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GREAT INVESTMENT OPPORTUNITY! OVER 300 FEET OF FRONTAGE ON HIGH TRAFFIC DIXIE HWY. JUST 1.5 MILES FROM I-75. PERFECT LOCATION FOR CONTRACTORS, LANDSCAPERS, ETC. 700 SQ FT OFFICE BUILDING AND 3,000 SQ FT HEATED STEEL BUILDING LOCATED ON 2.5 ACRES. CURRENT TENANT IS LEASING PROPERTY FOR $1000/MONTH, THEY HAVE BEEN THERE FOR 15 YEARS AND WOULD LIKE TO STAY! CURRENT USE IS TRAILER SALES. - Area description: Groveland Township close to all major surrounding roads (Dixie frontage, close to I-75). Just north of Grange hall, past Groveland Oaks. - Number of buildings: 2 - Building condition: Good - Tenancy: Single Tenant
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Most listings are in the $20's per square foot per year. The Metro Detroit submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Metro Detroit market, the Metro Detroit region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
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