20451 W 8 MILE Road $1,200,000

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    20451 W 8 MILE Road Detroit, MI 48219

    • 10,000 sq.ft.
    • Commercial
    MLS# 219002296 | Active

    $1,200,000

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    Days On Market: 158 55 Views
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    Property Details

    THIS IS HUGE BUSINESS THAT NET OVER $350,000 AFTER PAYING ALL EXPENSIVE IN YOUR POCKET. IN THIS STORE YOU ARE GOING TO FIND: CPU POST STATION (W/LICENCE OF THE USPS) & THIS SMALL STATION GIVE YOU OVER $35,000 A YEAR NET (FOR SHIPPING AND SELLING PKG/STAMP). YOU WILL FIND FULL LINE OF LIQUOR, BEER & WINE. LOTTO & FULL LINE OF CLOTHING CLEARING ITEMS FROM TARGET AND MACYS (AN ITEM COST $5 WILL SELL FOR $20). TONS OF CUSTOMERS THAT LOVES COMING TO THIS STORE..OWNER IS OVER 80 YEAR OLD & NO MORE ABEL TO CONTINUE TO OPERATED THIS STORE, HIS KIDS ARE NOT HELPING HIM & HELPS ARE HARD TO FIND. $500,000 DOWN PLUS PAY FOR ALL INVENTORIES AT CLOSING IN CASH & THE REST IN LAND-CONTRACT TO THE SELLER TO BE PAID PER MONTHLY INSTALLMENT FOR 60 MONTHS W/BALLOON PAYMENT IN FULL. CALL LISTING BROKER FOR ANY SHOWING & A MUST: THE BUYER HAVE THE $500,000 (AS PROVE OF FUND IN WRITING FROM BANK OR NO SHOWING PLEASE). 10,000 SQFT OF ALL NEW & UPDATED BUILDING & COOLERS. HOT FOOD DEPT IS READY TO OPERATED.

    • General Features
      • County Or Parish Wayne
      • Settlement City
      • Commercial Type Business And Real Estate, Commercial
      • Business Type Retail, Service, Wholesale
      • Business Licenses Lottery, Lotto Terminal
      • Current Use LIQUOR STORE/LOTTO/GROCERIES
      • Lot Size Area 0
      • Zoning Commercial, Office
      • Ownership Status Private Owned, Short Sale - No
      • Originating MLS Realcomp II Ltd
      • Year Built 1980
      • Year Remodeled 2011
      • Sqft Total 10,000
      • Operating Expense $200,000
      • Net Operating Expense $350,000
      • Gross Scheduled Income $4,000,000
      • Tax Amount - Summer 20000.0000
      • Tax Amount - Winter 3000.0000
    • Building Features
      • Foundation Details Slab
      • Construction Materials Brick, Stone, Other
      • Sqft Office 1,000
      • Office Heating Central Air, Forced Air
      • Plant Heating Central Air, Forced Air
    • Property Features
      • Commercial Utilities 3 Phase Power, 220V Available, Cable TV, Security Alarm
      • Road Frontage Type Paved, Pub. Sidewalk
      • Frontage Feet 200
      • Lot Size Dimensions 200X200
      • Water Source Municipal Water
      • Sewer Sewer-Sanitary
    • Schools
      • School District Detroit

    Contact

    Joyce Boor

    Sales Associate

    RE/MAX First

    Mobile Phone: 248-259-4945

    Neighborhood

    48219 (Detroit) Demographics

    37Median Age
    5,867Population Density (per sq. mile)
    24%College Educated
    $31,917 Estimated Median Income
    10,287Estimated Total Home Owners
    8,441Estimated Total Renters
    55% / 45%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    49,326Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $74,000 Median Sales Price
    2 Homes Sold
    65 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,200,000
        1/8/2019 6:42:00 PM New in Database Source

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        Listing information is provided through IDX through RealComp II Ltd. All information is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2019 Realcomp II Ltd. Shareholders.