Prime Commercial Property with Exceptional Income PotentialA;A;Located in the heart of a high-traffic, sought-after area, this well-priced commercial property offers an exceptional investment opportunity with multiple streams of income. Featuring three established, thriving businesses and four fully-leased apartments, this property provides an immediate cash flow with significant potential for growth.… Read More **Additional 54 feet of front footage is on 1st Street. A;A;The current businesses are successfully operating, benefiting from the prime location and strong local demand. Additionally, the four residential apartments offer a steady rental income stream, ensuring a diversified investment portfolio.A;A;What sets this property apart is the additional undeveloped space estimating about 1300sf, offering endless possibilities for further expansion. Whether you're looking to add more rental units, develop commercial spaces, or create unique ventures, the income potential from this property is vast and ripe for intellectual innovation. Basements are huge and dry with plenty of room for storage/inventory.A;A;Key Features:A;*Prime commercial location in a high-demand areaA;*3 established, operating businesses with a proven track recordA;*4 fully-leased residential apartments with consistent incomeA;*Additional undeveloped space ready for expansion and developmentA;*Strong income diversification with both commercial and residential unitsA;*High foot traffic and visibility, ensuring continued business successA;A;This is a rare opportunity for savvy investors to acquire a property that already generates income while offering tremendous upside potential. Don't miss out on the chance to capitalize on this prime real estate with the potential for long-term financial growth. Property is currently under a tax incentive through 2028. BATVAD Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Four Seasons Realty Dan Berry Group, 734-561-1000.
Listing Snapshot
Days Online
16
Last Updated
Property Type
Commercial
Square Ft.
16,607
Lot Size
0.24 Acres
Year Built
1861
MLS Number
20250015193
30 Days Snapshot Of 48192
$153k
-4%
(avg) sold price
20
+5%
homes sold
58
+28%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Building
Built in 1861, 16,607 total square feet, 16,607 main square feet, Unit count: 0, 3 two-bedroom units, 1 three-bedroom unit, Brick, Wood
Foundation
Basement
Water Features
Natural Gas, Public (Municipal)
Heating
Central Air, Forced Air
Lot
Lot size area: 0.24, Lot size dimensions: 75X142
Miscellaneous
Gross scheduled income: $0, Net operating income: $0, Operating expense: $0, Medical, Office, Residential, Retail, Real Estate Only
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