25413 5 Mile RdRedford Charter Township, MI 48239

Property Details for 25413 5 Mile Rd

Year built

1946

Construction

CONCRETE BLOCKS

Lot size

0.05 AC

Property size (Sq ft)

2,000 SF

Property type

Retail space

APN

79 026 02 0192 000

APU

79026020192000

Description

This exceptional 2,000 square foot storefront, located at 25413 Five Mile Road in Redford Charter Township, Michigan, presents a unique investment opportunity. Priced at $195,000 ($97.50 per square foot), this property boasts a prime location within Wayne County, offering excellent visibility and accessibility. Previously operating as a fully furnished restaurant, the space comes complete with all necessary restaurant equipment, making it an ideal turnkey solution for a food-related business. The building's 2,000 square feet provide ample space for a variety of culinary ventures, from casual dining to catering operations. The property's address is 25413 Five Mile Road, Redford Charter Township, MI 48239. Its convenient location within a bustling area ensures high foot traffic and potential for significant customer reach. This fully equipped space eliminates the need for extensive upfront investment in equipment and furnishings, allowing for a quicker start-up and immediate revenue generation. The property is ready for immediate occupancy and represents a compelling opportunity for entrepreneurs seeking a well-established and equipped commercial space. Serious inquiries are encouraged to explore this promising investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $503,293

  6.5%

  $464,578

  7%

  $431,394

• Comparable approach

  Method

  Valuation

  Relative Method

  $471,442

  Geo Method

  $471,442

• Alternative Use

  Use

  Valuation

  Residential

  $391,889

  Hospitality

  $358,968

  Educational

  $298,657

  Medical

  $308,928

  Retail

  $464,578

Location Insight

City

Redford

County

Wayne

State

Michigan

Latitude

42.3994

Longitude

-83.2925

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].