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Shree Patel

movewithshree@gmail.com +1(734) 447-7113

$325,000

Est. payment - /mo

2,622 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type RealEstateOnly

Listing Status Active

Purchase Type For Sale

Square Footage 2,622 sqft

Price per Sqft $123

Subdivision Wesson Estate

MLS Listing ID 20261087059

Year Built 1970

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type RealEstateOnly

Property Description

**INCOME-PRODUCING MIXED-USE INVESTMENT NEAR HISTORIC INDIAN VILLAGE!** Offered at $325,000, this renovated 4,120 SF building generates $27,000 in annual gross rental income from two occupied units. The first-floor salon rents for $800/month, while the furnished 2-bedroom, 2-bath upstairs apartment rents for $1,450/month. Both tenants are month-to-month, offering flexibility for investors and future owner-occupants. Renovated in 2022, the property features an updated apartment with hardwood floors, an open-concept living area, modern kitchen, and updated bathrooms. Additional highlights include a detached 1,000 SF garage with newer roof, approximately 400 SF of mezzanine space, basement, and ample on-site parking. Zoned B4 (General Business District), offering potential for a variety of business uses, subject to municipal approval. Conveniently located along the Mack Avenue corridor near Indian Village and West Village. A versatile investment with established rental income and additional upside potential!

Location

State MI

County Wayne

Area Area05053Detwoodwardmcclellansomack

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Parking Features Garage, ParkingLot, OnSite, Secured

Fence Fenced, Perimeter

View Y/N No

Garage true

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional, Trade1031Exchange, WarrantyDeed

Listing Terms Cash, Conventional, Trade1031Exchange, WarrantyDeed

Special Listing Condition AgentOwned, ShortSaleNo

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Listed by Ryan Lally of KW Grosse Pointe

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Shree Patel

+1(734) 447-7113

Agent

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8640 Mack AVE Detroit, MI 48214

Shree Patel

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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8640 Mack AVE