505 Salliotte RdEcorse, MI 48229
- Auto shops
- 3,900 SF
Property Details for 505 Salliotte Rd
- Year built
- 1957
- Lot size
- 0.14 AC
- Property size (Sq ft)
- 3,900 SF
- Property type
- Auto shops
- APN
- 34-002-02-0078-000
- APU
- 34002020078000
Description
This exceptional 3,900 square foot industrial building presents a remarkable investment opportunity in Ecorse, Michigan. Located at 505 Salliotte, the property sits on a 0.14-acre lot and is priced at $550,000. All equipment is included in the sale, offering immediate operational capabilities. The versatile space lends itself to a variety of uses, including, but not limited to, a restaurant or event space. The possibilities are truly extensive. A significant advantage is the inclusion of the adjacent lot in the sale, providing ample space for outdoor events or future expansion. This adds considerable value and flexibility to the property. The sale includes a warranty deed and clear title, ensuring a smooth and secure transaction. The buyer is responsible for a $495 transaction fee. The property is currently in operation, so please allow 24 hours' notice for showings. All reasonable offers will be considered. This is a rare chance to acquire a well-equipped industrial building with significant expansion potential in a desirable location. Don't miss this opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,073,332
- 6.5%
- $990,768
- 7%
- $919,999
-
Comparable approach
- Method
- Valuation
- Relative Method
- $919,311
- Geo Method
- $919,311
-
Alternative Use
- Use
- Valuation
- Residential
- $835,750
- Hospitality
- $765,542
- Educational
- $636,922
- Medical
- $658,827
- Retail
- $990,768
Location Insight
- City
- Ecorse
- County
- Wayne
- State
- Michigan
- Latitude
- 42.2557
- Longitude
- -83.1562
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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