This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

914 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

REPAIR SHOP WITH MIXED USE BUILDING: 25% CAP 5536 Michigan Ave

8,447 SF Retail Building Detroit, MI 48210 $550,000 ($65/SF) 25% Cap Rate

Retail Space Michigan Detroit 5536 Michigan Ave, Detroit, MI 48210

Investment Highlights

  • LOCATED ON HARD CORNER 0.25 ACRES
  • REDEVELOPMENT OPPORTUNITY
  • HIGH TRAFFIC AREA
  • BUSINESS GENERATES 120K-140K PER YEAR NET

Executive Summary

Mixed-use building and auto repair shop for sale. Located on a hard corner in prime Southwest Detroit. (Mich and Junction) Minutes from downtown Detroit and the Ford train station. Auto repair business is operating and has net sales of 10-12 K per month take home. That’s a 25% CAP RATE. The mixed-use building has two levels and needs to be built out. 6000 ft.².
Great opportunity with this business and the mixed-use building.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,447 SF
Building Class
C
Year Built
1940
Price
$550,000
Price Per SF
$65
Cap Rate
25%
NOI
$137,500
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.78
Land Acres
0.25 AC
Zoning
B4 - General Business District
Parking
5 Spaces
1 of 1
Bike Score ®
Very Bikeable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 16-0017214 Improvements Assessment $0
Land Assessment $0 Total Assessment $121,000

PROPERTY TAXES

Parcel Number
16-0017214
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$121,000
(313) 451-0202

  • Listing ID: 30808880

  • Date on Market: 1/29/2024

  • Last Updated:

  • Address: 5536 Michigan Ave, Detroit, MI 48210

More public record information on 5536 Michigan Ave, Detroit, MI 48210

The Retail Property at 5536 Michigan Ave, Detroit, MI 48210 is currently available For Sale. Contact ARG AMERICAN REALTY GROUP for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/11
5536 Michigan Ave, Detroit, MI for sale Building Photo- Image 1 of 11
IMG_5290
5536 Michigan Ave, Detroit, MI for sale Building Photo- Image 2 of 11
IMG_5292
5536 Michigan Ave, Detroit, MI for sale Building Photo- Image 3 of 11
3
5536 Michigan Ave, Detroit, MI for sale Building Photo- Image 4 of 11
IMG_5294
5536 Michigan Ave, Detroit, MI for sale Building Photo- Image 5 of 11
IMG_5295
5536 Michigan Ave, Detroit, MI for sale Building Photo- Image 6 of 11
IMG_5301
5536 Michigan Ave, Detroit, MI for sale Building Photo- Image 7 of 11
IMG_5307
5536 Michigan Ave, Detroit, MI for sale Building Photo- Image 8 of 11
IMG_5310
5536 Michigan Ave, Detroit, MI for sale Interior Photo- Image 9 of 11
IMG_4383
5536 Michigan Ave, Detroit, MI for sale Building Photo- Image 10 of 11
IMG_4384

1 of 1

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

REPAIR SHOP WITH MIXED USE BUILDING: 25% CAP | 5536 Michigan Ave
(313) 451-0202 x

REPAIR SHOP WITH MIXED USE BUILDING: 25% CAP | 5536 Michigan Ave

Tarick Salmaci

(313) 451-0202

(313) 451-0202

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link