18585 Allen Rd Melvindale, MI 48122
- Individual retail properties
- 3,200 SF
- 0.18 lot acres
Current Use by Public Records
- Prime Suds Laundromat / Laundry / Laundromat
- Speedy Suds Laundromat / Laundry Service
Property Details for 18585 Allen Rd
- Lot size
- 0.18 lot acres
- Property size
- 3,200 SF
- Zone code
- R1 1 FA
- Property type
- Individual retail properties
- APN
- 47 010 03 0080 001
- APU
- 47010030080001
Description
This exceptional commercial property, located at 18585 Allen Road in the heart of Melvindale, Michigan, presents a fantastic investment opportunity. The building offers approximately 3000 square feet of versatile commercial space, ideally suited for a variety of businesses. The layout is designed with two distinct spaces, providing flexibility for multiple tenants or a single occupant requiring separate areas. This allows for diverse operational needs and potential for increased revenue streams. A significant advantage is the ample parking available on-site, ensuring convenient access for customers and employees. The property sits on a 0.18-acre lot, providing sufficient space for the building and parking area. The asking price for this well-situated commercial building is $279,900. This represents a compelling opportunity to acquire a substantial commercial property in a thriving Melvindale location. The building's size and layout, combined with the ample parking, make it an attractive option for businesses seeking a prominent presence in this dynamic area. Its strategic location within Melvindale offers excellent visibility and accessibility, making it an ideal choice for a wide range of commercial ventures. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Don't miss this chance to own a valuable piece of Melvindale's commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $160,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $180,000
- 6.5%
- $190,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $160,000
- Geo Method
- $160,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $155,000
- Retail
- $150,000
- Mixed-Use
- $190,000
- Hospitality
- $160,000
- Educational
- $160,000
- Residential Income
- $185,000
- Energy
- $175,000
- Income-Based Land
- $195,000
- Food Service
- $190,000
Location Insight
- Map
- Local Demand
- City
- Melvindale
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1893
- Latitude
- 42.2804
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
