1406 Biddle StWyandotte, MI 48192

Property Details for 1406 Biddle St

Year built

1920

Lot size

0.40 AC

Property size (Sq ft)

7,948 SF

Property type

Industrial properties

Description

This exceptional mixed-use property in Wyandotte, MI, presents a compelling investment opportunity. The 7,948 square foot building sits on a 0.4-acre lot and features five distinct units, offering a blend of commercial and residential income streams. The ground floor comprises three commercial suites, ideal for medical or professional offices. Suite 1 boasts two bathrooms, five patient rooms with sinks, a break room, and two private offices. Suite 2 includes four patient rooms, one bathroom, one office, and a spacious reception area. Suite 3 offers four large offices, a reception area, a bathroom, and a conference room. Three additional office spaces are located in the lower level. Upstairs, two one-bedroom apartments (1,717 sq ft total) provide residential income. Currently, two commercial units are available for lease, one at $1,600 per month and the other at $185 per month. Three units are currently occupied: one commercial unit at $1,300 per month, and two residential units at $950 and $1,000 per month respectively. Month-to-month leases allow for flexibility post-closing. The building, less than 20 years old, offers significant upside potential with a projected 10-15% capitalization rate. Its central Wyandotte location ensures strong tenant demand and easy access to amenities. This property represents a rare chance to acquire a well-established, high-return investment in a thriving community.

Location Insight

City

Wyandotte

County

Wayne

State

Michigan

Latitude

42.2192

Longitude

-83.1509

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