1025 Middlebelt Rd Inkster, MI 48141
- Retail space
- 2,400 SF
- 0.46 lot acres
Current Use by Public Records
- Papa's Pizza / Pizza Restaurant / Barbecue Restaurant
Property Details for 1025 Middlebelt Rd
- Year built
- 1978
- Lot size
- 0.46 lot acres
- Property size
- 2,400 SF
- Property type
- Retail space
- APN
- 44 005 01 0001 001
- APU
- 44005010001001
Description
This exceptional 2,500 square foot retail storefront, located at 1025 Middlebelt Rd in Inkster, Michigan (48141), presents a compelling investment opportunity. Currently occupied by a single tenant, Papa's Pizza, this property boasts a strong track record, having operated successfully at this location for nearly 15 years. The lease commenced January 2nd, 2024, and extends until February 27th, 2027, providing investors with immediate cash flow and long-term stability. The asking price is $459,000, representing a compelling $183.60 per square foot and a 6.36% capitalization rate based on a Net Operating Income (NOI) of $29,218. The property's high-visibility corner location, enhanced by a traffic light at the intersection, ensures maximum exposure and potential for success. With 16 parking spaces available, customer convenience is maximized. The single-tenant structure minimizes maintenance responsibilities, as the tenant is responsible for operating and maintaining the site, offering a hands-off approach for the investor. This is a rare opportunity to acquire a well-established, low-maintenance retail property with significant upside potential in a desirable location.
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
- Inkster
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3296
- Latitude
- 42.3038
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
