# 5318 Alter Road, Detroit, MI 48224

> **TL;DR:** commercial, $160,000 ($66/sqft), built 1988, 2,432 sqft. Est. $693/mo. Listed 375 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $160,000 |
| Price/sqft | $66 |
| Square Feet | 2,432 |
| Year Built | 1988 |
| Lot Size | 5,227 sqft (0.12 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 375 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $693 |
| **Total** | **$693** |

## Property Highlights

- Built in 1988
- 0.12 acre lot

## Description

### 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.

## Location

- **Address:** 5318 Alter Road, Detroit, MI 48224
- **County:** Wayne
- **Neighborhood:** Abbott & Beymers Sunderland Park Sub

## Listing Agent

- **Name:** Shane Parker
- **Brokerage:** S&P Realty
- **Phone:** 7343337219
- **Email:** broker@sprealtymi.com

## Primary Photo

![5318 Alter Road - Primary Photo](http://lh.rdcpix.com/36ce1d13be99ef751b24808661ca1a65l-f1214905046r.jpg)

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**MLS#:** 20251001440 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/5318-alter-road-detroit-mi-48224-51001440)

---

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