Prime High Traffic Retail location + house

Retail-Commercial for Sale
Catylist Listing ID: 30667287
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail
Building Size (RSF): 1,700 SF
Gross Building Area: See Agent
Gross Land Area: 0.84 Acres
Sale Price: $525,000
Unit Price: $308.82 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 7/22/2021

Overview / Comments

Location, Location, Location! Extremely high vehicle count on 15 Mile Rd.

This is a great opportunity to own both a high visibility retail building and a house on the same lot. There is a well-cared for 3 bedroom house in the rear and a beautifully renovated retail building in front.

Buy the property and rent both out for solid income OR run your business from the retail building and live in the back house.
There can be a very lucrative business here with the abundant traffic on Maple (15 Mile) Rd.

Another option: redevelop the site. The city of Troy offers very flexible zoning uses.

144 feet of frontage on more than ¾ of an acre. website rates Troy with a very high score of 87; including “A+” rating in Crime, Schools and Amenities and an “A” in Housing.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Troy South
Tax ID/APN: 2025479034
Retail Clientele: General, Business
Property Located Between: Dequindre and John R rd.
Property Visibility: Excellent
Largest Nearby Street: Dequindre rd.
Feet of Frontage: 144
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Parking Description: Abundant parking
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Electric Lines, Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,246 121,219 352,734
Median Age: 41.39 40.07 40.68
Households: 6,661 46,922 145,254


Photograph of Listing Agent

Perry Pavlina

Coldwell Banker
CPIX Member
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