3781 High St Ecorse, MI 48229-1658
- Auto shops
- 3,306 SF
- 0.20 lot acres
Current Use by Public Records
- Auto shops
Property Details for 3781 High St
- Year built
- 1946
- Lot size
- 0.20 lot acres
- Property size
- 3,306 SF
- Property type
- Auto shops
- APN
- 34-005-02-0022-000
- APU
- 34005020022000
Description
This exceptional investment opportunity presents a 3,306 square foot retail building located at 3781 High Street in River Rouge, Michigan, within Wayne County (zip code 48229). The property, built in 1946, sits on a 0.2-acre lot and boasts a single story design. Currently operating as a thriving dumpster business with 18 years of continuous operation, the sale includes the building, 60 roll-off dumpsters, and all necessary equipment for continued operation. The building features four garage doors, providing ample access for efficient operations. The property is zoned for Commercial and Light Industrial use, offering flexibility for future endeavors. With 100% occupancy and a compelling asking price of $1,100,000, this translates to a price per square foot of $332.73 and an attractive 18.90% capitalization rate. A detailed equipment list is available upon request. This is a rare chance to acquire a well-established, profitable business with significant upside potential. The property's strong cash flow and prime location make it an ideal addition to any investment portfolio. This NNN lease property offers a single tenancy.
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
- Ecorse
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1419
- Latitude
- 42.258
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
