20425-20427 Plymouth Rd - Freestanding FOR SALE


Detroit, MI 48228- Cody
$1,400,000 USD
248-756-9355
20425-20427 Plymouth Rd, Detroit, MI for Sale
$1,400,000 USD
Freestanding - FOR SALE
1/25
null | 8.5% Cap Rate

20425-20427 Plymouth Rd
Detroit, MI 48228
Cody


HIGHLIGHTS

  • Freestanding Class C retail property situated along Plymouth Road with substantial frontage of 589 feet.
  • Spans 48,582 square feet on a 3-acre lot, currently configured for multiple tenants with 55% occupancy.
  • High-visibility corridor with strong vehicular traffic and accessibility supported by exceptional drivability.

OVERVIEW

This retail investment opportunity at 20425-20427 Plymouth Road in Detroit offers a substantial freestanding property positioned on a 3-acre site along a highly traveled corridor. Built in 1983, the building encompasses 48,582 square feet and features a flexible design suitable for multi-tenant occupancy. With 55% of the space currently leased, the asset generates immediate income with an in-place cap rate of 8.50%, while leaving meaningful upside for additional leasing or redevelopment potential.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

400

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

PD

APN/PARCEL ID

22-005427-004

ASK ABOUT THIS PROPERTY

Ryan AnJNJ Plaza incMore Info
248-756-9355

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Ryan AnJNJ Plaza incMore Info
248-756-9355

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.