Address
8212-8236 E Twelve Mile Road Road Warren, MI
Price
$ 698,000
Property Attributes
  • ML#2200091327
  • TypeCommercial
  • CountyMACOMB
  • CityWarren
  • AreaMacomb Twp
  • Zip48093
  • StyleCOMMERCIAL RETAIL
  • Taxes10098
  • Price$ 698,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6660
Listing Provided Courtesy Of:
Premier One Group Inc
Property Description

SEVEN UNITS---GREAT INVESTMENT OPPORTUNITY. 100% LEASED. LAND CONTRACT AVAILABLE! HARD TO FIND SEVEN COMMERCIAL UNITS ON A STRIP ON BUSY E 12 MILE ROAD, ACROSS FROM SUPER WALMART AND MANY OTHER POPULAR FRANCHISES. ON A BUSY MAJOR STREET WITH AMPLE PARKING FOR ALL BUSINESSES AND CUSTOMERS. CURRENTLY ALL UNITS ARE LEASED OUT WITH POTENTIAL INCREASE IN RENT**** NOTE PROPERTY FOR SALE IS ON THREE PARCELS 1315105001-1315105002-1315105003-- TOTAL COMBINED LOT AND BUILDING - SQ FT APPROX 15,682. PROPERTY TAXES UNDER 11K!! TOTAL AND 8.3% CAP RATE. OWNER HAS MAINTAINED THIS PROPERTY FOR YEARS, MANY FUNCTIONAL UPDATES IN THE RECENT YEARS. VARIOUS UNITS UPDATED WITH EITHER NEW ROOFTOP HVAC/FURNACE/WATER TANK 2017. SEPERATE METERS. ROOF IS APPROX 10 YEARS OLD. ALL TENANTS ARE IN VARIOUS BUSINESSES. PRICED TO SELL. OWNER IS RELATED TO BROKER. CALL FOR A WALK THRU APPOINTMENT. PLEASE DO NOT APPROACH TENANTS.

Price History
11/4/2020 Listed $698,000

General Features

Commercial Type Commercial, Real Estate Only
Construction Materials Brick
Cumulative Days on Market 68
Current Use COMMERCIAL RETAIL
Deposit Amount 200000.00
Gross Scheduled Income 79800.00
Heating Central Air, Forced Air
Land Contract Yes
Listing Agent Public Id 304648
Net Operating Income 58048.00
Operating Expense 21752.00
Originating MLS Realcomp II Ltd
Ownership Status Private Owned, Short Sale - No
Parcel Number 1315105001
Possession At Close
Property Type Commercial
School District Warren Con
Sewer Sewer at Street
Short Sale No
Status Active
Terms Offered Cash, Conventional, Land Contract
Total Sq Ft 6660
Transaction Type Sale
Year Built 9999
Year Remodeled 2017
Zoning Commercial

Interior Features

Heating Fuel Natural Gas

Exterior Features

Architecture Level 1 Story
Foundation Slab
Foundation Materials Brick
Frontage Feet 145
Lot Size Area 0.00
Lot Size Dimensions 145x108
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Best Life and Co and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of January 17, 2021 6:35 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Zip Code Average in 48093

Price
AVG $70K
$700K
Taxes
AVG $12,266
$10,098
Visits
AVG 18
5
Walkscore
AVG 47
47
Data Provided by Walkscore ® not using MLS data