Former Banquet Hall

Retail-Commercial for Sale
Catylist Listing ID: 30704317
Building Size (RSF): 5,750 SF
Gross Land Area: 0.57 Acres
Sale Price: $374,000
Unit Price: $65.04 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Building Name: Former Banquet Hall
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 2/17/2021

Overview / Comments

Freestanding 5,750 sq.ft. former meeting and banquet hall for sale on busy Dix-Toledo Road in Southgate. Less than a mile from new Walmart Supercenter and many other national retailers.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $8,343 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Downriver South
Tax ID/APN: 53011010315000
Zoning: C-2
Property Located Between: Superior Ave.
Traffic/Vehicle Count: 25,196
Year Built: 1950
Year Renovated: 1993
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Wood
Total Parking Spaces: 22
Sprinklers: None
Heat Type: Other
Heat Source: Other
Air Conditioning: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,878 138,772 273,938
Median Age: 40.39 40.3 39.53
Households: 6,951 56,979 110,346

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