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    FOR SALE
    Auto shops

    505 Salliotte Rd, Ecorse, MI 48229

    3,900 SF 0.14 ac lot Built 1957
    Individually Owned 18-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1405143
    Property summary
    AI-generated overview

    This exceptional 3,900 square foot industrial building presents a remarkable investment opportunity in Ecorse, Michigan. Located at 505 Salliotte, the property sits on a 0.14-acre lot and is priced at $550,000. All equipment is included in the sale, offering immediate operational capabilities. The versatile space lends itself to a variety of uses, including, but not limited to, a restaurant or event space. The possibilities are truly extensive. A significant advantage is the inclusion of the adjacent lot in the sale, providing ample space for outdoor events or future expansion. This adds considerable value and flexibility to the property. The sale includes a warranty deed and clear title, ensuring a smooth and secure transaction. The buyer is responsible for a $495 transaction fee. The property is currently in operation, so please allow 24 hours' notice for showings. All reasonable offers will be considered. This is a rare chance to acquire a well-equipped industrial building with significant expansion potential in a desirable location. Don't miss this opportunity.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1957
    Total area 3,900 SF
    Lot 0.14 ac (6,098 SF)
    APN 34-002-02-0078-000
    UPID US43-1405143
    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
    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
    Gerald Childress · 18 yrs held
    Gerald Childress
    since 2007
    2 recorded transactions
    2007
    2006
    $24,044
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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