Free Standing Retail Investment and Land For Sale Near Indian Village

Highlights

• Current Income Producing Property and Development Opportunity
• Currently 100% Occupied by Detroit Body Garage
• Four (4) Years Remaining on Tenant's Lease
• 8% Cap Rate
• 2,500 SF Free-standing Retail Building
• Four Roll-Up Bay Glass Bay Doors
• Beautiful Buildout In Place
• Parking Lot and Land Included
• Vibrant and Growing Area Bordering Indian Village

Description

Introducing an exceptional investment opportunity at 8635 Mack Ave, Detroit, MI. Currently occupied by the popular Detroit Body Garage, this building is in fantastic shape and serves as a strategic purchase on the Mack Corridor bordering Indian Village. Fully renovated in 2019, the property features four roll-up glass bay doors, a parking lot, and the bonus of additional land included. The tenant has occupied the space since 2019 with 4 years remaining on their lease. The land can be re-purposed long term or continued to be leased/run as the popular gym it currently is. Situated in a vibrant and growing area, this property presents an attractive prospect for retail or free-standing building investors seeking a sound and high-occupancy investment

This is a vibrant area surrounded by growth, Indian Village to the immediate south, consistent rehabbed homes to the north of Mack with rising values, a new self-storage redevelopment a quarter mile down on Mack Ave, a salon across the street, and a mixture of young & established energy taking over the area. The property is also connected to a community urban garden.

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