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    OFF-MARKET
    Individual retail properties

    18585 Allen Rd, Melvindale, MI 48122-1515

    3,200 SF 0.18 ac lot
    Individually Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US43-4247313
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 18585 Allen Road in the heart of Melvindale, Michigan, presents a fantastic investment opportunity. The building offers approximately 3000 square feet of versatile commercial space, ideally suited for a variety of businesses. The layout is designed with two distinct spaces, providing flexibility for multiple tenants or a single occupant requiring separate areas. This allows for diverse operational needs and potential for increased revenue streams. A significant advantage is the ample parking available on-site, ensuring convenient access for customers and employees. The property sits on a 0.18-acre lot, providing sufficient space for the building and parking area. The asking price for this well-situated commercial building is $279,900. This represents a compelling opportunity to acquire a substantial commercial property in a thriving Melvindale location. The building's size and layout, combined with the ample parking, make it an attractive option for businesses seeking a prominent presence in this dynamic area. Its strategic location within Melvindale offers excellent visibility and accessibility, making it an ideal choice for a wide range of commercial ventures. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Don't miss this chance to own a valuable piece of Melvindale's commercial landscape.

    Property profile
    Verified
    Property type Individual retail properties
    Use group LAUNDROMAT (SELF-SERVICE)
    Total area 3,200 SF
    Lot 0.18 ac (7,841 SF)
    Zoning code R1 1 FA
    APN 47 010 03 0080 001
    UPID US43-4247313
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Prime Suds Laundromat (Bike/Boat/Book/etc) Store
    • Speedy Suds Laundromat (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Ahmed Ali · 2 yrs held
    Ahmed Ali
    since 2024
    Last sale
    $161,200
    5 recorded transactions
    2024
    $161,200
    2024
    $175,600
    2024
    2023
    $17,366
    2022
    $17,366
    Zoning & alternative use
    R1 1 FA · Melvindale, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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