| Street Address | 13144-13158 W. Seven Mile Rd Detroit, Michigan 48221 |
| Cross Streets | Near Outer Drive and Southfield Expressway |
Property Overview |
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| Building Size: | 7,160 Square Feet |
| Land Size: | 128 x 113 |
| Age: | 1950s |
| Construction: | Brick / Block |
| Foundation: | Cement Slab |
| Zoning: | B-2 Commercial |
Building Features / Interior Layout |
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| Seating Capacity: | Licensed for 120 children with current tenant/operator |
| Offices: | 2/3 Offices |
| Classrooms: | 4 Large Multipurpose Classrooms |
| Restrooms: | 5/6 Restrooms |
| Extras: | 4 Large Multipurpose Rooms (Classrooms), 2/3 Offices, 5/6 Restrooms, Alarm, Small Kitchen, Fenced Playground. |
Site Features / Exterior & Systems |
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| Parking: | Some parking in back of the building. The balance is on-street parking |
| HVAC: | Gas Forced Air / Central Air |
Location & Legal Information |
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| Parcel Number: | 22017441 + 22017442 + 22017443 |
Financial Details |
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| Taxes: | $9,085.48 (2019) |
| Terms: | There is an existing lease to a day care center that runs through January of 2022. The lease pays $6,000.00 per month. The tenant pays for all maintenance and utilities. The owner pays all taxes and insurance. |
| Investment Potential: | This property currently has income of $72,000.00 per year. The taxes and insurance are approximately $12,000.00 per year. Net operating income of $60,000.00 per year. The day care center has been in the building for almost 4 years. They are the sole exclusive tenant on a 24/7 basis. This is one of the few buildings that is approved for and operating as a day care center. 18% return on investment at current asking price and rental income. Present tenant may be interested in extending lease. |
