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Listed price in listed location currency (USD).
$499,900

000

MLS® 20261044796

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 3729 sqft
Garage 
Taxes $8,282
Days Active 0
Lot Size 0.2 Acres
Approx. Age 1958
Avg. Price Per Sqft $134
MLS® Number 20261044796

Property Address: 24821 5 Mile Rd, Redford, MI, 48239-3695

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

Description

Exceptional investment opportunity featuring an 8-unit commercial property comprised of two separate buildings, each containing four fully leased units. 24821 and 24865 5 Mile Rd. This well-maintained asset offers immediate and stable cash flow with 90% occupancy and established tenants in place. The property is strategically configured with two standalone 4-unit buildings, providing operational flexibility, and ease of management. Each unit is designed to accommodate a variety of commercial uses, making the property attractive to a diverse tenant base. With strong rental income, and minimal vacancy risk, this turnkey investment is ideal for investors seeking dependable returns and long-term appreciation potential. New roof added on both buildings in June/26.The property's layout, tenant mix, and income-producing performance make it a valuable addition to any commercial real estate portfolio.
MLS® Number20261044796
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1958
Basement
DrivewayParking Lot
Garage Spaces
HeatForced Air, Natural Gas
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 15, 2026List Date
$499,900List Price
  • Commute

Commute

Starting Address
Destination Address
24821 5 Mile Rd, Redford, MI

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