Detroit, MI 48214
MLS# 20261087059
**INCOME-PRODUCING MIXED-USE INVESTMENT NEAR HISTORIC INDIAN VILLAGE!** Offered at $325,000, this renovated 4,120 SF building generates $27,000 in annual gross rental income from two occupied units. The first-floor salon rents for $800/month, while the furnished 2-bedroom, 2-bath upstairs apartment rents for $1,450/month. Both tenants are month-to-month, offering flexibility for investors and future owner-occupants. Renovated in 2022, the property features an updated apartment with hardwood floors, an open-concept living area, modern kitchen, and updated bathrooms. Additional highlights include a detached 1,000 SF garage with newer roof, approximately 400 SF of mezzanine space, basement, and ample on-site parking. Zoned B4 (General Business District), offering potential for a variety of business uses, subject to municipal approval. Conveniently located along the Mack Avenue corridor near Indian Village and West Village. A versatile investment with established rental income and additional upside potential!
Listed by Ryan Lally · KW Grosse Pointe
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$1,643/mo
$65,000 down · $260,000 financed
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