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Jim Blehm

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

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5318 Alter Rd , Detroit, MI 48224
$150,000
Est. Payment: $333.33/mo
2432 Sqft
0.12 Acres
Status: active | Days on site: 70
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431976 - 397534
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Jim Blehm
Team Owner, Realtor®

House Description

Check out this beautiful commercial building, formerly operated as a successful party store since 1988. The property is in very good condition, fully up to city code and regulations, and offers a turnkey opportunity for the right buyer. It features 15 walk-in cooler doors, a newer rooftop HVAC system, a newer hot water tank, and a roof that’s only seven years old. The store also includes all shelving, countertops, a new cooling compressor, and recently repaved blacktop parking. There is both on-site and street parking available. Tenants are currently on a month-to-month lease, offering flexibility for future plans. The store closed at the end of April 2017 but was a profitable business for nearly three decades. With hard-working new ownership, this location has strong potential to thrive once again. Don’t miss this chance to take over a well-maintained property with a proven track record in a high-traffic area.

Highlights

Listed by Shane Parker , 734-333-7219 S&P Realty , 734-333-7219. MichRIC

Property Type

Commercial Sale

Lot/Acreage
0.12

Year Built

1988

County

Wayne

School District

Detroit

Listing ID

20261067581

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Interior Features

Water:Public

Exterior Features

Principal Interest
$333
Taxes
$333

Home Price

$150,000

Loan Details

30 yrs
0%

Down Payment

20%
$30,000
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Monthly Price:
$333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $333.33 $333.08 $0.00 $666.42
Yearly $4,000.00 $3,997.00 $0.00 $7,997.00
Total $120,000.00 $119,910.00 $0.00 $239,910.00
Lender profile image
Brian Belinger
Loan Originator
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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.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-11-02T20:20:57.000Z

© 2026 MichRIC