2948 BIDDLE Avenue new Save Request In-Person Tour Request Virtual Tour
Wyandotte,MI 48192
Key Details
Property Type Commercial
Sub Type Real Estate Only
Listing Status Active
Purchase Type For Sale
Square Footage 16,607 sqft
Price per Sqft $156
MLS Listing ID 20250015193
Bedrooms 4
Year Built 1861
Annual Tax Amount $6,962
Lot Size 10,454 Sqft
Property Sub-Type Real Estate Only
Property Description
Prime Commercial Property with Exceptional Income Potential
Located in the heart of a high-traffic, sought-after area, this well-priced commercial property offers an exceptional investment opportunity with multiple streams of income. Featuring three established, thriving businesses and four fully-leased apartments, this property provides an immediate cash flow with significant potential for growth. **Additional 54 feet of front footage is on 1st Street.
The current businesses are successfully operating, benefiting from the prime location and strong local demand. Additionally, the four residential apartments offer a steady rental income stream, ensuring a diversified investment portfolio.
What sets this property apart is the additional undeveloped space estimating about 1300sf, offering endless possibilities for further expansion. Whether you're looking to add more rental units, develop commercial spaces, or create unique ventures, the income potential from this property is vast and ripe for intellectual innovation. Basements are huge and dry with plenty of room for storage/inventory.
Key Features:
*Prime commercial location in a high-demand area
*3 established, operating businesses with a proven track record
*4 fully-leased residential apartments with consistent income
*Additional undeveloped space ready for expansion and development
*Strong income diversification with both commercial and residential units
*High foot traffic and visibility, ensuring continued business success
This is a rare opportunity for savvy investors to acquire a property that already generates income while offering tremendous upside potential. Don't miss out on the chance to capitalize on this prime real estate with the potential for long-term financial growth. Property is currently under a tax incentive through 2028. BATVAD
Location
State MI
County Wayne
Area Wyandotte
Zoning Commercial
Interior
Hot Water Natural Gas
Heating Forced Air
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick,Wood
Schools
School District Wyandotte
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Full Service