MI > Wayne > Detroit > 4700 Anthony Wayne Dr

$4,199,999

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  • MLS# 2200095833
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Alexander Real Estate is pleased to present this 13,555 sf Retail Strip Center and Market located in Midtown, Detroit, MI. The property offers 5 Leases, leaving minimal landlord responsibilities. Leases include options to renew remaining, each with a rental rate increase. This opportunity can be classified as Investment Grade. The market is currently open and has been operating successfully since 1971. University Market is highly visible as it is strategically positioned on Anthony Wayne Dr., which sees 14,500 cars per day and enormous foot traffic from Wayne State University. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a "passive" investor to attain fee simple ownership of a rent rolling strip center and market. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenants, the Midtown exposure, and Wayne State University Campus. Sale included 4700 & 4718 Anthony Wayne.

Property Information

Status
Active 
Address
4700 Anthony Wayne Dr 
City
Detroit 
Zip
48201 
Year Built
1950 
Subdivision
Butlers Wm A Sub (plats) 
Business Type
Retail 
Listing Date
11/23/2020 
Architecture
2 Story 
County
Wayne 
Above Grade SqFt
13,555 
Possession
Negotiable 
Price/SqFt
309.85 

School Information

School District
Detroit 

Taxes

Summer Taxes
$3,827 
Winter Taxes
$439 

Features

Current Use
Liquor/Convenient Store, Restaurant, Pizza Shop, Vape Shop, Garage 
Zoning
Commercial, Multi-Family, Multiple, Residential 
Water
Municipal Water 
Sub Property Type
Commercial 
Licenses
Carry-Out, Liquor, Lottery, Lotto Terminal 
Heating
Central Air, Forced Air, Natural Gas 

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  • Market Statistics
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  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
2200095833 Jan 14 2021 12:08PM $4,199,999 $4,200,000 96
2200095833 Active Nov 23 2020 12:38PM $4,200,000 96
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

Listing Broker

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Listing Courtesy of @properties Detroit
Office Address 3100 Woodward Ste 2

Real Estate One Family of Companies

4700 Anthony Wayne Dr Detroit
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$4,199,999
For Sale • Acres: 0.21 • Zoning: Commercial,Multi-Family,Multiple,Residential