25096 5 Mile RdRedford, MI 48239

  • Retail space
  • 4,133 SF
For Sale
$295,000 View listing

Property Details for 25096 5 Mile Rd

Year built
1955
Lot size
0.36 AC
Property size (Sq ft)
4,133 SF
Property type
Retail space
APN
79 015 01 0232 000
APU
79015010232000

Description

This exceptional 4,133 square foot industrial property, situated on a 0.36-acre lot in Redford, Michigan, presents a remarkable investment opportunity. Previously occupied by Floyd's Florist, the building offers a versatile layout suitable for a variety of commercial or retail uses. The main showroom area features an attractive three-door display cooler and counter, perfect for showcasing products or creating a welcoming retail space. A significant advantage is the inclusion of an approximately 11 x 14 foot walk-in cooler located in the warehouse area, adding valuable storage or processing capabilities. The property also boasts a large garage door, accommodating multiple vehicles and offering ample space for storage. Existing storage racks are in place, and additional shelving could easily be added to maximize storage capacity. Alternatively, the floor space can be utilized for more vehicles or equipment. A substantial parking lot provides convenient parking for customers and employees. The property's layout is particularly well-suited for multi-tenant applications, allowing for the operation of a primary business while generating rental income from separate spaces, each with its own entrance. The building's location is another key asset, situated directly next to a city park in a quiet yet highly visible area. The previous owner had begun renovations to convert the space into a daycare in the front and a construction business storage area in the back, providing a potential starting point for future development. The property is being sold in "as-is" condition.

Location Insight

City
Redford
County
Wayne
State
Michigan
Latitude
42.4001
Longitude
-83.2875
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
2019
$7,921
-
-
$129,100
-
-
-
$258,200

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