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 | 8.49% 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 is pleased to exclusively offer 217–231 N. Main Street in Plymouth, Michigan—a rare opportunity to acquire a fully occupied commercial asset with immediate cash flow and significant long-term upside. Situated on approximately 0.73 acres with 102 feet of frontage, the property is improved with a 6,870-square-footretail/office building that provides stable in-place income while offering multiple value-creation opportunities. The property's B-3 General Business District zoning, flexible short-term and month-to-month leases, and favorable site dimensions allow investors to continue generating income, expand at the rear of the site, reposition the asset, or pursue future redevelopment. Owner-users also can collect rental income while transitioning into the property over time. Located in the heart of one of Metro Detroit's most desirable suburban markets, the property offers exceptional flexibility for investors, developers, and owner-users. Please do not disturb tenants. Showings by appointment only.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

8.49%

% 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

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

Emil CherkasovForward Commercial Group LLCMore Info
248-662-5066

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