27105 Shiawassee Rd Southfield, MI 48033
- Grocery and convenience stores
- 1,200 SF
- 0.12 lot acres
Current Use by Public Records
- Grocery and convenience stores
Property Details for 27105 Shiawassee Rd
- Year built
- 1946
- Lot size
- 0.12 lot acres
- Property size
- 1,200 SF
- Zone code
- R-1
- Property type
- Grocery and convenience stores
- APN
- 76-24-31-303-007
- APU
- 762431303007
Description
This 1,200 square foot industrial property, located at 27105 SHIAWASSEE in Southfield, MI, presents a unique investment opportunity. Situated on a 0.12-acre lot, the property currently operates as a well-established convenience store within a residentially zoned area, benefiting from a grandfathered status. The business enjoys strong local demand, averaging $12,000 in monthly sales. The existing customer base demonstrates a significant need for beer and wine sales, presenting a clear path for revenue expansion with the addition of the appropriate licensing. This turnkey operation offers immediate income generation and substantial potential for future growth through strategic enhancements and the addition of beer and wine sales. The property's location within a residential area ensures a consistent customer base, minimizing reliance on external traffic. This is a rare chance to acquire a profitable business with significant upside in a desirable location. The property is priced at $219,900 and offers a compelling return on investment for the right buyer. The existing infrastructure provides a solid foundation for continued success, allowing for immediate revenue generation and the opportunity to capitalize on the high demand for expanded product offerings. This is a truly exceptional opportunity for an investor seeking a strong, established business with significant growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $65,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $60,000
- 6.5%
- $60,000
- 7%
- $55,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $65,000
- Geo Method
- $70,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $70,000
- Retail
- $75,000
- Mixed-Use
- $60,000
- Hospitality
- $75,000
- Educational
- $75,000
- Residential Income
- $70,000
- Energy
- $75,000
- Income-Based Land
- $70,000
- Food Service
- $65,000
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3136
- Latitude
- 42.4487
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA