Freestanding Office Condo

Retail-Commercial for Sale
Catylist Listing ID: 30736928
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad
Building Size (RSF): 2,040 SF
Gross Building Area: See Agent
Gross Land Area: 0.12 Acres
Sale Price: $324,900
Unit Price: $159.26 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/7/2021

Overview / Comments

Fantastic Detroit Location. Close to 2 Major hospitals, Freeways, and on Mack Ave. Public records has this as Grosse Pointe; however, Detroit Taxes and for complete remodel, just 4 years ago; was all permitted thru Detroit. Owner bought two units in this Office Condo complex, completely remodeled and converted it to one 2,000 + sq foot space. Office and PT equipment have been removed but is available. HOA fees $801 / month Also includes Property ID# W21I078576S001 - Combined 2 units. Still considered two parcels with City and tax rolls. Total Annual Property Taxes $6,618 on the combined Units.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Tax ID/APN: 21078576.001
Retail Clientele: General
Property Visibility: Good
Feet of Frontage: 120
Typical SF / Floor: 2,040 SF
Year Built: 1967
Year Renovated: 2014
Construction/Siding: Brick
Parking Type: Surface
Heat Source: Central
Lot Frontage: 120
Lot Depth: 145
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,605 144,206 296,194
Median Age: 39.66 36.54 36.76
Households: 8,349 53,455 112,831

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