5536 Michigan AveDetroit, MI 48210

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.