Colonial Corners

Retail-Commercial for Sale
Catylist Listing ID: 30713338
Property Subtypes: Street Retail
Building Size (RSF): 5,600 SF
Sale Price: $795,000
Unit Price: $141.96 PSF
Property Use Type: Investment
Building Name: Colonial Corners
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 4/13/2021

Overview / Comments

This well maintained multi-tenant retail and office building is located between Northville and Plymouth at the intersection of Five Mile Road and Schoolcraft. This fully leased building is comprised of 5 units ranging in size from 500 square feet to 1600 square feet.

This is an ideal opportunity for an Owner/ User to purchase. All tenants are on month to month leases and have a desire to stay in place.

The building is priced well below replacement value.

Call the Broker for additional details. Please do not disturb the tenants.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Southern I-275 Corridor
Tax ID/APN: 78-017-03-0025-309
Zoning: COMMERCIAL
Year Built: 1988
Total Parking Spaces: 31
Lot Frontage: 164
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,534 72,686 223,369
Median Age: 43.99 45.01 42.73
Households: 2,977 31,201 92,265

Contact

Photograph of Listing Agent

Terrance W. Bixler

ROC REAL ESTATE CPIX Member
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