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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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14710 Plymouth Rd , Detroit, MI 48227
$1,500,000
Est. Payment: $3,333.33/mo
0 Bed
0 Bath
27977 Sqft
Status: Active | Days on site: 19
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House Description

22-UNIT MULTI-FAMILY & COMMERCIAL OPPORTUNITY – ENTIRE BLOCK!Here’s your opportunity to own a substantial multi-family and commercial property situated on an entire city block, offering nearly 28,000 square feet of building space and tremendous potential for an investor, owner-operator, or redevelopment-minded buyer.The property features 22 residential units, including 20 one-bedroom units and 2 two-bedroom units, providing a diverse mix of rental opportunities. The lower level adds valuable commercial space with an existing daycare, hair salon, and an additional space with potential for a deli or other neighborhood-serving business.With residential and commercial components, this property offers the potential for multiple income streams from one location. The expansive footprint and entire-block positioning provide flexibility for future improvements, expansion, or redevelopment, subject to zoning and municipal approvals.Bring your vision to this unique and sizable property. Opportunities to acquire an entire block with both residential and commercial components are rare. Explore the possibilities and unlock the full potential of this nearly 28,000-square-foot property. Please do not approach tenants or employees. Tours are by appointment only and buyer must show proof of funds. BATVAI

Highlights

Listed by Theodora Brown , 313-530-7641 Coldwell Banker Professionals-GPF , 313-886-4200.

Property Type

Commercial Sale

Lot/Acreage
0.53

Year Built

1962

County

Wayne

School District

Detroit

Listing ID

20261069332

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Public

Exterior Features

Principal Interest
$3,333
Taxes
$1,683

Home Price

$1,500,000

Loan Details

30 yrs
%

Down Payment

20%
$300,000
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Monthly Price:
$3,333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,333.33 $1,682.83 $0.00 $5,016.17
Yearly $40,000.00 $20,194.00 $0.00 $60,194.00
Total $1,200,000.00 $605,820.00 $0.00 $1,805,820.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.