9607 6 Mile Rd Salem, MI 48175
- Retail properties
- 4,500 SF
- 0.16 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9607 6 Mile Rd
- Year built
- 1876
- Lot size
- 0.16 lot acres
- Property size
- 4,500 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a charming 4,500 square foot retail building situated on a 0.16-acre lot at 9607 Six Mile Road in Northville, Michigan, zip code 48175. Built in 1876, the property is zoned HDC (Hamlet Center District) and boasts a rich history within the vibrant downtown Salem area. The main floor offers 1,800 square feet of prime retail space, currently available for lease to a tenant or owner-occupancy. Adding significant value, the building also includes four multi-family units generating a combined monthly rental income of $3,760. This presents a unique blend of income-producing rental units and a high-potential retail space. The location benefits from significant commercial and residential growth, with a planned technology park just three miles away and a surge in new residential development within a three-mile radius. This prime location on Six Mile Road, between Chubb and Currie Roads, ensures high visibility and accessibility. The asking price for this combined retail and multi-family property is $625,000, offering a compelling return on investment in a rapidly developing area. This is an ideal opportunity for investors seeking a strong cash flow and significant upside potential in a thriving Michigan community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Washtenaw
- State
- Michigan
- Longitude
- -83.5778
- Latitude
- 42.4058
