4852 Beech Daly StDearborn Heights, MI 48125

Property Details for 4852 Beech Daly St

Year built

1960

Lot size

0.14 AC

Property size (Sq ft)

1,200 SF

Property type

Individual retail properties

APN

33 040 02 0016 000

APU

33040020016000

Description

This exceptional investment opportunity presents a well-established coin laundromat in Dearborn Heights, Michigan. Priced at $325,000, this turnkey business includes the building and all equipment, offering immediate income potential. The 1,200 square foot, single-story building, constructed in 1960, sits on a sizable 10,000 square foot lot encompassing a parking area and two vacant lots, providing significant expansion potential. The laundromat boasts newer equipment, including 27 washers and 12 dryers. Its convenient location backs onto residential properties, making it ideally suited for a variety of retail operations. The property is zoned commercial and is being sold as a cash purchase only. The current owner is retiring after over two decades of successful operation. All measurements should be independently verified by the buyer. Showings are strictly by appointment. This is a rare opportunity to acquire a profitable business with significant growth potential in a desirable location.

• 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

Dearborn Heights

County

Wayne

State

Michigan

Latitude

42.2744

Longitude

-83.2901

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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