Mixed-Use Opportunity

Retail-Commercial for Sale
Also listed as Special Purpose
Catylist Listing ID: 30777636
Building Size (RSF): 83,280 SF
Gross Land Area: 9.28 Acres
Sale Price: $9,400,000
Unit Price: $112.87 PSF
Property Use Type: Vacant/Owner-User
Building Name: Laurel Manor
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 1/19/2022

Overview / Comments

This three-property package consists of (1) 77,000 sq. ft. building on 4.16 acres, (2) 6,280 sq. ft. freestanding multi-tenant building on 2.84 acres and (3) 2.28 acres of vacant property. This development is ideal for many uses including hotel, senior care, medical, education and much more. I-96 frontage with convenient access to all area freeways.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $117,236 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Southern I-275 Corridor
Tax ID/APN: 075-99-0017-002, 115-002 & 001
Zoning: GENERAL BUSINESS
Property Located Between: Eckles Road
Traffic/Vehicle Count: 137,582
Year Built: 1987
Sprinklers: Other
Heat Source: Heat Pump

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,017 100,067 273,912
Median Age: 45.52 43.75 42.17
Households: 3,758 42,680 113,390

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