For Sale
$240,000

9606 Shoemaker St Detroit, MI 48213

Prime Detroit location, high traffic, investment potential.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional two-story commercial building in Detroit's vibrant Gratiot Town/Kettering neighborhood presents a unique investment opportunity. The 3,588 square foot building features 2,878 square feet of ground-floor retail space, currently 50% occupied, and a 3-bedroom, 1-bathroom apartment on the upper level requiring some renovations. The property sits on a 0.19-acre lot and is zoned B4. Built in 1959, it offers high visibility due to its location in a high-traffic area, ensuring maximum customer flow. The retail space is currently utilized as a restaurant, and the building can be purchased with the existing business. The apartment presents potential for additional rental income or owner occupancy. The asking price is $240,000, with a land value of $70 per square foot. Financial details are available to serious buyers upon request. This property offers a blend of immediate income potential and long-term appreciation in a rapidly developing area. The property consists of two units.

Highlights

  • Prime Gratiot Town/Kettering location with high foot and vehicle traffic.
  • Two-story building: 2,878 SF of retail space (currently occupied) plus a 3-bedroom/1-bathroom apartment.
  • High traffic counts ensure strong customer flow.
  • Option to purchase with existing business.
  • Residential apartment needs updating, offering value-add potential.
  • Strong growth potential in a developing neighborhood.

Property Details for 9606 Shoemaker St

Property type
Retail properties, Restaurants
Square Feet
3,588 SF
Year Built
1959
Lot Size (sq. ft)
8,276 SF
Units
2

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3892934
Longitude
-83.0041215

FAQs

What type of property is this?
Retail property - Prime Detroit location, high traffic, investment potential.
Where is the retail property located?
The property is located at 9606 Shoemaker St Detroit, MI.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Prime Gratiot Town/Kettering location with high foot and vehicle traffic.; Two-story building: 2,878 SF of retail space (currently occupied) plus a 3-bedroom/1-bathroom apartment.; High traffic counts ensure strong customer flow.
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 access a private listing?
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9606 Shoemaker St
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