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11122-11138 Hayes Street

Detroit, MI 48213
  • $600,000
  • STATUS: Active
  • ON SITE: 174 Days
  • MLS #: 20240082609
$600,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,850
    SQFT
  • $68
    $/SQFT
Type:
Commercial
Built:
1939
County:
Zoning:
Commercial
Lot Size Dimensions:
144.00 x 100.00

School Ratings & Info

School District:

Description

Welcome to our listing for an exceptional 8-unit commercial building located on the desirable eastside of Detroit. This well-maintained property presents a unique opportunity for residential and commercial investors alike. With its convenient location in a residential area, this building offers the potential for a variety of uses. Let's explore the captivating features of this property: Desirable Residential Location: Situated in a sought-after residential area on the eastside of Detroit, this commercial building offers a peaceful and comfortable environment for tenants. Established Tenant: One of the units is occupied by a long-standing barber shop, providing a stable and consistent income stream. This tenant adds value and reliability to the property. Refurbished Exterior: The exterior of the building has been completely refurbished, showcasing a fresh and updated look. This modernized facade creates a positive first impression and attracts potential tenants. Updated Units: Each of the eight units in the building has been thoughtfully updated to ensure comfort and functionality. The modernized interiors are designed to meet the needs of both residential and commercial tenants. Versatility for Residential or Commercial Use: With a mix of residential and commercial units, this property offers flexibility for various types of tenants. It presents an excellent opportunity for those seeking a live-work space or small-scale businesses that cater to the local community. Ample Fenced-in Parking: The property boasts two spacious fenced-in parking lots, accommodating up to 30 cars. This convenient parking solution ensures ease of access for tenants and their visitors. This 8-unit commercial building in the residential eastside of Detroit offers a unique investment potential. With an established tenant, refurbished exterior, updated units, and ample parking, this property presents an opportunity to tap into the local community's needs. BATVAI

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IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Snyder & Company, Realtors® and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Berkshire Hathaway HomeServices Snyder & Company, Realtors® are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-04-25T04:51:27.873.
www.bhhssnyder.com/homes/157412444
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11122-11138 Hayes Street Detroit, MI 48213

  • Price: $600,000
  • Status: Active
  • On Site: 174 Days
  • MLS #: 20240082609
0
Beds
0
Baths
0
½ Baths
0.33
Acres
8,850
SQFT
$68
$/SQFT
1939
Built
Neighborhood:
Barbers Hayes Blvd (Plats )
County:
Wayne
Area:
Det Con-mors/Grat. Hstn/7 Mack
School District:
DETROIT
Property Description
Welcome to our listing for an exceptional 8-unit commercial building located on the desirable eastside of Detroit. This well-maintained property presents a unique opportunity for residential and commercial investors alike. With its convenient location in a residential area, this building offers the potential for a variety of uses. Let's explore the captivating features of this property: Desirable Residential Location: Situated in a sought-after residential area on the eastside of Detroit, this commercial building offers a peaceful and comfortable environment for tenants. Established Tenant: One of the units is occupied by a long-standing barber shop, providing a stable and consistent income stream. This tenant adds value and reliability to the property. Refurbished Exterior: The exterior of the building has been completely refurbished, showcasing a fresh and updated look. This modernized facade creates a positive first impression and attracts potential tenants. Updated Units: Each of the eight units in the building has been thoughtfully updated to ensure comfort and functionality. The modernized interiors are designed to meet the needs of both residential and commercial tenants. Versatility for Residential or Commercial Use: With a mix of residential and commercial units, this property offers flexibility for various types of tenants. It presents an excellent opportunity for those seeking a live-work space or small-scale businesses that cater to the local community. Ample Fenced-in Parking: The property boasts two spacious fenced-in parking lots, accommodating up to 30 cars. This convenient parking solution ensures ease of access for tenants and their visitors. This 8-unit commercial building in the residential eastside of Detroit offers a unique investment potential. With an established tenant, refurbished exterior, updated units, and ample parking, this property presents an opportunity to tap into the local community's needs. BATVAI
Exterior Features

Architecture Level 1 Story Construction Materials Block Foundation Details Crawl Lot Size Dimensions 144.00 x 100.00 Road Frontage Feet 144 Road Frontage Type Paved Waterfront YN No

Interior Features

Sq Ft Main 8850

Property Features

Assessment 450.00 Commercial Type Real Estate Only Deposit Amount 240000.00 Existing Lease YN Yes Gross Scheduled Income 12000.00 Inventory Included YN No Land Contract YN Yes Land Interest Rate 10 Land Payment 7400 Land Terms 120 Listing Financing CashContractConventionalWarranty Deed Net Operating Income 4000.00 Operating Expense 8000.00 Ownership Status Short Sale - NoPrivate Owned Possession At Close Postal City Detroit Protection Period 180 Days Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 10166.0000 Tax Amount Winter 1189.0000 Title Standard (Private) Total Tax 11355.0000 Unparsed Address 11122-11138 HAYES Street Water Source Public (Municipal) Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via EXP Realty Main: (888) 501-7085 and Realcomp, ©2025 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Snyder & Company, Realtors® and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Berkshire Hathaway HomeServices Snyder & Company, Realtors® are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-04-25T04:51:27.873.
 
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