14700 9 Mile RdEastpointe, MI 48021

Property Details for 14700 9 Mile Rd

Year built

1972

Lot size

0.29 AC

Property size (Sq ft)

600 SF

Zone code

MU2

Property type

Grocery and convenience stores

APN

02-13-36-227-001

APU

21336227001

Description

This exceptional 1,050 square foot industrial property, situated on a sizable 0.3-acre lot in the heart of Eastpointe, Michigan, presents a unique investment opportunity. The building has recently undergone a complete remodel, offering modern amenities and a fresh aesthetic. Its strategic location ensures high visibility and accessibility, contributing to the current thriving business operation within. The property's strong customer base is a testament to its desirable location and the inherent potential for continued success. The building itself is being sold for $700,000. It's important to note that the fixtures, furniture, and equipment (FF&E) are available for separate purchase at an additional cost of $217,000. This presents a flexible acquisition opportunity for buyers, allowing them to tailor their investment to their specific needs and budget. The property's size and location make it ideal for a variety of retail or industrial uses, offering significant potential for growth and return on investment. This is a rare chance to acquire a well-established, remodeled property in a high-demand area. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is ready for immediate occupancy and offers a turnkey solution for a discerning buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $183,443

  6.5%

  $169,332

  7%

  $157,237

• Comparable approach

  Method

  Valuation

  Relative Method

  $141,432

  Geo Method

  $141,432

• Alternative Use

  Use

  Valuation

  Residential

  $142,838

  Hospitality

  $130,839

  Educational

  $108,856

  Medical

  $112,600

  Retail

  $169,332

Location Insight

City

Eastpointe

County

Macomb

State

Michigan

Latitude

42.4642

Longitude

-82.9697

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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