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$50,000
Est. payment /mo
1,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $50
MLS Listing ID 20261050604
Year Built 1923
Annual Tax Amount $3,885
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 20X100
Source Realcomp
Property Description
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 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.
Location
State MI
County Wayne
Zoning Commercial,Multiple,Offic
Direction Fenkell and Lahser
Interior
Heating Forced Air
Exterior
View Y/N No
Roof Type Rubber
Building
Foundation Slab
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I010955S
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Listed by EXP Realty Main
NEARBY SCHOOL & BUSINESS
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