5318 Alter Road new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48224
Key Details
Property Type Commercial
Sub Type Real Estate Only
Listing Status Active
Purchase Type For Sale
Square Footage 2,432 sqft
Price per Sqft $76
Subdivision Abbott & Beymers Sunderland Park Sub
MLS Listing ID 20251001440
Year Built 1988
Annual Tax Amount $4,023
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40X125.31
Property Sub-Type Real Estate Only
Source Realcomp II Ltd
Property Description
Check out this beautiful commercial building, formerly operated as a successful party store since 1988. The property is in very good condition, fully up to city code and regulations, and offers a turnkey opportunity for the right buyer. It features 15 walk-in cooler doors, a newer rooftop HVAC system, a newer hot water tank, and a roof that's only seven years old. The store also includes all shelving, countertops, a new cooling compressor, and recently repaved blacktop parking. There is both on-site and street parking available. Tenants are currently on a month-to-month lease, offering flexibility for future plans.
The store closed at the end of April 2017 but was a profitable business for nearly three decades. With hard-working new ownership, this location has strong potential to thrive once again. Don't miss this chance to take over a well-maintained property with a proven track record in a high-traffic area.
Location
State MI
County Wayne
Area Det Con-Mors/Grat. Hstn/7 Mack
Zoning Commercial,Office
Direction SOUTH OF 94 ON ALTER CORNER OF SOUTHAMPTON AND ALTER
Exterior
Road Frontage Paved
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Block,Brick
Schools
School District Detroit
Others
Tax ID 21062955
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash,Conventional,Trade/Exchange,Warranty Deed
Listing Terms Cash,Conventional,Trade/Exchange,Warranty Deed
Financing Cash,Conventional,Trade/Exchange,Warranty Deed
Special Listing Condition Full Service