27105 Shiawassee RdSouthfield, MI 48033

Property Details for 27105 Shiawassee Rd

Year built

1946

Lot size

0.12 AC

Property size (Sq ft)

1,200 SF

Zone code

R-1

Property type

Grocery and convenience stores

APN

76-24-31-303-007

APU

762431303007

Description

This 1,200 square foot industrial property, located at 27105 SHIAWASSEE in Southfield, MI, presents a unique investment opportunity. Situated on a 0.12-acre lot, the property currently operates as a well-established convenience store within a residentially zoned area, benefiting from a grandfathered status. The business enjoys strong local demand, averaging $12,000 in monthly sales. The existing customer base demonstrates a significant need for beer and wine sales, presenting a clear path for revenue expansion with the addition of the appropriate licensing. This turnkey operation offers immediate income generation and substantial potential for future growth through strategic enhancements and the addition of beer and wine sales. The property's location within a residential area ensures a consistent customer base, minimizing reliance on external traffic. This is a rare chance to acquire a profitable business with significant upside in a desirable location. The property is priced at $219,900 and offers a compelling return on investment for the right buyer. The existing infrastructure provides a solid foundation for continued success, allowing for immediate revenue generation and the opportunity to capitalize on the high demand for expanded product offerings. This is a truly exceptional opportunity for an investor seeking a strong, established business with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $301,976

  6.5%

  $278,747

  7%

  $258,836

• Comparable approach

  Method

  Valuation

  Relative Method

  $282,865

  Geo Method

  $282,865

• Alternative Use

  Use

  Valuation

  Residential

  $235,133

  Hospitality

  $215,381

  Educational

  $179,194

  Medical

  $185,357

  Retail

  $278,747

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.4487

Longitude

-83.3136

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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