25911 W MICHIGAN AVE Avenue, Wayne, MI 48184 (MLS# 25047757)

25911 W MICHIGAN AVE Avenue, Wayne, MI 48184

$3,000,000

Property Type: Commercial Sale Baths: 32 Square Footage: 16,000 Lot Size (sq. ft.): 38,333 Status: Active

Current Price: $3,000,000 List Date: 9/17/2025 Last Modified: 9/17/2025

Description

PROPERTY WAS FULLY REFURBISHED 2018 RECENTLY GONE THROUGH UPDATES IN MANY OF THE APPARTMENTS OCCUPANCY HAS BEEN BROUGHT UP 90% WITH A NUMBER OF SECTION 8 RENTERS IN THE RENT ROLL

More Information MLS# 25047757

Location Property Info

County: Wayne Street #: 25911 Street Direction: W Street Name: MICHIGAN AVE Suffix: Avenue State: MI Zip Code: 48184 Area: Wayne County - 100

OfficeContract Info

Status: Active Current Price: $3,000,000 List Price: $3,000,000 Listing Date: 2025-09-17

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 0.88 Lot Square Footage: 38333 Lot Dimensions: 106/357 Year Built: 1960 Road Frontage: 106 Mineral Rights: No Total # Units: 32 # Fin Bldg Lvls: 16000 # of Diff Unit Floor Plans: 2 Total # Bldgs: 1 Total SqFt: 16000 Total Net SqFt: 16000 Property Use Type: Investment Full Baths: 32 Total Baths: 32 Waterfront: No School District: Inkster Elementary School: Daly School Middle School: Tomlinson Middle School High School: Robichaud Senior High School

Tax Info

Tax ID #: 44020010008020 Taxable Value: 693450 SEV: 69260 For Tax Year: 2024 Seller's Annual Property Tax: 53078 Tax Year: 2024 Non-Conforming Use: No Zoning: COMMERCIAL

Income and Expenses

Annual Maint ($): 100000 Annual Prop Ins ($): 11000 Net Operating Income: 172920 Total Actual Rent: 337200 Operating Expense: 159280

Waterfront Options

Water Access Y/N: No

Property Features

Uses: Retail Ownership: LLC Business Includes: Equipment; Furniture; Real Estate Construction Type: Frame/Wood Exterior Material: Brick; Vinyl Siding Roofing: Composition Foundation: Slab Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available Heat Source: Electric; Natural Gas Heat Type: Ductless; Forced Air Air Conditioning: Wall Unit(s); Window Unit(s) Driveway: Gravel Purchase Terms Avail: Cash; Conventional; Purchase Money Mtg; Tax Def Exchange Sale Conditions: None Possession: Close Of Escrow; Negotiable; Subject To Tenant Rights

Listing Office: D and E Realty

Listing Agent: David Shepherd

Last Updated: September - 17 - 2025

25911 W MICHIGAN AVE Avenue, Wayne, MI 48184- MLS# 25047757

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.