586-677-8888
21710 29 Mile Rd, Ray, MI for Rent

$8.95-$12.97 USD /SF/yr

Office/Retail - For Rent
1/78
938-1,850 SF | 3 Spaces

21710 29 Mile Rd
Ray, MI 48096


HIGHLIGHTS

  • Huge lot would allow plenty of space for expansion.
  • Located in an area with high traffic counts and high visibility.
  • Property is perfect for entrepreneurs looking to establish a business in a prime community.

OVERVIEW

Welcome to this fantastic investment opportunity in a prime location! This 2-story 3 unit building features two spacious apartments upstairs, each 938 sqft with 2 bedrooms and 1 bath. The lower level is 1850 sqft currently being used as living quarters but can be reverted back to business use as store, retail, office and more, offering endless possibilities for additional income streams. Each unit provides a private entrance. Located in an area with high traffic counts and high visibility. This property is perfect for entrepreneurs looking to establish a business in a prime community. The apartments provide a steady rental income, making this property a lucrative investment for any savvy investor. CAP RATE 8% or more (current rent is well below area average). Land contract available. Huge lot would allow plenty of space for expansion. Will consider all reasonable offers!

RENTAL DETAILS

SPACE AVAILABLE

938-1,850 SF

# OF SPACES

3

RENT RATE (MO)

$0.75-$1.08 USD /SF/mo

RENT RATE (YR)

$8.95-$12.97 USD /SF/yr

LEASE TYPE

Plus All Utilities

LEASE LENGTH

Negotiable

AVAILABLE

-

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

3,752 SF

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

B-2

ASK ABOUT THIS PROPERTY

Ahmed ArafaCentury 21 AAA NorthMore Info
586-677-8888

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Ahmed ArafaCentury 21 AAA NorthMore Info
586-677-8888

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