27412 Michigan AveInkster, MI 48141

Property Details for 27412 Michigan Ave

Year built

1982

Lot size

0.17 AC

Property size (Sq ft)

1,008 SF

Property type

Turn key restaurants

APN

44 007 01 0074 003

APU

44007010074003

Description

This exceptional 1,000-square-foot commercial property, located at 27412 Michigan Ave in Inkster, Michigan (Wayne County, zip code 48141), presents a unique investment opportunity. The single-tenant building boasts a prime location with excellent visibility and frontage on both Michigan Avenue and Inkster Road, ensuring high traffic exposure. The property is categorized as retail, office, and restaurant space, offering versatility for a wide range of businesses. Currently vacant, the entire 1,000 square feet is available for immediate occupancy. The building is a single-story structure, offering convenient access and functionality. Ample parking is available for customers and employees. Previously occupied by a Coney Island restaurant, this adaptable space is ready for its next chapter. Its location in Inkster, Michigan, provides easy access to major transportation routes and a thriving local community. The property's versatility makes it suitable for various uses, from traditional office space to retail or even a restaurant concept. Don't miss this chance to secure a highly visible and functional commercial space in a desirable location. This property is expected to lease or sell quickly.

• CAP approach

  CAP return

  Valuation

  6%

  $253,659

  6.5%

  $234,147

  7%

  $217,422

• Comparable approach

  Method

  Valuation

  Relative Method

  $237,607

  Geo Method

  $237,607

• Alternative Use

  Use

  Valuation

  Residential

  $197,512

  Hospitality

  $180,920

  Educational

  $150,523

  Medical

  $155,700

  Retail

  $234,147

Location Insight

City

Inkster

County

Wayne

State

Michigan

Latitude

42.2945

Longitude

-83.3104

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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