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$ 350,000
Est. payment /mo
Active
20650 Fenkell Avenue Detroit, MI 48223
7,679 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 7,679 sqft
Price per Sqft $45
Subdivision Mi
MLS Listing ID 60959583
Annual Tax Amount $10,908
Lot Size 0.710 Acres
Acres 0.71
Lot Dimensions 191 x 162
Property Sub-Type Commercial/Industrial
Property Description
EXCELLENT OPPORTUNITY TO OWN A SPACIOUS 8,000 SQ FT COMMERCIAL BUILDING LOCATED IN DETROIT'S WEST SIDE FENKELL CORRIDOR. THE PROPERTY OFFERS GREAT VISIBILITY AND FRONTAGE ALONG A MAJOR THOROUGHFARE WITH CONSISTENT TRAFFIC AND LONG-TERM REDEVELOPMENT POTENTIAL. IT IS RIGHT ACROSS FROM A POST OFFICE. OPEN LAYOUT IDEAL FOR RETAIL, STORAGE, WAREHOUSE, OR LIGHT INDUSTRIAL USES. SOLID STRUCTURE. 36 PARKING SPACES. ZONED B-4 - GENERAL RETAIL. MOST RECENT KNOWN BUSINESS. A 2022 REAL-ESTATE LISTING DESCRIBES THE PROPERTY AS A GROCERY STORE WITH: LOTTERY SALES GENERATING ABOUT $50,000.00 ANNUALLY WHICH GIVES A GOOD BASE. A PERFECT OPPORTUNITY FOR AN INVESTOR OR BUSINESS OWNER LOOKING TO RENOVATE AND ADD VALUE IN A GROWING CORRIDOR. RPR GIVES IT A FINANCIAL RISK SCORE OF 217. YOU WILL NEED TO SIGN A WAIVER BEFORE HAVING A SHOWING OF THIS PROPERTY. PLEASE GO TO "DOC'S" AND PULL DOWN A COPY OF THE WAIVER, SIGN, AND EMAIL IT TO ME. YOU WILL ALSO NEED PROOF OF FUNDS. THANK YOU. THIS IS BEING SOLD "AS-IS"
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Roof Type Other-See Remarks
Building
Foundation Slab
Water Public Water
Others
Ownership Private
Energy Description Natural Gas
Financing Cash
Virtual Tour https://www.propertypanorama.com/instaview/nocbor/20251060631
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Listed by Keller Williams Home