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Property profile & analytics
OFF-MARKET
Auto shops

505 Salliotte Rd Ecorse, MI 48229-1271

3,900 SF 0.14 ac lot Built 1957
Individually Owned 19-yr Hold Absentee Owner Free & Clear
Property ID
US43-1405143
Property summary
AI-generated overview

This exceptional 3,900 square foot industrial building presents a remarkable investment opportunity in Ecorse, Michigan. Located at 505 Salliotte, the property sits on a 0.14-acre lot and is priced at $550,000. All equipment is included in the sale, offering immediate operational capabilities. The versatile space lends itself to a variety of uses, including, but not limited to, a restaurant or event space. The possibilities are truly extensive. A significant advantage is the inclusion of the adjacent lot in the sale, providing ample space for outdoor events or future expansion. This adds considerable value and flexibility to the property. The sale includes a warranty deed and clear title, ensuring a smooth and secure transaction. The buyer is responsible for a $495 transaction fee. The property is currently in operation, so please allow 24 hours' notice for showings. All reasonable offers will be considered. This is a rare chance to acquire a well-equipped industrial building with significant expansion potential in a desirable location. Don't miss this opportunity.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1957
Total area 3,900 SF
Lot 0.14 ac (6,098 SF)
APN 34-002-02-0078-000
UPID US43-1405143
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Gerald Childress · 19 yrs held
Gerald Childress
since 2007
2 recorded transactions
2007
Price N/A
2006
$24,044
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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