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    Mixed-use properties

    28375 Sumpter Rd, Sumpter Twp, MI 48164

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    AI-generated overview

    This distressed property, located at 28375 Sumpter Road in Sumpter Township, Wayne County, Michigan (zip code 48164), is offered at $199,000. Currently zoned for multi-family and commercial use, this hospitality property presents a unique investment opportunity. The building, formerly used as a hotel/motel, has been extensively renovated. Interior work includes complete gutting and framing, preparing it for a potential conversion. A previous owner initiated renovations to create a 10-12 room home health care facility, including nurse quarters, nurse stations, and an employee lounge. Significant updates have already been completed, including a new 240-amp electrical system, new copper plumbing, smoke detectors (hardwired), and some new windows. The property also features dual septic tanks with an alarm warning system. Its quiet location offers easy accessibility. This versatile building holds potential for various business ventures, making it an attractive proposition for investors seeking a renovation project with substantial upside. The property is being sold in a distressed condition. Original MLS #50091348.

    Property profile
    Verified
    Property type Mixed-use properties
    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
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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