Commercial Sale in Detroit

$50,000

22019 Fenkell, 48223, Detroit, MI

Commercial Sale for sale in Detroit, 22019 Fenkell, 48223, 1000 m²

22019 Fenkell, 48223, Detroit, MI

$50,000

1000
Type: Commercial Sale

Description

Opportunity awaits at 22019 Fenkell Street in Detroit. This recently remodeled 1, 000 SF commercial building offers a clean, flexible layout ideal for a variety of business uses including retail, office, professional service, medical/dental, convenience, restaurant, or general commercial use. The property features a refreshed interior, central air, forced-air heat, 220V electric, public water/sewer, security system, smoke detectors, outside lighting, sidewalk frontage, and a rubber roof. Located near Fenkell and Lahser, the property offers street visibility, on-site/on-street parking options, alley access, and a fenced area. Great opportunity for an owner-user, small business operator, or investor seeking an affordable commercial asset. With potential rental income of approximately $1, 100/month, this property may offer a projected return of over 15% ROI, depending on final purchase price, lease terms, expenses, financing, and buyer’s underwriting. Land contract terms available: $25, 000 down, 8% interest, $1, 500/month, 24-month term. Buyer/buyer’s agent to verify all information, zoning, intended use, measurements, rental projections, expenses, ROI, and city requirements.

Location

22019 Fenkell, 48223, Detroit, MI

Data

Object TypeCommercial Sale
Purchase Price$50,000
Living Space1000 m²
Plot Size202.34 m²
BathroomsN/A
Construction Year1923
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeForced Air, Natural Gas
Primary Energy SourceN/A
Construction Year1923
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent