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Listed price in listed location currency (USD).
$50,000

000

MLS® 20261050604

Overview

Key Facts

Type 
Levels Commercial Sale
Size 1000 sqft
Garage 
Taxes $3,885
Days Active 0
Lot Size 0.05 Acres
Approx. Age 1923
Avg. Price Per Sqft $50
MLS® Number 20261050604

Property Address: 22019 Fenkell Street, Detroit, MI, 48223

Average square foot calculated using Size range provided by listing agent.

Description

Opportunity awaits at 22019 Fenkell Street in Detroit. This recently remodeled 1, 000 SF commercial building offers a clean, flexible layout ideal for a variety of business uses including retail, office, professional service, medical/dental, convenience, restaurant, or general commercial use. The property features a refreshed interior, central air, forced-air heat, 220V electric, public water/sewer, security system, smoke detectors, outside lighting, sidewalk frontage, and a rubber roof. Located near Fenkell and Lahser, the property offers street visibility, on-site/on-street parking options, alley access, and a fenced area. Great opportunity for an owner-user, small business operator, or investor seeking an affordable commercial asset. With potential rental income of approximately $1, 100/month, this property may offer a projected return of over 15% ROI, depending on final purchase price, lease terms, expenses, financing, and buyer’s underwriting. Land contract terms available: $25, 000 down, 8% interest, $1, 500/month, 24-month term. Buyer/buyer’s agent to verify all information, zoning, intended use, measurements, rental projections, expenses, ROI, and city requirements.
MLS® Number20261050604
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1923
Basement
DrivewayAlley Access, Lighted, Parking Lot, On Site, On Street, Other
Garage Spaces
HeatForced Air, Natural Gas
A/CCentral Air

Extras

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