$500,000
$575,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
5,820 SqFt
SOLD DATE : 08/29/2024
Key Details
Sold Price $500,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 5,820 sqft
Price per Sqft $85
Subdivision Pleasant Acres Sub
MLS Listing ID 20240003523
Sold Date 08/29/24
Originating Board Realcomp II Ltd
Year Built 1965
Annual Tax Amount $6,712
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 80.00 x 100.00
Property Description
FOR SALE IN THE HEART OF ALLEN PARK, THIS ICONIC AND FAMILY-OWNED BUSINESS IS NOW READY FOR ITS NEXT CHAPTER. OPERATING SINCE 1960, THE OWNERS ARE NOW PREPARED TO RETIRE, PRESENTING A FANTASTIC OPPORTUNITY FOR ASPIRING ENTREPRENEURS OR INVESTORS LOOKING TO MAKE A MARK IN THE RETAIL SECTOR. A FULLY EQUIPPED MEAT MARKET, GROCERY STORE, BEER AND WINE, AND LOTTERY SERVICES, THIS PROPERTY HAS ESTABLISHED ITSELF AS AN ESSENTIAL DESTINATION FOR THE LOCAL COMMUNITY. THE BUSINESS IS WELL-KNOWN AND HAS ENJOYED A LOYAL CUSTOMER BASE OVER THE YEARS. WITH MODERN FACILITIES AND EQUIPMENT, THE TRANSITION FOR ANY NEW OWNERS WILL BE SMOOTH AND SEAMLESS. HOWEVER, THE TRUE POTENTIAL OF THIS PROPERTY LIES IN ITS LOCATION AND ADAPTABLE SPACE. SITUATED IN A FLOURISHING AREA, TRANSFORMING THIS PROPERTY INTO A DYNAMIC STRIP CENTER WOULD BE A LUCRATIVE ENDEAVOR. SPLITTING UP THE BUILDING COULD PROVIDE OPPORTUNITIES FOR MULTIPLE BUSINESSES, FURTHER DIVERSIFYING THE INCOME STREAMS WHILE CATERING TO VARIOUS MARKET SEGMENTS. THE STRATEGIC POSITION WITHIN THE BUSTLING HEART OF ALLEN PARK ENSURES HIGH VISIBILITY, CONSTANT FOOT TRAFFIC, AND UNMATCHED CONVENIENCE FOR POTENTIAL CUSTOMERS. PROXIMITY TO MAJOR ROADWAYS, RESIDENTIAL AREAS, AND OTHER COMMERCIAL ESTABLISHMENTS FURTHER ADDS TO ITS MARKETABILITY. WHETHER YOU ARE AN EXPERIENCED BUSINESS OWNER SEEKING TO EXPAND YOUR PORTFOLIO OR AN INVESTOR LOOKING TO CAPITALIZE ON THE FLOURISHING RETAIL SECTOR, THIS PROPERTY OFFERS ENDLESS POSSIBILITIES. DON'T MISS OUT ON THE CHANCE TO ACQUIRE A LONG-STANDING BUSINESS WITH AN ESTABLISHED CUSTOMER BASE AND TRANSFORM IT INTO A VIBRANT STRIP CENTER IN ONE OF ALLEN PARK'S PRIME LOCATIONS. EMBRACE THE POTENTIAL AND SECURE YOUR FUTURE IN THIS THRIVING COMMUNITY.
Location
State MI
County Wayne
Area Allen Park
Zoning Commercial
Direction DIX TOLEDO AND ALLEN RD
Interior
Heating Radiant
Heat Source Natural Gas
Exterior
Pool No
Waterfront no
Road Frontage Class C, Paved
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 1 Story
Structure Type Brick,Stone
Schools
School District Allen Park
Others
Tax ID 30015030466000
Ownership Short Sale - No,Private Owned
Assessment Amount $1
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Financing Cash,Contract,Conventional
Special Listing Condition Full Service
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