25911 W MICHIGAN AVE Avenue, Wayne, MI 48184
New Listing
$3,000,000
Property Type:
Commercial Sale
Baths:
32
Square Footage:
16,000
Lot Size (sq. ft.):
38,333
Status:
Active
Current Price:
$3,000,000
List Date:
9/17/2025
Last Modified:
9/17/2025
Description
PROPERTY WAS FULLY REFURBISHED 2018 RECENTLY GONE THROUGH UPDATES IN MANY OF THE APPARTMENTS OCCUPANCY HAS BEEN BROUGHT UP 90% WITH A NUMBER OF SECTION 8 RENTERS IN THE RENT ROLL
More Information MLS# 25047757
Location & Property Info
Cross Streets: MICHIGAN/TELEGRAPH
Property Sub-Type: Retail
Municipality: Inkster City
Principal Road: Yes
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 187.5
Prop Avail for Lease?: No
Current Bldg Use: APARTMENT BUILDING
General Property Info
New Construction: No
Lot Dimensions: 106/357
Road Frontage: 106
Mineral Rights: No
Waterfront: No
Total # Units: 32
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
# Fin Bldg Lvls: 16000
Total SqFt: 16000
Total Net SqFt: 16000
Property Use Type: Investment
School District: Inkster
Elementary School: Daly School
High School: Robichaud Senior High School
Middle School: Tomlinson Middle School
Lot Measurement: Acres
Lot Acres: 0.88
Lot Square Footage: 38333
Year Built: 1960
Full Baths: 32
Total Baths: 32
Tax Info
Taxable Value: 693450
SEV: 69260
For Tax Year: 2024
Seller's Annual Property Tax: 53078
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: 0
Non-Conforming Use: No
Zoning: COMMERCIAL
Tax ID #: 44020010008020
Remarks & Misc
Public Remarks: PROPERTY WAS FULLY REFURBISHED 2018 RECENTLY GONE THROUGH UPDATES IN MANY OF THE APPARTMENTS OCCUPANCY HAS BEEN BROUGHT UP 90% WITH A NUMBER OF SECTION 8 RENTERS IN THE RENT ROLL
Legal: 30A8A11B 12A THAT PART OF LOT 8 SUBDIVISION OF THE NE 1/4 AND E 1/2 OF THE NW 1/4 OF SEC 30 LIBER 1 PAGE 26 DESCRIBED A
Waterfront Options
Water Access Y/N: No
Income and Expenses
Annual Maint ($): 100000
Annual Prop Ins ($): 11000
Total Actual Rent: 337200
Net Operating Income: 172920
Operating Expense: 159280
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Retail: 1
Construction Type
Frame/Wood: 1
Exterior Material
Brick: 1
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Electric: 1
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Heat Type
Ductless: 1
Forced Air: 1
Air Conditioning
Wall Unit(s): 1
Window Unit(s): 1
Business Includes
Equipment: 1
Furniture: 1
Real Estate: 1
Foundation
Slab: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
Driveway
Gravel: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Purchase Money Mtg: 1
Tax Def Exchange: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Subject To Tenant Rights: 1
Location Property Info
County: Wayne
Street #: 25911
Street Direction: W
Street Name: MICHIGAN AVE
Suffix: Avenue
State: MI
Zip Code: 48184
Area: Wayne County - 100
OfficeContract Info
Status: Active
Current Price: $3,000,000
List Price: $3,000,000
Listing Date: 2025-09-17
Property Features
Uses: Retail
Ownership: LLC
Business Includes: Equipment; Furniture; Real Estate
Construction Type: Frame/Wood
Exterior Material: Brick; Vinyl Siding
Roofing: Composition
Foundation: Slab
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available
Heat Source: Electric; Natural Gas
Heat Type: Ductless; Forced Air
Air Conditioning: Wall Unit(s); Window Unit(s)
Driveway: Gravel
Purchase Terms Avail: Cash; Conventional; Purchase Money Mtg; Tax Def Exchange
Sale Conditions: None
Possession: Close Of Escrow; Negotiable; Subject To Tenant Rights
Listing Office: D and E Realty
Listing Agent: David Shepherd
Last Updated: September - 17 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for 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.
