11122-11138 Hayes Street Detroit, MI $ 600,000
11122-11138 Hayes Street
$ 600,000
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11122-11138 Hayes Street

Detroit, MI, 48213
$ 600,000
Baths0.0 Sq 8,850

Monthly Estimate*

$ 3,988

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Studio

Commercial Property for sale in Detroit, MI

for $600,000. This 8,850 square foot building was built in 1939 on a lot size of 0.33.

Welcome to our listing for an exceptional 8-unit commercial building located on the desirable eastside of Detroit. This well-maintained property presents a unique opportunity for residential and commercial investors alike. With its convenient location in a residential area, this building offers the potential for a variety of uses. Let's explore the captivating features of this property: Desirable Residential Location: Situated in a sought-after residential area on the eastside of Detroit, this commercial building offers a peaceful and comfortable environment for tenants. Established Tenant: One of the units is occupied by a long-standing barber shop, providing a stable and consistent income stream. This tenant adds value and reliability to the property. Refurbished Exterior: The exterior of the building has been completely refurbished, showcasing a fresh and updated look. This modernized facade creates a positive first impression and attracts potential tenants. Updated Units: Each of the eight units in the building has been thoughtfully updated to ensure comfort and functionality. The modernized interiors are designed to meet the needs of both residential and commercial tenants. Versatility for Residential or Commercial Use: With a mix of residential and commercial units, this property offers flexibility for various types of tenants. It presents an excellent opportunity for those seeking a live-work space or small-scale businesses that cater to the local community. Ample Fenced-in Parking: The property boasts two spacious fenced-in parking lots, accommodating up to 30 cars. This convenient parking solution ensures ease of access for tenants and their visitors. This 8-unit commercial building in the residential eastside of Detroit offers a unique investment potential. With an established tenant, refurbished exterior, updated units, and ample parking, this property presents an opportunity to tap into the local community's needs.

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Commercial Active

Price

$ 600,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,615

Style

Lot Size

0.33

Year Built

1939

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20230051099

Features
General
Sewer Public Sewer (Sewer-Sanitary)
Possession At Close
Zoning Commercial
Year Built 1939
Property Type Commercial
Subdivision Name BARBERS HAYES BLVD (PLATS )
Transaction Type Sale
Status Active
Short Sale No
Construction Materials Block/Concrete/Masonry
Cumulative Days on Market 339
MLS Area Det Con-Mors/Grat. Hstn/7 Mack
Directions North of Outer Drive/East Side of Hayes
City Detroit
Terms Offered Cash Contract Conventional Warranty Deed
School District Detroit
Land Contract 1
Ownership Status Short Sale - No Private Owned
Street Name HAYES
Assessment 450.00
Total Sq Ft 8850
DOM 339
Taxes 2615.0000
Legal Description E HAYES 19 THRU 25 BARBERS HAYES BLVD SUB L48 P51 PLATS W C R 21/821 144.02 X 100
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Exterior
Waterfront 0
Lot Size Area 0.33
Water Source Public (Municipal)
Foundation Crawl
Lot Size Dimensions 144.00 x 100.00
Architecture Level 1 Story
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Interior
Street Suffix Street
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Internal Only
Originating MLS Realcomp II Ltd
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* Excluded Features
List By
Lashawn Peterson

Listing Agent

Exp Realty Llc

Broker

(888) 501-7085

Phone

Affordability Calculator

$4,206
Per Month
95%
5%
0%
Monthly Principal & Interest
$3,988
Monthly Property Taxes
$218
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/14/2023$600,000 -11.76% Price Down
10/16/2023$680,000 -5.56% Price Down
9/19/2023$720,000 -10.00% Price Down
6/25/2023$800,000 Listed Price

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11122-11138 Hayes Street, Detroit, MI, 48213 is a Commercial Property for sale at $600,000 with 8,850 sqft and a lot size of 0.33. 11122-11138 Hayes Street is a studio with 0.0 baths and was built in 1939. The property's zip code is 48213 which is in Detroit, MI