$1,600,000

Reduced ($200,000) on 02/15/2020

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  • MLS# 2200006374
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248-304-6700

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Great investment opportunity for a Liquor store with real estate in a great location at a very busy intersection. Easy access from I-96. Newly renovated. 5,500 sqft of store area. Top 10 Patron Sales in Michigan. Adjacent parking lot serves 700 cars per weekday and doubles during weekends with a lot of walk-in traffic. Additional businesses: Nexus cards, Western Union money transfer, Fax and color copy. Western union and money gram is NON transferable. Includes gas generator, built in storage, partners with Greenlight (Detroit Police), bottle return machine. Kitchen earns $10,000 per month net. 15% Year over year growth. Liquor store makes $41,192 per week gross income. Lotto makes $31,200 net commission Inventory valued at $230,000. Check cashing makes $26,400 net. Total Annual Gross Revenue $2,142,000. Annual Net Income $514,580. 32% CAP. Excellent opportunity to grab this highly profitable business with 32% CAP.

Property Information

Status
Active 
Address
13970 Wyoming St 
City
Detroit 
Zip
48238 
Year Built
1954 
Subdivision
More Than One Subdivision Involved 
Business Type
Retail 
Listing Date
01/23/2020 
Architecture
1 Story 
County
Wayne 
Above Grade SqFt
5,400 
Possession
At Close 
Price/SqFt
296.3 

School Information

School District
Detroit 

Taxes

Summer Taxes
$5,923 
Winter Taxes
$699 

Features

Current Use
D Cru Liquor 
Zoning
Commercial 
Water
Municipal Water 
Sub Property Type
Commercial 
Licenses
Beer & Wine, Carry-Out, Liquor, Lottery, Lotto Terminal 
Office Heat
Central Air 
Heating
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
2200006374 Feb 15 2020 3:11PM $1,600,000 $1,800,000 28
2200006374 Active Jan 24 2020 2:20AM $1,800,000 28
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 Sohi Realty Llc
Office Address 14183 Lakeside Blvd

Real Estate One Family of Companies

13970 Wyoming St Detroit
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$1,600,000
For Sale • Acres: 0.41 • Zoning: Commercial