$1,350,000

Untitled Listing

Detroit, Michigan 48235

Schulze Neighborhood

6200 Sq FT

$217.74 Price per Sq Ft

Highlights

About This Home

Excellent investment or owner-user opportunity offering multiple income streams with upside. The property is anchored by Bank of America, which recently renewed its lease for another 60 months, with approximately 65 months remaining plus renewal options, and has occupied the location for over 10 years. The on-site ATM generates approximately $36,000 annually. The Pharmacy, a strong and thriving tenant in place for nearly 12 years, is secured under a 72-month lease plus options and produces approximately $60,000 in annual rent, with 6% escalations after the current term. The property also features a fully built-out ~4,000 SF clinic space that is currently vacant, creating an ideal opportunity for an owner-user looking to operate a clinic or for an investor to lease the space. This suite represents approximately $72,000 per year in potential income, bringing total projected income to $168,000 annually, while current in-place income totals $96,000 annually.

Listing Agent

Nick Jaafar

Keller Williams Legacy

Listed on : February 3, 2026

Activity

Days on Market:

Home Details

Home Type

CommercialSale

Est. Annual Taxes

$7,903

Year Built

Built in 1950

Lot Details

0.54 Acre Lot
Lot Dimensions are 236X100

Parking

Home Design

Interior Spaces

6,200 Sq Ft Home

Kitchen

Flooring

Bedrooms and Bathrooms

Laundry

Finished Basement

Home Security

Pool

Outdoor Features

Location

DetroitCity_Wayne, Michigan
Wayne County
Postal Code: 48235

Utilities

Water Source: Public
Sewer: PublicSewer

About the Showing Agent

Hassan Scheib

Own It Realty

313-395-0000

Contact Hassan

As a leading Real Estate investment broker, native Detroiter, and family man, Hassan Scheib commands a firm grasp of investing in the Detroit Metro area. His experience and native intuition have led him from success to success as he has overseen property sales, acquisitions, inspections, construction, and tenant placement. Hassan combines keen business acumen, finance know-how, transparency, and ethics with every deal, and he is skilled in Portfolio Sales, Investor Relations, Strategic Planning, Marketing & Management. Above all else, he understands that the client is at the center of the deal and knows how to listen to their needs, roll up his sleeves, and offer them first-class customized service. Committed and attentive, Hassan is always ready to dip into his expansive professional network, industry experience, care, and meticulous attention to detail to help clients reach their goals.

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