Opportunity awaits at 22019 Fenkell Street in Detroit. This recently remodeled 1,000 SF commercial building offers a clean, flexible layout ideal for a variety of business uses including retail, office, professional service, medical/dental, convenience, restaurant, or general commercial use. The property features a refreshed interior, central air, forced-air heat, 220V… Read More electric, public water/sewer, security system, smoke detectors, outside lighting, sidewalk frontage, and a rubber roof. Located near Fenkell and Lahser, the property offers street visibility, on-site/on-street parking options, alley access, and a fenced area. Great opportunity for an owner-user, small business operator, or investor seeking an affordable commercial asset. With potential rental income of approximately $1,100/month, this property may offer a projected return of over 15% ROI, depending on final purchase price, lease terms, expenses, financing, and buyer's underwriting. Land contract terms available: $25,000 down, 8% interest, $1,500/month, 24-month term. Buyer/buyer's agent to verify all information, zoning, intended use, measurements, rental projections, expenses, ROI, and city requirements. Read Less
Courtesy of EXP Realty Main.
Listing Snapshot
Days Online
3
Last Updated
Property Type
Commercial/Industrial
Square Ft.
1,000
Lot Size
0.05 Acres
MLS Number
61007901
30 Days Snapshot Of 48223
$1k
0%
(avg) sold price
0
-100%
homes sold
7
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Class B, Paved Street
Amenities
220 Volt Power, Fence
Building
1,000 square feet
Exterior Features
Brick, Security Lighting
Foundation
Slab
Water Features
Gas, Public Water
Heating
Forced Air, Natural Gas
Lot
0.05 acres, Lot size: 20X100
Property
Medical/Dental, Office, Retail, Service, Mixed Use, Professional Office, Commercial
Roof
Rubber
Taxes
Total amount: $3,885
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