5318 Alter Rd Detroit, MI 48224
Well-maintained commercial building, formerly a successful party store.
Lot size:
0.12 AcresProperty Features for 5318 Alter Rd
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.12 Acres
Building Details
- Year built
- 1988
Source:
Elliman
Listing Agency: S&P Realty Listing Agent: Shane Parker
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Party Store Commercial Building
This commercial building, previously operated as a party store since 1988, is available for sale. The property is in very good condition and fully compliant with city codes and regulations, presenting a turnkey opportunity. It features 15 walk-in cooler doors, a newer rooftop HVAC system, and a newer hot water tank. The roof is seven years old. The store includes shelving, countertops, and a new cooling compressor. The parking area has recently been repaved. Both on-site and street parking are available. Tenants are currently on a month-to-month lease, providing flexibility for future use. The store closed in April 2017 but had been a profitable business for nearly three decades. The location has the potential to thrive again under new ownership in a high-traffic area.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9565086
- Latitude
- 42.4002073
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Well-maintained commercial building, formerly a successful party store.
Where is this grocery and convenience store located?
The property is located at 5318 Alter Rd 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, ready for immediate operation.; - Includes **15 walk-in cooler doors, shelving, and countertops**.; - Newer rooftop HVAC system, hot water tank, and a 7-year-old roof.
