51300 Huron Riv DrVan Buren Charter Township, MI 48111

Property Details for 51300 Huron Riv Dr

Lot size

1.72 AC

Property size (Sq ft)

7,500 SF

Zone code

C1 GEN

Property type

Auto shops

APN

83 075 99 0006 701

APU

83075990006701

Description

This exceptional 2,000 square foot retail space is located at 51300 W Huron River Dr in Van Buren Charter Township, Michigan, zip code 48111. The property is zoned C1 GEN and features a single tenancy. The entire 2,000 square feet is currently vacant, offering a blank canvas for a new business. The building description notes the presence of two garages, adding significant potential for storage or additional workspace. This property is ideally suited for a variety of retail, office, or service-based businesses. Its modern design and prominent location offer excellent visibility and accessibility, ensuring high traffic and customer exposure. The customizable layout allows for flexible adaptation to specific business needs. The ample parking available further enhances the convenience and appeal of this location for both employees and customers. This is a rare opportunity to secure a substantial and versatile commercial space in a desirable Michigan location. The property's strategic placement ensures easy access for clients and employees alike, contributing to a thriving business environment. Don't miss this chance to establish your business in this prime commercial space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,887,347

  6.5%

  $1,742,166

  7%

  $1,617,726

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,767,906

  Geo Method

  $1,767,906

• Alternative Use

  Use

  Valuation

  Residential

  $1,469,583

  Hospitality

  $1,346,130

  Educational

  $1,119,964

  Medical

  $1,158,482

  Retail

  $1,742,166

Location Insight

City

Van Buren Township

County

Wayne

State

Michigan

Latitude

42.2043

Longitude

-83.5423

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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