12401 Morang AveDetroit, MI 48224

Property Details for 12401 Morang Ave

Year built

1955

Property size (Sq ft)

2,854 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a multi-tenant retail building located at 12401 Morang Avenue in Detroit, Michigan, 48224. The property, boasting 2,854 square feet, is currently occupied by a salon and a photo studio, providing immediate cash flow potential for the new owner. Built in 1955, the building is classified as Class C and is zoned B4, offering flexibility for a variety of commercial uses. The asking price is $119,000, translating to a price per square foot of $41.70. The property's APN is 21076821. This presents a strong value proposition in the Detroit market. The property's location in Wayne County offers convenient access to major transportation routes and a diverse customer base. This is an ideal opportunity for investors seeking a stable, income-generating asset with potential for future appreciation. The existing tenants provide a solid foundation for immediate returns, while the B4 zoning allows for a range of potential future uses and tenant diversification. Serious inquiries are encouraged to explore this promising investment further. Detailed financial information and property disclosures are available upon request.

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.4281

Longitude

-82.9554

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