499,900. This 3,729 square foot building was built 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

Commercial/Industrial

Lot Size

0.2

Town/City

Redford

County/Region

Wayne

MLS | Web ID

61002444

Features
General
Heating Forced Air
Possession At Close
Roof Asphalt Other-See Remarks
Water Public Water Public Water at Street
Status Active Active
Year Built 19
Subdivision James S Bonadeo Sub MI
Water Heater Gas
County Wayne
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership Private
Municipality Redford Twp
Zoning Commercial
Sale/Rent For Sale
Status Detail 0
Area Redford Twp (82031)
Primary City Redford
Directions 5 MILE JUST EAST OF BEECH DALY
City Redford
Financial Terms Cash Conventional
Legal Description 20P22A3 22B E 81.15FT OF LOT 22 JAMES S BONANDEO SUB T1S R10E L78 P48 WCR
DOM 0
Postal Code 48239
Price Per Sq Ft Total AG 134.06
Public Remarks Exceptional investment opportunity featuring an 8-unit commercial property comprised of two separate buildings
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Exterior
Exterior Brick
Exterior Amenities Security Lighting
Frontage 81
Lot Size Area 0.2
Lot Dimensions 81.1X110
Roads Paved Street
Waterfront Y/N No
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
Frank Alsaghir

Listing Agent

Re/Max Team 2000

Broker

frankalsaghir@gmail.com

Email

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
760529 Elementary School
760235 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, MI, 48239 is a Commercial Property for sale at $499,900 with 3,729 sqft and a lot size of 0.2. The property's zip code is 48239 which is in Redford, MI