1400-1412 Biddle St | Wyandotte, MI 48192
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1400-1412 Biddle St
Wyandotte, MI 48192
Office Property For Sale
EXECUTIVE SUMMARY
5 unit mixed used building is perfect for an owner user, as well as an investment property. Sitting on almost half an acre, with 3 office spaces in the lower level, (2) 1BR apartments on the second floor (additional 1,717sf). Total of 2 of the 5 units are occupied leaving 2 commercial units available to rent; one for $1,600 per month and the other for $1,800 per month, 1 residential unit for $1,000 per month. 1 commercial ($1,300) and 1 residential ($950) are currently occupied, resident is month to month and lease can be extended after closing or can end at closing. With a 10% potential cap rate and less than 20 years old, the opportunity of this property has yet to be maximized. Located in the heart of Wyandotte
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
6,230 SF
Building Class
B
Year Built
2000
Price
$550,000
Price Per SF
$88
Percent Leased
26%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,500 SF
Slab To Slab
11’
Building FAR
0.26
Lot Size
0.56 AC
Zoning
B-2 - General Business District
Parking
25 Spaces (2.78 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Signage
- Kitchen
- Central Heating
- High Ceilings
- Reception
- Wi-Fi
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $335,100 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$335,100
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