Address
4700 Anthony Wayne Drive Detroit, MI
Price
$ 4,199,999
Property Attributes
- ML#2210017048
- TypeCommercial
- CountyWAYNE
- CityDetroit
- AreaDet - Livernois-I75 6-Gd River
- NeighborhoodBUTLERS WM A SUB
- Zip48201
- StyleLiquor/Convenient Store, Restaurant, Pizza Shop, V
- Year Built1950
- Taxes4266
- Price$ 4,199,999
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage13555
- Lot Size9,148 SqFt
Listing Provided Courtesy Of:
Clyde Realty LLC
Data Source:
REALCOMP II LTD.
Property Description
Alexander Real Estate is pleased to present this 13,555 sf Retail Strip Center and Market located in Midtown, Detroit, MI. The property offers 5 Leases, leaving minimal landlord responsibilities. Leases include options to renew remaining, each with a rental rate increase. This opportunity can be classified as Investment Grade. The market is currently open and has been operating successfully since 1971. University Market is highly visible as it is strategically positioned on Anthony Wayne Dr., which sees 14,500 cars per day and enormous foot traffic from Wayne State University. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a "passive" investor to attain fee simple ownership of a rent rolling strip center and market. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenants, the Midtown exposure, and Wayne State University Campus. Sale included 4700 & 4718 Anthony Wayne.
| Price History | |
|---|---|
| 3/28/2021 | Listed $4,199,999 |
General Features
| Business Type | Retail |
|---|---|
| Commercial Type | Business And Real Estate |
| Construction Materials | Brick |
| Cumulative Days on Market | 139 |
| Current Use | Liquor/Convenient Store, Restaurant, Pizza Shop, Vape Shop, Garage |
| Gross Scheduled Income | 2900000.00 |
| Heating | Central Air, Forced Air |
| Listing Agent Public Id | 394137 |
| Net Operating Income | 151460.00 |
| Operating Expense | 28900.00 |
| Originating MLS | Realcomp II Ltd |
| Ownership Status | Private Owned, Short Sale - No |
| Parcel Number | W04I003415S002L |
| Possession | Negotiable |
| Property Type | Commercial |
| School District | Detroit |
| Sewer | Sewer at Street |
| Short Sale | No |
| Status | Active |
| Subdivision Name | BUTLERS WM A SUB (PLATS) |
| Terms Offered | Cash, Conventional |
| Total Sq Ft | 13555 |
| Transaction Type | Sale |
| Year Built | 1950 |
| Zoning | Commercial, Multi-Family, Multiple, Residential |
Interior Features
| Heating Fuel | Natural Gas |
|---|
Exterior Features
| Architecture Level | 2 Story |
|---|---|
| Foundation | Slab |
| Foundation Materials | Poured |
| Frontage Feet | 140 |
| Lot Size Area | 0.21 |
| Lot Size Dimensions | 140.00X125.00 |
| Water Source | Municipal Water |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
IDX provided courtesy of Realcomp II Ltd., via Remerica United Realty and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data is updated as of April 17, 2021 1:16 PM UTC Information deemed reliable but not guaranteed.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd
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