For Sale
$1,580,000

8150 Fort StDetroit, MI 48209

High-profit retail, 2,833 sq ft, prime location

Overview

Added:
Dec 11, 2024
Days on market:
121
This exceptional Detroit retail property, located at 8150 W Fort St, offers a lucrative investment opportunity. The 2,833 square foot building sits on a 0.29-acre lot (APN 20001724) and is zoned for commercial use. Built in 1955, the property has undergone significant recent improvements, including a roof replacement six years ago, new electrical panels five years ago, and a furnace replacement four years ago. Currently operating as a thriving business grossing over $900,000 annually with a 30% profit margin, the property includes all necessary equipment for the current operation, including a state-of-the-art Hunter tire balancing machine and a complete line of wholesale tires. The business primarily serves the commercial trucking industry, benefiting from its high-visibility location on W Fort St in Detroit, MI (48209). This turnkey operation presents a rare chance to acquire an established, profitable business with significant upside potential. The asking price is $1,580,000 ($557.71/sq ft).

Highlights

  • $1,580,000 asking price for a 2,833 SF retail building.
  • Located at 8150 W Fort St, Detroit, MI 48209.
  • Features a 0.29-acre lot and is zoned commercial.
  • Built in 1955, with recent renovations including a 6-year-old roof, 5-year-old electrical panels, and a 4-year-old furnace.
  • Currently operates as a thriving business grossing over $900,000 annually with a 30% margin.

Property Details for 8150 Fort St

Property type
Retail properties
Square Feet
2,833 SF
Year Built
1955
Buildings
1
Lot Size (sq. ft)
12,632 SF
Units
1

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.2994389
Longitude
-83.1221121
8150 Fort St, Detroit, Michigan

FAQs

What type of property is this?
Retail property - High-profit retail, 2,833 sq ft, prime location
Where is the retail property located?
The property is located at 8150 Fort St Detroit, MI.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: $1,580,000 asking price for a 2,833 SF retail building.; Located at 8150 W Fort St, Detroit, MI 48209.; Features a 0.29-acre lot and is zoned commercial.
How can I contact the broker?
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8150 Fort St
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