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14700-14750 Plymouth Rd

29,000 SF 100% Leased Retail Building Detroit, MI 48227 $2,000,000 ($69/SF)

Investment Highlights

  • First floor is a daycare, hair salon, and deli.
  • Located in a heavy trafficked area.
  • Second floor consists of 22 apartments; 20 1 bedroom and 2 2 bedrooms.

Executive Summary

Prime Investment Opportunity – Diverse Commercial Property with Residential Units! Seize the opportunity to own this substantial mixed-use building, encompassing approximately 28,000 sq ft of versatile space in a highly trafficked area. This property boasts of an established daycare center, as well a beauty salon, and a deli (not currently occupied) on the ground floor. Furnishing and equipment included with the purchase; however, the business name is not included. The second level hosts 22 residential units, comprising 20 one-bedroom apartments and 2 two-bedroom apartments, all currently leased on a flexible month-to-month basis, providing the new owner with immediate income and the potential to adjust to market rents. All apartments come with newer windows, newer refrigerators and newer air conditioner units. This property presents an attractive proposition for investors seeking a diversified revenue stream with significant upside potential. Don't miss the chance to expand your portfolio with this promising investment. Please do not approach tenants and employees. Tours are by appointment only.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
29,000 SF
Building Class
C
Year Built/Renovated
1948/2000
Price
$2,000,000
Price Per SF
$69
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.27
Land Acres
0.53 AC
Opportunity Zone
Yes
Zoning
CM
Parking
22 Spaces (0.76 Spaces per 1,000 SF Leased)
Frontage
254 FT on Plymouth Rd

Amenities

  • Bus Line
  • Corner Lot
  • Signalized Intersection

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 22-00602-636
  • 22-00606-973
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$446,200
  • Listing ID: 31261732

  • Date on Market: 3/19/2024

  • Last Updated:

  • Address: 14700-14750 Plymouth Rd, Detroit, MI 48227

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