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    4700 Anthony Wayne Drive

    Detroit, MI 48201
    • $4,199,999
    • STATUS: Active
    • ON SITE: 93 days
    • ID#: 2210044866
    UPDATED: 18 min ago
    $4,199,999
    • 0
      BEDS
    • 0.02
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,426
      SQFT
    • $1,226
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1950
    County:
    Zoning:
    Commercial
    Lot Size Dimensions:
    80.00X125.00

    School Ratings & Info

    School District:

    Description

    Clyde Realty is pleased to present this 13,555 sf Retail Strip Center and Market located in Midtown, Detroit, MI. 5 active leases in place! Leases include options to renew remaining, each with a rental rate increase. This opportunity can be classified as Investment Grade. The market is currently open and has been operating successfully since 1971. University Market is highly visible as it is strategically positioned on Anthony Wayne Dr., which sees 14,500 cars per day and enormous foot traffic from Wayne State University. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a "passive" investor to attain fee simple ownership of a rent rolling strip center and market. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenants, the Midtown exposure, and Wayne State University Campus. Sale included 4700 & 4718 Anthony Wayne.

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    © 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real Estate For A CAUSE are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-09-16T10:59:02.73.
    www.refacmi.com/homes/118208783
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    4700 Anthony Wayne Drive Detroit, MI 48201

    • Price: $4,199,999
    • Status: Active
    • Updated: 18 min ago
    • ID#: 2210044866
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.02
    Acres
    3,426
    SQFT
    $1,226
    $/SQFT
    1950
    Built
    Neighborhood:
    Butlers Wm A Sub (Plats)
    County:
    Wayne
    Area:
    Det: Livernois-i75 6-gd River
    School District:
    DETROIT
    Property Description
    Clyde Realty is pleased to present this 13,555 sf Retail Strip Center and Market located in Midtown, Detroit, MI. 5 active leases in place! Leases include options to renew remaining, each with a rental rate increase. This opportunity can be classified as Investment Grade. The market is currently open and has been operating successfully since 1971. University Market is highly visible as it is strategically positioned on Anthony Wayne Dr., which sees 14,500 cars per day and enormous foot traffic from Wayne State University. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a "passive" investor to attain fee simple ownership of a rent rolling strip center and market. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenants, the Midtown exposure, and Wayne State University Campus. Sale included 4700 & 4718 Anthony Wayne.
    Exterior Features

    Architecture Level 2 Story Construction Materials Brick Foundation Details Slab Foundation Materials Poured Lot Size Dimensions 80.00X125.00 Road Frontage Feet 125 Road Frontage Type Paved Waterfront YN No

    Interior Features

    Heating Cooling Forced Air Heating Fuel Natural Gas Room Count 0

    Property Features

    Assessment 0 Commercial Type Business And Real Estate Current Use Liquor Store Encroachment YN No Gross Scheduled Income 151460.00 Land Contract YN No Listing Financing Cash Monthly Sales 218500 Net Operating Income 28900.00 Operating Expense 2900000.00 Ownership Status Private OwnedShort Sale - No Possession At Close Postal City Detroit Protection Period 90 Days Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 3827.0000 Tax Amount Winter 447.0000 Title Private - Owned Total Tax 4274.0000 Unparsed Address 4700 ANTHONY WAYNE DR Water Source Municipal Water Zoning Commercial

    IDX provided courtesy of Realcomp II Ltd., via Clyde Realty Llc and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


    © 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real Estate For A CAUSE are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-09-16T10:59:02.73.
     
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    Real Estate For A CAUSE
    8200 S Saginaw St Suite 200
    Grand Blanc MI, 48439