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    17485 Dix Rd Melvindale, MI 48122

    Sponsored
    For Sale
    $420,000

    Prime Melvindale Retail Space - $420,000

    Property size:
    3,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail property, located at 17485 Dix Rd in Melvindale, Michigan, presents a compelling investment opportunity. The single-story, 3,360 square foot building sits on a 0.38-acre lot and boasts 20 parking spaces, ensuring ample customer convenience. Built in 1987, the well-maintained structure features a prominent 250-foot frontage on Dix Road, providing excellent visibility and accessibility. The property is zoned C-2, allowing for a variety of retail uses, including, but not limited to, medical offices. The building includes a convenient 8' x 8' overhead door, adding to its versatility. Currently occupied by a tackle shop, the business is available for separate purchase, offering potential buyers the flexibility to continue the existing operation or implement their own vision. The asking price is $420,000, translating to a price per square foot of $50.50. This property offers a rare combination of size, location, and versatility, making it an ideal investment for discerning buyers seeking a strong foothold in the thriving Melvindale market. The property's address is 17485 Dix Rd, Melvindale, MI 48122, within Wayne County.

    Property Features for 17485 Dix Rd

    General Information

    Property type
    Retail properties
    Square Feet
    3,360 SF
    Lot Size
    16,553 SF

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Andy's Tackle Box Fishing Store

    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
    Melvindale
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1706081
    Latitude
    42.2827662

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    FAQs

    What type of property is this?
    Retail property - Prime Melvindale Retail Space - $420,000
    Where is this retail property located?
    The property is located at 17485 Dix Rd Melvindale, MI.
    What is the asking price?
    The asking price for this property is $420,000.
    (248) 799-3177
    Request Owner's contact information
    17485 Dix Rd Melvindale, MI 48122
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    Melvindale, MI 48122
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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
    17485 Dix Rd Melvindale, MI 48122
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