217-231 N Main St - Storefront Retail/Residential FOR SALE


Plymouth, MI 48170- Downtown Plymouth
$1,350,000 USD
248-662-5066
217-231 N Main St, Plymouth, MI for Sale
$1,350,000 USD
Storefront Retail/Residential - FOR SALE
1/23
null | Request Cap Rate

217-231 N Main St
Plymouth, MI 48170
Downtown Plymouth


HIGHLIGHTS

  • Rare investment opportunity in Downtown Plymouth!
  • Potential for redevelopment to mixed use, car wash or fast food w drive-thru!
  • Heavy day time traffic with easy freeway access!

OVERVIEW

Forward Commercial Group (FCG) is pleased to offer for sale 217-231 N. Main Street in Plymouth, Michigan. The property presents a rare opportunity to acquire a strategically positioned commercial asset offering both in-place income from existing retail/office building with upside potential to add on/build in rear of property or future redevelopment of entire site. The property consists of approximately 0.73 acres with approximately 102 feet of frontage and 302 feet of depth, offering excellent site functionality, strong ingress/egress via existing curb cuts, and long-term redevelopment flexibility. The site is currently improved with a 6,870 square foot, well-maintained, fully occupied retail/office building providing interim in-place cash flow while positioning the property for future redevelopment supported by its B-3 zoning classification, favorable site characteristics, and strong infill location within one of Metro Detroit’s most desirable suburban markets Please do not disturb tenants.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Freestanding, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1883

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

B-3

APN/PARCEL ID

49-005-10-0105-005

ASK ABOUT THIS PROPERTY

Emil CherkasovForward Commercial Group LLCMore Info
248-662-5066

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Emil CherkasovForward Commercial Group LLCMore Info
248-662-5066

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