MI > Wayne > Detroit > 8726 Michigan Avenue
  • MLS# 20221070937
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248-304-6700

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248-208-3883

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This mixed-use building now being used as a hookah lounge in Detroit near Dearborn offers a unique opportunity to own a solid investment property. With a gross yearly rental income of $27,500, this building is a reliable source of income. The property features a mix of commercial and residential units, providing a diverse range of rental options. Located in a bustling neighborhood with easy access to major roads and amenities, this building is sure to attract a range of tenants. Don't miss out on this excellent opportunity to add a valuable asset to your portfolio!

Property Information

Status
Active 
Address
8726 Michigan Avenue 
City
Detroit 
Zip
48210 
Year Built
1920 
Subdivision
Glenwood-Grosfield & Scan Lons Sub (plats) 
Listing Date
12/30/2022 
Architecture
1 Story 
County
Wayne 
Above Grade SqFt
3,597 
Possession
Rental Agreemen 
Price/SqFt
75.06 

School Information

School District
Detroit 

Taxes

Summer Taxes
$1,387 
Winter Taxes
$151 

Features

Zoning
Commercial, Multi-Family, Multiple 
Water
Public (Municipal) 
Sub Property Type
Commercial 

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years
annual
annual

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20221070937 Active Withdrawn Jun 22 2023 6:05PM $270,000 $280,000 245
20221070937 Withdrawn Active May 31 2023 11:06AM 245
20221070937 Mar 16 2023 9:05AM $280,000 $290,000 245
20221070937 Active Dec 30 2022 8:05AM $290,000 245
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

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

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Listing Courtesy of Bele Realty Inc
(248) 422-1804
Office Address 13854 Lakeside Cir

8726 Michigan Avenue Detroit
Contact us
$270,000
For Sale • Acres: 0.1 • Zoning: Commercial,Multi-Family,Multiple