5318 Alter Road, Detroit, MI 48224

Building Details

Year built

1988

Building materials

Block, Brick

Architectural style

Other

Listing agent Shane Parker Show Phone

Listing office S&P Realty b***@sprealtymi.com 2836 W. Jefferson Ste 123, Grosse Pointe Park, MI Show Phone

Listing date May 22, 2025

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MLS# 20251001440 Listing URL

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This commercial building, previously operated as a party store since 1988, is available for purchase. The property is in good condition and compliant with city codes and regulations, presenting a turnkey opportunity. The 2,432 square-foot store includes 15 walk-in cooler doors, a newer rooftop HVAC system, and a newer hot water tank. The roof is seven years old. The sale includes all shelving, countertops, and a new cooling compressor. The parking area has recently been repaved. On-site and street parking are available. The property is zoned for commercial and office use and is located on a 0.12-acre lot. Tenants are currently on a month-to-month lease. The store closed in April 2017 but had been a profitable business for nearly three decades. The property is located in Detroit, MI.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Detroit

County

Wayne

State

Michigan

Longitude

-82.9565086

Latitude

42.4002073

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FAQs

What type of property is this?

Grocery and convenience store - Well-maintained commercial building with a proven track record in a high-traffic area.

Where is this grocery and convenience store located?

The property is located at 5318 Alter Road Detroit, MI.

What is the asking price?

The asking price for this property is $160,000.

What are key features of this property?

This property features: Turnkey commercial building, formerly a successful party store since 1988.; Features **15 walk‑in cooler doors**, ideal for storage and display.; Newer rooftop HVAC system and hot water tank.