26095 6 Mile RdRedford Charter Township, MI 48240

Property Details for 26095 6 Mile Rd

Year built

1968

Construction

CONCRETE BLOCKS

Lot size

0.33 AC

Property size (Sq ft)

6,225 SF

Property type

Medical offices

Property subtype

Medical centers

APN

79 017 01 1074 000

APU

79017011074000

Description

This exceptional investment opportunity presents a freestanding six-unit commercial building situated on a 0.33-acre lot at 26095 W 6 MILE in Redford, MI. The property boasts a substantial 6,225 square feet of space, currently featuring four units leased to long-term tenants, providing immediate and consistent rental income. Two units are currently vacant, offering significant upside potential for increased revenue through new leases or alternative uses. Ample parking is available, with spaces located both in front and behind the building, ensuring convenient access for tenants and customers. The building's infrastructure is well-maintained, with key improvements including HVAC unit replacements in 2012 and a complete roof replacement in 2017, down to the metal decking. This ensures low maintenance costs and long-term durability. The property's C-1 zoning classification offers a wide range of potential uses and development opportunities, enhancing its investment appeal. Prominent signage is available on the front of the building, providing excellent visibility for tenants and attracting potential customers. This property represents a compelling investment opportunity with strong existing income and significant growth potential. The combination of long-term tenants, vacant units, ample parking, recent upgrades, and flexible zoning makes this an attractive proposition for savvy investors seeking a stable and potentially high-return investment in the Redford commercial real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,065,645

  6.5%

  $983,672

  7%

  $913,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $582,286

  Geo Method

  $582,286

• Alternative Use

  Use

  Valuation

  Residential

  $1,219,754

  Hospitality

  $1,117,288

  Educational

  $929,570

  Medical

  $961,540

  Retail

  $1,445,998

Location Insight

City

Redford

County

Wayne

State

Michigan

Latitude

42.4136

Longitude

-83.2997

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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