16936 9 Mile Street Eastpointe, MI 48021

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$625,000

Market Estimate

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760 sq. ft.
0.06 Acres
Commercial
MLS# 50159233

16936 9 Mile Street, Eastpointe, MI 48021

Listing provided courtesy of: Berkshire Hathaway HomeServices Kee Realty - 586-840-0400

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Property Details

Description

Unique corner package investment opportunity, one of a kind, Carry out restaurant occupied with rentable storage garage. Carry out restaurant has 75k in fire suppression, system, 16ft hood fan and handicapped bathroom, high recovery hot water heater and a workshop garage. A must to see these AAA rated property shows pride of ownership here. Improvements gallore no work needed. Just take ownership and reap the benefits. $$ approx. $1,500.00 in possible monthly revenues. Seller may sell and include nextdoor package and Include additional Duplex, 3 bedrooms 2 full baths, An upper and lower, unit, full basement, live in one unit, rent the other, all zoned MU2 use. Bonus auxiliary garage and loft 2000 sq ft. loft bedroom kitchen and 2 full baths, 4 units. as a complete package estimated total profits of $5,000.00 a month.

General Features
- Acreage 0.06
- Area Municipality Eastpointe (50026)
- County Macomb
- Originating MLS MiRealSource
- Ownership Private
- Subdivision ASSESSORS PLAT NO. 29
- Total SqFt Finished 760
- Waterfront Y/N No
- Year Built 1934
- ZONING 3+ Multi,Mixed Use
Building Features
- Cooling System Exhaust Fan, HVAC
- Exterior Construction Aluminum Trim, Brick, Concrete
- Exterior Features Security Lighting
- Foundation Type Slab
- Heating System Forced Air
- FUEL TYPE Natural Gas
Property Features
- Water Public Water
- Lot Size 0X0
- Sewer Septic Public Sanitary

Neighborhood

48021 (Eastpointe) Demographics

38 Median Age

6,265 Population Density (per sq. mile)

25% College Educated

$49,788 Estimated Median Income

8,679 Estimated Total Home Owners

4,154 Estimated Total Renters

68% / 32% Estimated Owner / Renter Divide

2 Estimated Average Household Size

32,149 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$150,000 Median Sales Price

30 Homes Sold

64 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: $625,000
10/24/2024 2:56:00 PM	New in Database Source: Multiple Listing Service	New Value: $625,000

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* This payment calculator is intended for educational and planning purposes only.
** 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.