For Sale
$1,050,000

22440 Plymouth RdDetroit, MI 48239

21-key motel, prime Detroit location, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple motel, located at 22440 Plymouth Rd, Redford Charter Township, MI 48239, presents a compelling investment opportunity. Built in 1952, this single-story, 21-key property sits on a 0.61-acre lot and offers significant upside potential. The motel benefits from its strategic location less than a mile from US Route 24 and within easy reach of Detroit Metropolitan Wayne County Airport (under 15 miles). Its position in the Detroit-Warren-Dearborn MSA, a major economic hub, ensures access to a high-demand market fueled by industries like healthcare, technology, and automotive. Nearby corporate giants such as Ford and General Motors, along with numerous educational institutions (Wayne State University, University of Michigan-Dearborn), and healthcare facilities (Garden City Hospital, Corewell Health Dearborn Hospital) provide a consistent stream of potential guests. Leisure attractions, including Fairlane Town Center, the Henry Ford Museum, and several parks, further enhance the property's appeal. The motel's proximity to major interstates allows for easy access to Detroit, Flint, and Toledo. With potential for operational enhancements and property upgrades, this asset offers significant room to elevate the guest experience, boost occupancy, and increase the average daily rate (ADR). Cosmetic improvements and modernized amenities will leverage the prime location, driving revenue growth and asset appreciation. The asking price is $1,050,000.

Highlights

  • 21-room motel with on-site owner's quarters, ideal for owner-operator.
  • Offered at $1,050,000, presenting significant value-add potential.
  • Opportunity to enhance operations, modernize, and increase revenue by capitalizing on below-market rates.
  • Currently underperforming market, offering upside for increased room revenue.
  • Fee simple ownership, unencumbered by debt or management agreements.

Property Details for 22440 Plymouth Rd

Property type
Hospitality properties, Motels
Year Built
1952
Buildings
1
Stories
1
Lot Size (sq. ft)
26,572 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3716169
Longitude
-83.26097629
22440 Plymouth Rd, Detroit, Michigan

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
22440 Plymouth Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message