5318 Alter Road Detroit MI 48224 MLS #20251001440

5318 Alter Road
Detroit, MI, 48224
$185,000
Beds
0 Baths
2,600 SqFt
0.12 Acres
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Check out this beautiful commercial building, formerly operated as a successful party store since 1988. The property is in very good condition, fully up to city code and regulations, and offers a turnkey opportunity for the right buyer. It features 15 walk-in cooler doors, a newer rooftop HVAC system, a newer hot water tank, and a roof that’s only seven years old. The store also includes all shelving, countertops, a new cooling compressor, and recently repaved blacktop parking. There is both on-site and street parking available. Tenants are currently on a month-to-month lease, offering flexibility for future plans.
The store closed at the end of April 2017 but was a profitable business for nearly three decades. With hard-working new ownership, this location has strong potential to thrive once again. Don’t miss this chance to take over a well-maintained property with a proven track record in a high-traffic area.

Property Details

Price:
$185,000
MLS #:
20251001440
Status:
Active
Beds:
0
Baths:
0
Address:
5318 Alter Road
Type:
Commercial
Subtype:
Real Estate Only
Subdivision:
ABBOTT & BEYMERS SUNDERLAND PARK SUB
Neighborhood:
05055 – Det Con-Mors/Grat. Hstn/7 Mack
City:
Detroit
Listed Date:
May 22, 2025
State:
MI
Finished Sq Ft:
2,600
Total Sq Ft:
2,432
ZIP:
48224
Year Built:
1988
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Meet Andrea Stephan, an accomplished real estate professional with industry experience and a heart dedicated to service. With a background in education, Andrea began her journey as a former teacher, where her passion for nurturing others blossomed. Transitioning seamlessly into the business world, Andrea played a pivotal role in building a property management company from the ground up. Her relentless dedication and innate ability to connect with others have been instrumental to her success. C…

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Schools

School District:
Detroit

Interior

Exterior

Construction Materials
Block, Brick

Financial

Taxes
$4,023

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Community

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5318 Alter Road
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