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About This Home

This 0-bedroom, 0-bathroom commercial at 20650 Fenkell Avenue in Detroit, MI is listed for $350,000 ($46 per sqft). Built in 1933, the home offers 7,679 sqft of living space on a 0.71 acres lot.

Agent Description

EXCELLENT OPPORTUNITY TO OWN A SPACIOUS 8,000 SQ FT COMMERCIAL BUILDING LOCATED IN DETROIT'S WEST SIDE FENKELL CORRIDOR. THE PROPERTY OFFERS GREAT VISIBILITY AND FRONTAGE ALONG A MAJOR THOROUGHFARE WITH CONSISTENT TRAFFIC AND LONG-TERM REDEVELOPMENT POTENTIAL. IT IS RIGHT ACROSS FROM A POST OFFICE. OPEN LAYOUT IDEAL FOR RETAIL, STORAGE, WAREHOUSE, OR LIGHT INDUSTRIAL USES. SOLID STRUCTURE. 36 PARKING SPACES. ZONED B-4 - GENERAL RETAIL. MOST RECENT KNOWN BUSINESS. A 2022 REAL-ESTATE LISTING DESCRIBES THE PROPERTY AS A GROCERY STORE WITH: LOTTERY SALES GENERATING ABOUT $50,000.00 ANNUALLY WHICH GIVES A GOOD BASE. A PERFECT OPPORTUNITY FOR AN INVESTOR OR BUSINESS OWNER LOOKING TO RENOVATE AND ADD VALUE IN A GROWING CORRIDOR. RPR GIVES IT A FINANCIAL RISK SCORE OF 217. YOU WILL NEED TO SIGN A WAIVER BEFORE HAVING A SHOWING OF THIS PROPERTY. PLEASE GO TO "DOC'S" AND PULL DOWN A COPY OF THE WAIVER, SIGN, AND EMAIL IT TO ME. THANK YOU.

THIS IS BEING SOLD "AS-IS"

Key Features

  • Built in 1933
  • 0.71 acre lot

Property Details

1 story
1933

Monthly Cost Estimate

$1,872/mo

20% down · 6.5% · 30 years

Principal$253
Interest$1,517
Insurance$102

Estimates only. Actual payments may vary.

Location

20650 Fenkell Avenue

Detroit, MI 48223

Property Details

Construction

Block

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 20650 Fenkell Avenue is listed at $350,000 ($46/sqft). The estimated monthly payment is $1,517 based on 20% down at 6.5% interest.

Key features include: Built in 1933, 0.71 acre lot.

This property is listed by Richard H Alliston and can be reached at 2489122983 or thechessplayingrealtor@gmail.com.

RA

Richard H Alliston

Agent at Keller Williams Home

(248) 912-2983

Listed by Keller Williams Home · View on Broker Site

MLS# 20251060631· Source: listhub· Updated 166 days ago

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20650 Fenkell Avenue, Detroit, MI 48223

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