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1025 Middlebelt Rd

2,500 SF Retail Building Inkster, MI 48141 $459,000 ($184/SF) 6.37% Cap Rate

Investment Highlights

  • Long-term single tenant that has been operating for nearly 15 years at this same location.
  • Low maintenance with this single tenant property, where the tenant is responsible for operating and maintaining the site.
  • Located on a hard corner, with a light at the intersection.

Executive Summary

1025 Middlebelt Road in Inkster, Michigan is a 2,500 SF Retail/Restaurant Building Located on a hard corner, with a light at the intersection, any investor will take advantage of high visibility and maximize the potential for success. This property offers investors the stability of a long-term single tenant that has been operating for nearly 15 years at this same location. There is very low maintenance with this single tenant property, where the tenant is responsible for operating and maintaining the site, while an investor can enjoy a more hands-off approach.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,500 SF
Building Class
C
Year Built
1978
Price
$459,000
Price Per SF
$184
Cap Rate
6.37%
NOI
$29,218
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial
Parking
16 Spaces (6.4 Spaces per 1,000 SF Leased)
Frontage
159 FT on Middlebelt Rd

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection

Nearby Major Retailers

Chase Bank
Tim Hortons

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
44-005-01-0001-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$75,200
  • Listing ID: 32248175

  • Date on Market: 6/25/2024

  • Last Updated:

  • Address: 1025 Middlebelt Rd, Inkster, MI 48141

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