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    26095 6 Mile Rd Redford Charter Township, MI 48240

    Sponsored
    For Sale
    $799,999

    Redford Twp, MI: High-Potential Investment

    Property size:
    6,225 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This freestanding, 6-unit commercial building presents a compelling investment opportunity in Redford Charter Township, Michigan. Spanning 6,225 square feet, the property boasts a mix of medical and traditional office spaces, currently with four long-term tenants occupying 67% of the building. Two units are recently vacated, allowing for immediate value-add potential through renovations. Built in 1968 and extensively renovated in 2024, the building features four HVAC units (replaced in 2012) and a roof replaced in 2017 down to the metal decking. The property sits on a 0.33-acre lot with ample parking (16 spaces) front and back, and benefits from prominent building signage. The current Net Operating Income (NOI) is $23,671, with a pro-forma NOI of $92,829 reflecting the potential after lease-up and renovations. The asking price is $799,999, representing a current cap rate of 2.96% and a pro-forma cap rate of 11.60%. The property is zoned C-1 and offers a price per unit of $133,333.17. This multi-tenant building offers a blend of immediate income and significant upside potential for a savvy investor. The occupancy date for full occupancy is projected for July 24, 2024.

    Property Features for 26095 6 Mile Rd

    General Information

    Property type
    Medical offices
    Square Feet
    6,225 SF
    Class
    C
    Lot Size
    14,375 SF

    Building Details

    Year Built/Renovated
    1968/2024
    Buildings
    1
    Units
    6

    HighLights

    • 6‑unit commercial building in Redford Charter Township, MI, totaling 6,225 square feet.
    • Currently 67% occupied with four long‑term tenants; two vacant units offer immediate value‑add potential.
    • Extensive 2024 renovations; 1968 construction with HVAC (2012) and roof (2017) replacements.
    • 0.33‑acre lot with 16 parking spaces and prominent signage.
    • $799,999 asking price; current NOI $23,671, pro‑forma NOI $92,829; current cap rate 2.96%, pro‑forma cap rate 11.60%.
    • C‑1 zoning; $133,333 price per unit; projected full occupancy July 24, 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Redford Charter Township
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2999611
    Latitude
    42.4136133

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    FAQs

    What type of property is this?
    Medical office - Redford Twp, MI: High-Potential Investment
    Where is this medical office located?
    The property is located at 26095 6 Mile Rd Redford Charter Township, MI.
    What is the asking price?
    The asking price for this property is $799,999.
    What are key features of this property?
    This property features: 6-unit commercial building in Redford Charter Township, MI, totaling 6,225 square feet.; Currently 67% occupied with four long-term tenants; two vacant units offer immediate value-add potential.; Extensive 2024 renovations; 1968 construction with HVAC (2012) and roof (2017) replacements.
    Request Owner's contact information
    26095 6 Mile Rd Redford Charter Township, MI 48240
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    Redford Charter Township, MI 48240
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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
    26095 6 Mile Rd Redford Charter Township, MI 48240
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