11122 Hayes Street, Detroit, MI 48213

Listing agent George Jarrous License #434076

Listing office CENTURY 21 Curran & Oberski Dearborn Heights

Listing date Nov 20, 2024

Source Crexi

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Overview

This retail strip center is situated on over half an acre and comprises 8 units, with 7 currently leased. The property generates a gross annual rental income of $84,000, equating to $7,000 per month. The tenant mix includes a barbershop, a beauty studio (leased by room), and a daycare center occupying two units. One unit is currently vacant and is a fully equipped restaurant space ready for occupancy or lease. The property features a front parking lot and a fenced side lot, providing ample off-street parking. This property presents an investment opportunity with steady cash flow and additional upside potential. The property size is 8850 square feet.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

Location Insight

• Map
• Local Demand

City

Detroit

County

Wayne

State

Michigan

Longitude

-82.9645355

Latitude

42.4172178

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FAQs

What type of property is this?

Strip mall - Cash-flowing retail strip center with restaurant space and upside potential.

Where is this strip mall located?

The property is located at 11122 Hayes Street Detroit, MI.

What is the asking price?

The asking price for this property is $590,000.

What are key features of this property?

This property features: Steady cash flow of $7,000/month ($84,000 yearly) from 7 leased units.; Fully equipped restaurant space available for immediate occupancy or lease.; Strong tenant mix including barbershop, beauty studio, and daycare center.