18931 Allen RdMelvindale, MI 48122

  • Specialty properties
  • 3,700 SF
For Sale
$105,000 View listing

Property Details for 18931 Allen Rd

Lot size
0.31 AC
Property size (Sq ft)
3,700 SF
Zone code
R1 1 FA
Property type
Specialty properties
APN
47 010 03 0032 000
APU
47010030032000

Description

This exceptional opportunity presents the chance to acquire a thriving, established wedding and event venue in Melvindale, Michigan. Located at 18931 ALLEN, the business occupies a 3,700 square foot space situated on a 0.31-acre lot. Melvindale Manor is a well-known and respected venue, boasting elegant interiors perfectly suited for hosting a wide range of events, from intimate gatherings to large-scale celebrations. The sale includes the established business only, offering a turnkey operation ready for immediate revenue generation. This includes an existing client base, pre-established vendor relationships, and all necessary amenities to ensure continued success. The business is priced at $105,000, representing a significant opportunity for an entrepreneur seeking to enter or expand within the event and hospitality industry. The property's prime location in Melvindale provides easy access for clients and excellent visibility. This is a rare chance to acquire a profitable, reputable business with significant growth potential. All necessary equipment and operational components are included in the sale, allowing for a seamless transition and immediate commencement of operations. The business is currently operating and has a proven track record of success.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $880,834
    Hospitality
    $806,839
    Educational
    $671,281
    Medical
    $694,367
    Retail
    $1,044,215

Location Insight

City
Melvindale
County
Wayne
State
Michigan
Latitude
42.278
Longitude
-83.1913
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,698
-
-
$82,200
-
-
-
$164,400

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