Remarks

Prime Commercial Property with Exceptional Income Potential

Located in the heart of a high-traffic, sought-after area, this well-priced commercial property offers an exceptional investment opportunity with multiple streams of income. Featuring three established, thriving businesses and four fully-leased apartments, this property provides an immediate cash flow with significant potential for growth. **Additional 54 feet of front footage is on 1st Street.

The current businesses are successfully operating, benefiting from the prime location and strong local demand. Additionally, the four residential apartments offer a steady rental income stream, ensuring a diversified investment portfolio.

What sets this property apart is the additional undeveloped space estimating about 1300sf, offering endless possibilities for further expansion. Whether you’re looking to add more rental units, develop commercial spaces, or create unique ventures, the income potential from this property is vast and ripe for intellectual innovation. Basements are huge and dry with plenty of room for storage/inventory.

Key Features:
*Prime commercial location in a high-demand area
*3 established, operating businesses with a proven track record
*4 fully-leased residential apartments with consistent income
*Additional undeveloped space ready for expansion and development
*Strong income diversification with both commercial and residential units
*High foot traffic and visibility, ensuring continued business success

This is a rare opportunity for savvy investors to acquire a property that already generates income while offering tremendous upside potential. Don’t miss out on the chance to capitalize on this prime real estate with the potential for long-term financial growth. Property is currently under a tax incentive through 2028. BATVAD

Details

MLS#: 20250015193
Price: $2,600,000

Style: Real Estate Only
Sq Ft: 16607
Year Built: 1861

County: Wayne
Lot Size: 0.24
Tax Fee: 6962.0

School District: Wyandotte