Homes for sale - 1406 BIDDLE Avenue, Wyandotte, MI 48192

$575,000

Est. payment - /mo

2 Beds

7,948 SqFt

UPDATED:

Key Details

Sold Price $575,000

Property Type Commercial

Sub Type Business And Real Estate

Listing Status Sold

Purchase Type For Sale

Square Footage 7,948 sqft

Price per Sqft $72

Subdivision Hudson'S Sub

MLS Listing ID 20230058232

Bedrooms 2

Year Built 2000

Annual Tax Amount $20,090

Lot Size 0.400 Acres

Property Sub-Type Business And Real Estate

Property Description

5 unit mixed-used building is perfect for a savy investment property. Office building that contains 3 private suites, each suite has a reception area and 2 have large waiting rooms. Suite 1 has 2 bathrooms, 5 patient rooms with sinks, break room and 2 private offices. Suite 2 has 4 patient rooms, 1 bathroom, 1 office and large waiting reception area. Suite 3 has 4 very large offices, reception area, bathroom and conference room. Sitting on almost half an acre, with 3 office spaces in the lower level, 2 - 1BR apartments on the second floor (additional 1,717 sf). 2 of the 5 units are occupied leaving 2 commercial units available to rent; one for $1,600 a month and the other $1,85. 1 commercial ($1,300), 1 residence ($950) and 1 residential unit (1,000) are currently occupied. resident is month to month and leases can be extended after closing or can end at closing. With a 10-15% potential cap rate and less than 20 years old, the opportunity of this property has yet to be maximized. Located in the heart of Wyandotte!

Location

State MI

County Wayne

Area Wyandotte

Zoning Commercial

Interior

Hot Water Natural Gas

Heating Forced Air

Exterior

Utilities Available Employee Lunch/Lounge, Smoke Alarm, Circuit Breakers

Roof Type Asphalt

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick

Schools

School District Wyandotte

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Full Service

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Listed by Erica West of KW Showcase Realty
Bought with Unidentified Office

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James Carpenter

+1(313) 215-2127

Agent | License ID: 6501382977

Agent License ID: 6501382977

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1406 BIDDLE Avenue Wyandotte, MI 48192