Address
4700 Anthony Wayne Drive Detroit, MI
Price
$ 4,199,999
Property Attributes
  • ID#2210017048
  • TypeCommercial
  • CountyWAYNE
  • CityDetroit
  • AreaDet - Livernois-I75 6-Gd River
  • NeighborhoodBUTLERS WM A SUB
  • Zip48201
  • StyleLiquor/Convenient Store, Restaurant, Pizza Shop, V
  • Year Built1950
  • Taxes$ 4266
  • Price$ 4,199,999
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage13555
  • Lot Size9,148 SqFt
Listing Provided Courtesy Of:
Clyde Realty LLC
Data Source:
REALCOMP II LTD.
Property Description

Alexander Real Estate is pleased to present this 13,555 sf Retail Strip Center and Market located in Midtown, Detroit, MI. The property offers 5 Leases, leaving minimal landlord responsibilities. Leases include options to renew remaining, each with a rental rate increase. This opportunity can be classified as Investment Grade. The market is currently open and has been operating successfully since 1971. University Market is highly visible as it is strategically positioned on Anthony Wayne Dr., which sees 14,500 cars per day and enormous foot traffic from Wayne State University. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a "passive" investor to attain fee simple ownership of a rent rolling strip center and market. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenants, the Midtown exposure, and Wayne State University Campus. Sale included 4700 & 4718 Anthony Wayne.

Price History
3/28/2021 Listed $4,199,999

General Features

Business Type Retail
Commercial Type Business And Real Estate
Construction Materials Brick
Cumulative Days on Market 174
Current Use Liquor/Convenient Store, Restaurant, Pizza Shop, Vape Shop, Garage
Gross Scheduled Income 2900000.00
Heating Central Air, Forced Air
Listing Agent Public Id 394137
Net Operating Income 151460.00
Operating Expense 28900.00
Ownership Status Private Owned, Short Sale - No
Parcel Number W04I003415S002L
Possession Negotiable
Property Type Commercial
School District Detroit
Sewer Sewer at Street
Short Sale No
Status Active
Subdivision Name BUTLERS WM A SUB (PLATS)
Terms Offered Cash, Conventional
Total Sq Ft 13555
Transaction Type Sale
Year Built 1950
Zoning Commercial, Multi-Family, Multiple, Residential

Interior Features

Heating Fuel Natural Gas

Exterior Features

Architecture Level 2 Story
Foundation Slab
Foundation Materials Poured
Frontage Feet 140
Lot Size Area 0.21
Lot Size Dimensions 140.00X125.00
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Jim Shaffer and Associates and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is 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.

Data is updated as of May 18, 2021 8:38 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Zip Code Average in 48201

Price
AVG $1.42M
$4.2M
Taxes
AVG $4,143
$4,266
Visits
AVG 20
44
Year Built
AVG 1938
1950
Walkscore
AVG 86
93
Data Provided by Walkscore ® not using MLS data

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