16120 Moross RdDetroit, MI 48205

Property Details for 16120 Moross Rd

Year built

1950

Lot size

0.13 AC

Property size (Sq ft)

4,650 SF

Zone code

B4

Property type

Retail space

APN

21057229-32

APU

2105722932

Description

This exceptional investment opportunity presents a four-unit retail storefront building situated at 16120-16134 Moross Road in Detroit, Michigan, 48205. Built in 1950, this property boasts a prime corner location in a high-traffic area, offering excellent visibility and accessibility. The building comprises four individual storefronts, each featuring attractive glass doors and picture windows, ideal for showcasing merchandise and attracting customers. The zoning is Commercial. Its strategic location provides easy access to the I-94 freeway and the proximity to the Eastland shopping center further enhances its appeal to potential tenants and customers. The property's location borders the cities of East Point and Harper Woods, offering a diverse customer base. This income-producing property is priced at $350,000 and represents a compelling investment opportunity for savvy business owners and investors seeking a well-positioned retail asset in a thriving area. The property includes addresses 16120, 16124, 16130, and 16134 Moross Road.

• CAP approach

  CAP return

  Valuation

  6%

  $1,421,684

  6.5%

  $1,312,324

  7%

  $1,218,586

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,096,102

  Geo Method

  $1,096,102

• Alternative Use

  Use

  Valuation

  Residential

  $1,106,994

  Hospitality

  $1,014,001

  Educational

  $843,637

  Medical

  $872,651

  Retail

  $1,312,324

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.4345

Longitude

-82.9536

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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