Description
Asking Price: $375,000
Address: 7131 Michigan Ave. Detroit, MI
This premier retail building, located a mere 3 miles from Corktown — a booming area of downtown Detroit — offers an optimal location for those looking to establish a retail business. Recently undergoing significant renovations, the current owner has intentionally left the walls and floors untouched, allowing prospective buyers the freedom to customize the colors and finishes to their liking. Convenient street parking is available for customers.
The property boasts an expansive 2,740 sq. feet on a 2,958 sq. feet lot. With the ongoing restoration of the historic Michigan Central train station, a 105-year old Detroit landmark, this property promises significant appreciation. Positioned just 3 miles from the Michigan Train station, its value is anticipated to surge post the station’s unveiling. Reach out to us today for more information on this prime investment or owner-occupied opportunity.
Business Overview
| Revenue | $N/A |
| Cash Flow | N/A |
| Inventory | $N/A |
| Year Established | 1931 |
| Seller Financing | No |
| Employees | FT PT |
| Asking Price | $375,000 |
Key Statistics
- Hours of Operation: N/A
- Employees: Full Time Part Time
- Year Established: 1931
- Year Acquired: 2022
- Liscence Required: N/A
- Seats: N/A
- Parking: N/A
Financial Information
- Gross Sales: $N/A
- Source: Seller Stated
- Cash Flow: N/A
- Source: Seller Stated
- Inventory Value: N/A
Seller Financing
Location
- Real Estate Price: $375,000
- Purchase Terms: Cash But Seller may entertain Land Contract with a substantial down-payment
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Disclaimer
This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.