11
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$279,900
Est. payment /mo
770 SqFt
New
Westland, MI
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 770 sqft
Price per Sqft $363
Municipality Westland
Subdivision Westland
MLS Listing ID 20261050344
Year Built 1962
Annual Tax Amount $3,613
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 80X110
Source Realcomp
Property Description
Excellent investment opportunity featuring two income-producing properties, all situated on a high-visibility main road in Westland. This unique offering includes a 720 sq. ft. commercial building on a slab and a 770 sq. ft., 2-bedroom, 1-bath home on a crawl space. Both the residential and commercial properties are currently leased on month-to-month agreements, generating a combined gross monthly income of $2,200 ($1,300/month for the home and $900/month for the commercial space). The commercial tenant has been established at the property for several years.The home was extensively remodeled in 2022 and features a new roof, new flooring, an updated kitchen, fresh interior paint, and a large backyard. The commercial building has an approximately 8-year-old roof and has been well maintained. Both properties are currently rental certified with the City of Westland.Whether you're looking to expand your investment portfolio, continue operating as an income-producing property, or explore future redevelopment opportunities, this property offers outstanding flexibility. The residential home could also be converted to a small professional office, such as an insurance agency, subject to buyer verification of zoning and municipal approvals.Please do not disturb the tenants or approach the property without the listing agent present. Proof of funds is required prior to scheduling an appointment.
Location
State MI
County Wayne
Zoning Commercial,Multiple
Direction Located on Middlebelt road between Joy and Ann Arbor Trail
Interior
Heating Forced Air
Exterior
View Y/N No
Roof Type Metal
Building
Foundation Block, Slab
Water Public
Structure Type Vinyl Siding
Schools
School District Livonia
Listed by RE/MAX Complete
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