8-Schaeffer Plaza 13541 W 8 Mile Rd 14,000 SF 100% Leased Retail Building Detroit, MI 48235 $3,556,499 CAD ($254.04 CAD/SF)
INVESTMENT HIGHLIGHTS
- Heavy daytime foot traffic
- Laundromat with new equipment
EXECUTIVE SUMMARY
This 6,119-square-foot self-service laundromat recently opened and has state-of-the-art machines. It is open seven days a week and offers Wash-Dry-Fold services. The facility is spacious, clean, and in a plaza with heavy foot traffic. The real estate is included, and this plaza has four units total. All units are currently occupied.
A new owner could grow the business through community and social media marketing. Adding delivery services and commercial accounts could also increase growth.
There are 70 machines total, 8 of which are commercial grade—(4) 80 lb and (4) 60 lb.
A new owner could grow the business through community and social media marketing. Adding delivery services and commercial accounts could also increase growth.
There are 70 machines total, 8 of which are commercial grade—(4) 80 lb and (4) 60 lb.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
14,000 SF
Building Class
C
Year Built
1956
Price
$3,556,499 CAD
Price Per SF
$254.04 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.67 AC
Zoning
B2, Detroit
Parking
100 Spaces (7.14 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Signage
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $426,495 CAD |
