18800 Dix Rd Melvindale, MI 48122-1816
Property profile & analytics
18800 Dix Rd Melvindale, MI 48122-1816
- Grocery and convenience stores
- 6,591 SF
- 0.39 lot acres
Property ID
US43-5285559
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Tomboy's Liquor Store / Department Store
- Krispy Krunchy Chicken / Restaurant
- Tomboy's Grille / Take-out & Catering
Property Details for 18800 Dix Rd
- Lot size
- 0.39 lot acres
- Property size
- 6,591 SF
- Zone code
- R1 1 FA
- Property type
- Grocery and convenience stores
- APN
- 47 003 02 0209 001
- APU
- 47003020209001
Description
This exceptional investment opportunity presents a thriving liquor and beer store located at 18800 Dix Road, Melvindale, MI. The property sits on a 0.39-acre lot and includes a fully equipped kitchen, adding significant versatility to the existing business model. The store's consistent profitability is underscored by its impressive track record of winning prestigious awards for outstanding lottery sales performance over several consecutive years. This demonstrates a strong customer base and a proven business model with high revenue potential. The substantial parking lot ensures ample space for customer convenience and ease of access. The asking price for this turnkey operation is $950,000. This represents a rare chance to acquire an established, award-winning business with a proven history of success in a desirable location. The property's existing infrastructure and strong sales history minimize the risk associated with new ventures, making this an attractive proposition for experienced investors seeking a high-return investment. Detailed financial records are available upon request to qualified buyers. This is a truly exceptional opportunity to own a profitable and established business in a prime location. Serious inquiries only.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $507,000
- AI Estimate
- $507,000
Market price range: $231k - $818kMarket price range: $231k - $818k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $500,000 Current use
- COMMERCIAL (GENERAL)
- $725,000 Change: +44% Conversion: Easy
- RESTAURANT
- $680,000 Change: +36% Conversion: Easy
- OFFICE BUILDING
- $640,000 Change: +28% Conversion: Easy
- MEDICAL BUILDING
- $620,000 Change: +24% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $525,000 Change: +4% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $475,000 Change: -6% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Melvindale
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1776
- Latitude
- 42.2733
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,830
$0.00
$0.00
$160,200
-
$0.00
$0.00
$320,400
