Turnkey Office Or Medical Land Contract Option

$99,900

17534 West 7 Mile Road, Detroit, MI 48235

For Sale

Office Building

Active

Last Updated: 08/27/2024

Details:

Cash-on-Cash: 21%

Pro Forma Cap Rate : 12%

NOI: $14,500

Building Size: 1,360 sqft

Lot Area: 1,720 sqft

Class: C

Lease Type: Double Net

Tenancy: Single

Year Built: 1952

Average Room Size: 600 sqft

Price Per Sqft: $15.90

Floors: 1

Year Last Renovated: 2023

Gross Leaseable Area: 1,360

Construction Status: EXISTING

Roof: RUBBER-NEW

HVAC: 2016

Restrooms: 1

CeilingHeight: 8

Investment Strategy: Value Add

Offered by Broker

Dominick Procopio

Associate Broker

Re/Max First & Realty World J.Pavich Real Estate

#3771109 MI SL 3538214 FL

Request Info to Unlock

Highlights:

COMPLETE REMODEL 2023
NEW ROOF, WINDOWS, FLOORING, DOORS, KITCHEN AND BATH
CONVENIENT LOCATION ON THE WEST SIDE OF DETROIT
MINUTES TO OAKLAND COUNTY OR DOWNTOWN DETROIT
MULTIPLE VALUE ADD OPTIONS FOR TENANTS
23,000 CARS/DAY TRAFFIC COUNT 7 MILE/SOUTHFIELD FREEWAY

Description:

SPACIOUS OFFICE BUILDING in MOVE IN CONDITION! EXCELLENT LOCATION ! Perfect for ANY Office or Medical oriented small businesses, Attorneys, Accounting, Real Estate, Mortgage, Dentists, Masseuses, or Lease to Individual Events or Parties, etc! The interior provides a Reception area, Bathroom, and a Snack Bar/Coffee Bar, and a huge main area that just needs to be partitioned for your purposes. NEW RUBBER ROOF '2024, FURNACE '2023, NEW WINDOWS, DOORS and Remodeled Kitchen '2023. All New Drywall and Premium Flooring, and updated Electric with New Recessed Lighting - All in 2023. video Security System. This building is ready for your business to move right in.
Inquire about the Seller Financing Option if interested. Cash or Land Contract Only.