2704 OAKWOOD Boulevard $450,000

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    2704 OAKWOOD Boulevard Melvindale, MI 48122

    Active

    $450,000

    Market Estimate
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    • 5,078 sq. ft.
    • Commercial Lease
    • MLS# 60313175
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    Views: 19 Days On Site: 163

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    Property Details

    This property is currently mixed use with 4 apartments occupied and 2 storefronts unoccupied. It was previously operating as a bar in the lower storefront units and can be returned to that usage or storefronts with city approval. Current apartments are rented at a total of 2900 per month. Great location, close to highways, shopping and entertainment. Showings are by appt only.

    • General Features
      • Acreage 0
      • Area Municipality Melvindale (82142)
      • County Wayne
      • Originating MLS RealComp
      • Ownership Private
      • Subdivision SCHAEFER-DIX SUB
      • Total SqFt Finished 5078
      • Waterfront Y/N No
      • ZONING Commercial
    • Building Features
      • Exterior Construction Block, Brick
      • Foundation Type Basement
    • Property Features
      • Water Public Water
      • Lot Size 140x80
      • Roads Paved Street
      • Sewer Septic Public Sanitary

    Neighborhood

    48122 (Melvindale) Demographics

    37 Median Age
    3,729 Population Density (per sq. mile)
    20% College Educated
    $37,438 Estimated Median Income
    2,306 Estimated Total Home Owners
    1,617 Estimated Total Renters
    59% / 41% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    10,300 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $120,000 Median Sales Price
    7 Homes Sold
    11 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: $450,000
        11/3/2024 1:20:57 PM Status Changed Source: Multiple Listing Service New Value: Active
        9/14/2024 10:51:25 AM Status Changed Source: Multiple Listing Service New Value: Pending
        6/5/2024 12:21:18 PM Price Increased Source: Multiple Listing Service New Value: $450,000 9.76%
        6/5/2024 12:06:00 AM New in Database Source: Multiple Listing Service New Value: $410,000

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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.