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    1406 Biddle St Wyandotte, MI 48192

    Sponsored
    For Sale
    $555,000

    High-yield, multi-unit building in prime location.

    Property size:
    7,948 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional mixed-use property in Wyandotte, MI, presents a compelling investment opportunity. The 7,948 square foot building sits on a 0.4-acre lot and features five distinct units, offering a blend of commercial and residential income streams. The ground floor comprises three commercial suites, ideal for medical or professional offices. Suite 1 boasts two bathrooms, five patient rooms with sinks, a break room, and two private offices. Suite 2 includes four patient rooms, one bathroom, one office, and a spacious reception area. Suite 3 offers four large offices, a reception area, a bathroom, and a conference room. Three additional office spaces are located in the lower level. Upstairs, two one-bedroom apartments (1,717 sq ft total) provide residential income. Currently, two commercial units are available for lease, one at $1,600 per month and the other at $185 per month. Three units are currently occupied: one commercial unit at $1,300 per month, and two residential units at $950 and $1,000 per month respectively. Month-to-month leases allow for flexibility post-closing. The building, less than 20 years old, offers significant upside potential with a projected 10-15% capitalization rate. Its central Wyandotte location ensures strong tenant demand and easy access to amenities. This property represents a rare chance to acquire a well-established, high-return investment in a thriving community.

    Property Features for 1406 Biddle St

    General Information

    Property type
    Industrial properties
    Square Feet
    7,948 SF
    Lot Size
    17,424 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    Wyandotte
    County
    Wayne
    State
    Michigan
    Longitude
    -83.15086
    Latitude
    42.2192

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    FAQs

    What type of property is this?
    Industrial property - High-yield, multi-unit building in prime location.
    Where is this industrial property located?
    The property is located at 1406 Biddle St Wyandotte, MI.
    What is the asking price?
    The asking price for this property is $555,000.
    (248) 360-2900
    Request Owner's contact information
    1406 Biddle St Wyandotte, MI 48192
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1406 Biddle St Wyandotte, MI 48192
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