W Seven Mile (Evergreen/Lahser) Retail Rehab Opportunity

20534 W Seven Mile

Property asking price - $65,000
Land size in SF or Acreage - 4,269 sft (46 x 93)
Building size in SF - 3,166 sft
Property Zoning - B4 Commercial - Retail - Storefront

Property Legal Description -
N W SEVEN MILE 182 & 183FELDMAN & FELDMANS EVERGREEN MANOL57 P65 PLATS, W C R 22/357 46X93

Property Notes-
Due West of Seven & Evergreen Plaza & Renaissance Village Apts
Opposite CITGO
Well-Established Retail Corridor
Nice Potential for Eatery or Retail Business

Property Description-
Address: 17245 Greydale, Detroit, MI 48219
County: Wayne
Zoning: B3 Store/Retail
Parcel: 24,611 sft (0.56 AC)
Building: 11,655 sft constructed in 1940
Price: Negotiable

Property Features-
• Prime Old Redford Storefront or Mixed-Use Rehab Opportunity
• Lot Includes Rare Parking Area
• Ideal for Owner-Occupier or Mulitiple Retail Units
• Abuts Blight Busters Enclave - Cafe, Apartments, Recording Studio, Arts Center
• Mulitple New Development/Rehab Projects Planned Around Building
• Sits Behind Old Redford Theatre
• Federal Qualified Opportunity Zone
• Roof Replacement 2022
• New Gutter System 2002
• Large Flexible Plan - High Ceilings

Contacts-
Jason Gage

 

Property Description-
Address: 10031 Plymouth, Detroit, MI 48204
County: Wayne
Zoning: B4 Store/Retail
Parcel: 8,000 sft (80' front x 100' depth)
Building: 2,800 sft constructed in 1950

Sale Price: $150,000
Lease Rate: $2,500 monthly - $10.71 psf NNN - 5% annual increases

 

Property Features-
• Flexible Space - Open Plan Possible
• Expenses $1.50 psf - Tenant Pays All Utilities
• New Electric Panel 600 AMP
• Private Parking Area Included
• Excellent Westside Location at Wyoming
• Next to CITGO & SUNOCO Gas Stations

Contacts-
Jason Gage
Jerome Eagger

Property Description-
Address: 7720 W Chicago, Detroit, MI 48204
County: Wayne
Zoning: M4 Intensive Industrial
Land: 2.25 AC (97,966 sft)
Building: 15,585 sft constructed in 1943 - renovated 2017-present
Price: $950,000 ($60.95 psf)

Property Features-
• Flexible M4 Warehouse - Clear Height 14 feet
• Private Fenced Yard 2.25 AC Rectangular Parcel

Perfect for light manufacturing
• Excellent Westside Location - Due West of Livernois
• Borders Joe Louis Greenway - bike path, proposed new storm water management, underground holding storm water infrastructure and new park.
• Includes Office Area - 945 sft - 2nd Story
• 3 bays - including 14x14 & 10x10
• 800 Amp Service - New Panel
• Owner may consider leasing back 5,250 sft including the Office Area.
• Licensed Grow Facility
• Sun & Earth Rejenerative Organic Certfied
• Kind Certified Indoor Cultivation
• State Compliant Dual Security Camera System, Ultra high definition 1050 dpi - Lorax main 29-camera system & Arlo secondary 16-camera system.
• Certified net sum zero gain surface storm water run-off system, yearly savings of +$20,000 in city storm water charges.
Cisterns to catch/store all roof storm water run-off for re-use.
• Entire site capped with a min of 6” of 21AC clean gravel.
• Native sidewalk and easement plantings, peach orchard and raspberries.
• Parking lot repair restriping.
• Complete interior upgrades, cleanup repairs, office restoration, mandatory handicap bathroom, fire doors and firewall sealing. Tuck pointing masonry repair. Main and side cinder block retainer walls repaired with new block & back filled with cement. Building, Cinder block replacement cement filling, priming and painting min. of 2 coats ea.
• Partial Roof Replacement and complete re-sealing 2018.
• $5,000.00 in additional sealing/repair scheduled for late April to 2023 to patch holes caused during reconstruction and area that was missed from the repairs of 2018.
• State of the art upgraded electrical, mechanical and environmental controls.

Summit Contact -
Jason Gage

gage@summitcommercialllc.com

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