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About This Home

This 0-bedroom, 0-bathroom commercial at 5318 Alter Road in Detroit, MI is listed for $160,000 ($66 per sqft). Built in 1988, the home offers 2,432 sqft of living space on a 0.12 acres lot.

Agent Description

Check out this beautiful commercial building, formerly operated as a successful party store since 1988. The property is in very good condition, fully up to city code and regulations, and offers a turnkey opportunity for the right buyer. It features 15 walk-in cooler doors, a newer rooftop HVAC system, a newer hot water tank, and a roof that’s only seven years old. The store also includes all shelving, countertops, a new cooling compressor, and recently repaved blacktop parking. There is both on-site and street parking available. Tenants are currently on a month-to-month lease, offering flexibility for future plans.

The store closed at the end of April 2017 but was a profitable business for nearly three decades. With hard-working new ownership, this location has strong potential to thrive once again. Don’t miss this chance to take over a well-maintained property with a proven track record in a high-traffic area.

Key Features

  • Built in 1988
  • 0.12 acre lot

Property Details

1988

Monthly Cost Estimate

$856/mo

20% down · 6.5% · 30 years

Principal$116
Interest$693
Insurance$47

Estimates only. Actual payments may vary.

Location

5318 Alter Road

Detroit, MI 48224

Abbott & Beymers Sunderland Park Sub

Property Details

Construction

BlockBrick

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 5318 Alter Road is listed at $160,000 ($66/sqft). The estimated monthly payment is $693 based on 20% down at 6.5% interest.

Key features include: Built in 1988, 0.12 acre lot.

This property is listed by Shane Parker and can be reached at 7343337219 or broker@sprealtymi.com.

SP

Shane Parker

Agent at S&P Realty

(734) 333-7219

Listed by S&P Realty · View on Broker Site

MLS# 20251001440· Source: listhub· Updated 375 days ago

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5318 Alter Road, Detroit, MI 48224

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