18585 Allen RdMelvindale, MI 48122

Property Details for 18585 Allen Rd

Lot size

0.18 AC

Property size (Sq ft)

3,200 SF

Zone code

R1 1 FA

Property type

Individual retail properties

APN

47 010 03 0080 001

APU

47010030080001

Description

This exceptional commercial property, located at 18585 Allen Road in the heart of Melvindale, Michigan, presents a fantastic investment opportunity. The building offers approximately 3000 square feet of versatile commercial space, ideally suited for a variety of businesses. The layout is designed with two distinct spaces, providing flexibility for multiple tenants or a single occupant requiring separate areas. This allows for diverse operational needs and potential for increased revenue streams. A significant advantage is the ample parking available on-site, ensuring convenient access for customers and employees. The property sits on a 0.18-acre lot, providing sufficient space for the building and parking area. The asking price for this well-situated commercial building is $279,900. This represents a compelling opportunity to acquire a substantial commercial property in a thriving Melvindale location. The building's size and layout, combined with the ample parking, make it an attractive option for businesses seeking a prominent presence in this dynamic area. Its strategic location within Melvindale offers excellent visibility and accessibility, making it an ideal choice for a wide range of commercial ventures. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Don't miss this chance to own a valuable piece of Melvindale's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $978,363

  6.5%

  $903,105

  7%

  $838,597

• Comparable approach

  Method

  Valuation

  Relative Method

  $754,307

  Geo Method

  $754,307

• Alternative Use

  Use

  Valuation

  Residential

  $761,802

  Hospitality

  $697,807

  Educational

  $580,567

  Medical

  $600,534

  Retail

  $903,105

Location Insight

City

Melvindale

County

Wayne

State

Michigan

Latitude

42.2804

Longitude

-83.1893

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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