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24821 5 Mile Road Redford, MI 48239
3,729 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 3,729 sqft
Price per Sqft $134
Subdivision Mi
MLS Listing ID 61002444
Annual Tax Amount $8,282
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 81.1X110
Property Sub-Type Commercial/Industrial
Property Description
Exceptional investment opportunity featuring an 8-unit commercial property comprised of two separate buildings, each containing four fully leased units. 24821 and 24865 5 Mile Rd. This well-maintained asset offers immediate and stable cash flow with 90% occupancy and established tenants in place. The property is strategically configured with two standalone 4-unit buildings, providing operational flexibility, and ease of management. Each unit is designed to accommodate a variety of commercial uses, making the property attractive to a diverse tenant base. With strong rental income, and minimal vacancy risk, this turnkey investment is ideal for investors seeking dependable returns and long-term appreciation potential. New roof added on both buildings in June/26.The property's layout, tenant mix, and income-producing performance make it a valuable addition to any commercial real estate portfolio.
Location
State MI
County Wayne
Area Redford Twp (82031)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Roof Type Asphalt,Other-See Remarks
Building
Foundation Crawl, Slab
Water Public Water, Public Water at Street
Structure Type Brick
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX Team 2000