Commercial Investment Opportunity
Price
$1,350,000
Off-Market Listing: 14225 Schaefer Hwy, Detroit, MI 48227
Price: $1.35M | Quick Cash Sale | Lots of Equity
Property Overview:
Size: 44,000 Sq. Ft.
Former Use: Corporate Storage Facility
Lease Potential: $5 - $8 PSF
Approved Use: Cannabis Cultivation and Processing
Renovation Needs:
Estimated Cost: $200,000
Required Renovations:
New asphalt parking lot
Remodel of the facade for front and side entrances
Painting of the entire exterior of the building
Installation of new windows
Upgrading of exterior lighting
Valuation:
Recent BPO (January 2024): $1.8M (As Is, No Renovation)
Investment Highlights:
High equity potential
Ideal for investors looking for a quick cash sale
Approved for cannabis cultivation and processing, expanding its use potential
Due Diligence:
Access the comprehensive BPO and other due diligence documents via the following Dropbox Link.
Contact Information:
Submit Offers To: investments@promiselandrealtyllc.com
Don't miss out on this exceptional investment opportunity in Detroit. This 44k SF building offers significant potential with its high equity and leasing possibilities. Act quickly to capitalize on this prime property.
Aerial View
Property Map
"AMERICA'S #1 SOURCE FOR OFF MARKET PROPERTIES"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top
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