Property summary
This exceptional 8,766 square foot mixed-use commercial property in River Rouge, Michigan, presents a unique investment opportunity. Originally a bank, later a doctor's office, this 1923 building boasts 34 rooms (23 downstairs, 11 upstairs), excluding the reception area, and eight restrooms. The spacious layout offers flexibility for various configurations. Intriguing historical features include preserved bank vaults. A sizable basement provides ample storage or expansion potential. The property's prime location across from the post office ensures high visibility. Two included parking lots offer convenience and additional income potential. Zoned for commercial use, this property is ideal for a variety of businesses seeking a historic building with significant space and character in a convenient location. The asking price is $200,000, with a price per square foot of $22.82. This is a rare chance to acquire a substantial property with significant upside in a desirable area of Wayne County.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Medical Clinic
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Medical Group
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Ophthalmologist
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Ophthalmologist
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B1 CEN · River Rouge, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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