$4,199,999
4700 Anthony Wayne Dr, Detroit, MI 48201
0 Beds
0 Baths
13,555 sqft

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Alexander Real Estate is pleased to present this 13,555 sf Retail Strip Center and Market located in Midtown, Detroit, MI. The property offers 5 Leases, leaving minimal landlord responsibilities. Leases include options to renew remaining, each with a rental rate increase. This opportunity can be classified as Investment Grade. The market is currently open and has been operating successfully since 1971. University Market is highly visible as it is strategically positioned on Anthony Wayne Dr., which sees 14,500 cars per day and enormous foot traffic from Wayne State University. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a passive investor to attain fee simple ownership of a rent rolling strip center and market. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenants, the Midtown exposure, and Wayne State University Campus. Sale included 4700 & 4718 Anthony Wayne.
  • Price:
  • $4,199,999
  • Square Footage:
  • 13,555
  • Acreage:
  • 0.21
  • Year Built:
  • 1950
  • Listing ID #:
  • 2210017048
  • Street Address:
  • 4700 Anthony Wayne Dr
  • City:
  • Detroit
  • State:
  • Michigan
  • Postal Code:
  • 48201
  • County:
  • Wayne
  • Community:
  • Det: Livernois-I75 6-Gd River
  • Subdivision:
  • Butlers Wm A Sub (plats)
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial
  • Foundation:
  • Slab
  • Foundation Material:
  • Poured
  • Main Level Square Footage:
  • 4500
  • Siding:
  • Brick
  • Stories:
  • 2 Story
  • Total Building Square Footage:
  • 13555
  • Year Built:
  • 1950
  • Business Type:
  • Retail
  • Net Operating Income:
  • 151460.00
  • Operating Expense:
  • 28900.00
  • Conforms To Zoning:
  • Commercial, Multi-Family, Multiple, Residential
  • Existing Land Use:
  • Liquor/Convenient Store, Restaurant, Pizza Shop, Vape Shop, Garage
  • Road Frontage:
  • 140
  • Road Frontage Type:
  • Paved
  • Days On Market:
  • 55
  • Financing Options:
  • Cash, Conventional
  • For Sale Or Lease?:
  • Sale
  • Summer Tax:
  • 3827.0000
  • Winter Tax:
  • 439.0000
  • Existing Water:
  • Municipal Water
  • Heating:
  • Central Air, Forced Air
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • Sewer At Street
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • IDX provided courtesy of Realcomp II Ltd. Clyde Realty LLC
  • IDX provided courtesy of Realcomp II Ltd., via RE/MAX Home Sale Services - The Liparoto Group and Realcomp II Ltd, ©2021 Realcomp II Ltd. Shareholders FARMHILL

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