26300 Michigan AveInkster, MI 48141

Property Details for 26300 Michigan Ave

Year built

1964

Lot size

0.21 AC

Property size (Sq ft)

3,433 SF

Property type

Retail space

APN

44 018 03 0015 000

APU

44018030015000

Description

This exceptional commercial property, located at 26300 Michigan Avenue, Inkster, Michigan 48141, presents a unique investment opportunity. The single-story building, constructed in 1964, offers a total of 3,500 square feet of versatile space, ideally suited for a variety of retail uses. The property's zoning is Commercial, and it sits on a 0.21-acre lot, providing ample space for parking and potential expansion. The building's configuration includes warehouse, office, and showroom areas, offering flexibility for diverse business needs. Its location on Michigan Avenue ensures high visibility and accessibility, benefiting from significant traffic flow. The property's address is further identified by its cross streets, Fairbairn Street and Michigan Avenue. The Wayne County property features a single tenancy and is identified by APN 44018030015000. This is a rare chance to acquire a well-positioned retail space with significant potential in a thriving commercial area. All dimensions are approximate and should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $863,902

  6.5%

  $797,448

  7%

  $740,487

• Comparable approach

  Method

  Valuation

  Relative Method

  $809,230

  Geo Method

  $809,230

• Alternative Use

  Use

  Valuation

  Residential

  $672,677

  Hospitality

  $616,168

  Educational

  $512,645

  Medical

  $530,276

  Retail

  $797,448

Location Insight

City

Inkster

County

Wayne

State

Michigan

Latitude

42.2964

Longitude

-83.2974

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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