1406 BIDDLE Avenue $555,000

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    1406 BIDDLE Avenue Wyandotte, MI 48192

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    $555,000

    Market Estimate
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    • 7,948 sq. ft.
    • 0.40 Acres
    • Commercial Lease
    • MLS# 60237996
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    Views: 167 Days On Site: 496

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    Property Details

    Description Tours

    5 unit mixed-used building is perfect for a savy investment property. Office building that contains 3 private suites, each suite has a reception area and 2 have large waiting rooms. Suite 1 has 2 bathrooms, 5 patient rooms with sinks, break room and 2 private offices. Suite 2 has 4 patient rooms, 1 bathroom, 1 office and large waiting reception area. Suite 3 has 4 very large offices, reception area, bathroom and conference room. Sitting on almost half an acre, with 3 office spaces in the lower level, 2 - 1BR apartments on the second floor (additional 1,717 sf). 2 of the 5 units are occupied leaving 2 commercial units available to rent; one for $1,600 a month and the other $1,85. 1 commercial ($1,300), 1 residence ($950) and 1 residential unit (1,000) are currently occupied. resident is month to month and leases can be extended after closing or can end at closing. With a 10-15% potential cap rate and less than 20 years old, the opportunity of this property has yet to be maximized. Located in the heart of Wyandotte!

    • General Features
      • Acreage 0.4
      • Area Municipality Wyandotte (82147)
      • County Wayne
      • Originating MLS RealComp
      • Ownership Private
      • Subdivision HUDSON'S SUB
      • Total SqFt Finished 7948
      • Waterfront Y/N No
      • Year Built 20
      • ZONING Commercial
    • Building Features
      • Exterior Construction Brick
      • Exterior Features Security Lighting
      • Foundation Type Slab
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
      • Roofing Asphalt
    • Property Features
      • Water Public Water
      • Lot Size 178.30 x 100.00
      • Roads Paved Street
      • Sewer Septic Public Sanitary

    Neighborhood

    48192 (Wyandotte) Demographics

    40 Median Age
    4,583 Population Density (per sq. mile)
    29% College Educated
    $54,419 Estimated Median Income
    7,595 Estimated Total Home Owners
    3,204 Estimated Total Renters
    70% / 30% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    24,944 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $195,000 Median Sales Price
    15 Homes Sold
    32 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $555,000
        7/17/2023 12:22:00 PM New in Database Source: Multiple Listing Service New Value: $555,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.