13144-13158 W. Seven Mile Rd
Detroit, Michigan 48221
(Wayne County)
OFF MARKET
Operating Day Care Center
Day Care Center with 2/3 Offices, 4 Large Multipurpose Classrooms, 5/6 Restrooms, Alarm, Small Kitchen, Fenced Playground Area. his property also has investment potential due to the cash flow from the tenant.
General Information
| Street Address |
13144-13158 W. Seven Mile Rd
Detroit, Michigan 48221 |
| Cross Streets |
Near Outer Drive and Southfield Expressway |
| Building Size |
7,160 Sq Ft |
| Land Size |
128 x 113 |
Property Overview |
| Age: |
1950s |
| Construction: |
Brick / Block |
| Foundation: |
Cement Slab |
| Zoning: |
B-2 Commercial |
Building Features / Interior Layout |
| 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 |
| Parking: |
Some parking in back of the building. The balance is on-street parking |
| HVAC: |
Gas Forced Air / Central Air |
Location & Legal Information |
| Parcel Number: |
22017441 + 22017442 + 22017443 |
Financial Details |
| 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. |
Property Features
- Air Conditioning
- Alarm System
- Classrooms
- Day Care
- Multi-Purpose Room
- Kitchen
- Offices
- Fenced Playground
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The accuracy of all information, although deemed reliable, is not guaranteed or warranted.
All information should be independently verified.
