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    5536 Michigan Ave Detroit, MI 48210

    Sponsored
    For Sale
    $550,000

    8,500 SF, 2 Buildings, High ROI

    Property size:
    8,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 5536 Michigan Ave in Detroit, Michigan, presents a compelling investment opportunity. The 8,500 square foot property sits on a 0.25-acre lot and comprises two buildings, each two stories high. Currently operating as a successful auto repair shop with a reported net monthly income of $10,000-$12,000, this business offers immediate cash flow. The existing auto shop contributes to a strong 25% capitalization rate. Beyond the established business, the property boasts significant redevelopment potential. The remaining 6,000 square feet of space within the mixed-use building offers a blank canvas for expansion or conversion to suit a variety of uses. The property is zoned Commercial, B4, and enjoys a prime location in Southwest Detroit, at a hard corner intersection near Michigan and Junction, minutes from downtown Detroit and the Ford train station. The asking price is $550,000, translating to $64.71 per square foot. This presents a rare chance to acquire a profitable business alongside a substantial redevelopment opportunity in a rapidly growing area. The property's strategic location and diverse zoning make it an ideal investment for both seasoned and emerging investors.

    Property Features for 5536 Michigan Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,500 SF
    Lot Size
    10,890 SF

    Building Details

    Buildings
    2
    Stories
    2

    HighLights

    • Exceptional mixed‑use redevelopment opportunity in Southwest Detroit.
    • Prime location with high growth potential.
    • Significant upside for value‑add investors.
    • Flexible zoning allows for diverse development options.
    • Strong tenant demand in the area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lozano's Auto Repair Shop

    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
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.111859856054
    Latitude
    42.331236330833

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    FAQs

    What type of property is this?
    Individual retail property - 8,500 SF, 2 Buildings, High ROI
    Where is this individual retail property located?
    The property is located at 5536 Michigan Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Exceptional mixed-use redevelopment opportunity in Southwest Detroit.; Prime location with high growth potential.; Significant upside for value-add investors.
    Request Owner's contact information
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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
    5536 Michigan Ave Detroit, MI 48210
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