Rare opportunity to acquire a 0.73-acre commercial property in downtown Plymouth, offering immediate rental income and multiple avenues for future value creation. The property features a 6,870 SF, fully occupied retail/office building on a deep, 102-foot-wide parcel, presenting the potential to expand the existing improvements, develop additional space at the… Read More rear of the site, or pursue future redevelopment of the property.Zoned B-3, the site offers a compelling combination of established occupancy, substantial depth, and long-term flexibility in one of Metro Detroit's most desirable suburban markets. Whether held as an income-producing investment or repositioned to capitalize on the site's development potential, the property offers investors and developers an opportunity to secure a well-located asset in downtown Plymouth.Please do not disturb tenants. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Forward Commercial Group.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Commercial
Square Ft.
6,870
Lot Size
0.73 Acres
Year Built
1885
MLS Number
20261083818
30 Days Snapshot Of 48170
$574k
+30%
(avg) sold price
44
-25%
homes sold
55
+5%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Building
Built in 1885, Remodelled in 2023, 6,870 total square feet, 5,229 main square feet, Wood
Foundation
Basement
Water Features
Public (Municipal)
Lot
Lot size area: 0.73, Lot size dimensions: 102X302
Miscellaneous
Gross scheduled income: $114,000, Net operating income: $86,282, Operating expense: $28,000, Real Estate Only
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