Property profile

18585 Allen Rd Melvindale, MI 48122

OFF-MARKET
Individual retail properties
Property ID
US43-4247313
3,200 SF 0.18 ac lot
Individually Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Individual retail properties
Use group LAUNDROMAT (SELF-SERVICE)
Total area 3,200 SF
Lot 0.18 ac (7,841 SF)
Zoning code R1 1 FA
APN 47 010 03 0080 001
UPID US43-4247313

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store

Location

18585 Allen Rd Melvindale, MI 48122-1515
Melvindale metro Census 578600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$160k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$160k

Owner & transaction history

since 2024
Last sale
$161,200
5 recorded transactions
2024
$161,200
2024
$175,600
2024
Price N/A
2023
$17,366
2022
$17,366

Zoning & alternative use

R1 1 FA · Melvindale, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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