Heather Hosking - Arterra Realty Logo
$150,000
( $61.68Per Sq Foot )
 $805 est/mo Sourced by Back At You

5318 Alter Road,Detroit, MI 48224

Detroit, MI 48224

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Description

Check out this beautiful commercial building, formerly operated as a successful party store since 1988. The property is in very good condition, fully up to city code and regulations, and offers a turnkey opportunity for the right buyer. It features 15 walk-in cooler doors, a newer rooftop HVAC system, a newer hot water tank, and a roof that's only seven years old. The store also includes all shelving, countertops, a new cooling compressor, and recently repaved blacktop parking. There is both on-site and street parking available. Tenants are currently on a month-to-month lease, offering flexibility for future plans. The store closed at the end of April 2017 but was a profitable business for nearly three decades. With hard-working new ownership, this location has strong potential to thrive once again. Don't miss this chance to take over a well-maintained property with a proven track record in a high-traffic area.

Details

MLS #61023982
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Days On Site50
Listing Provided ByS&P Realty | Shane Parker

Features

SQ Feet2,432
ZoningProfessional Office,Commercial
Acreage0.12

Interior

Heating Yes / NoYes
HeatingForced Air

Exterior

Construction MaterialsBrick
Foundation DetailsSlab

Other

List AorReal Comp

Taxes

Property3997

Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48224
AreaDetroit (82001)
Community NameAbbott & Beymers Sunderland Park Sub
Listing VS Median (in Abbott & Beymers Sunderland Park Sub)
Price:
$150,000
low | high
Med:
$150,000
50% of Average
sqft:
2,432
low | high
Med:
2,432
50% of Average
$ / sqft:
$62
low | high
Med:
$62
50% of Average
On site:
50
low | high
Med:
50
100% of Average
Sourced by Back At You

Market Activity 48224

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Additional Information

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Contact

Learn More About This Property

Heather Hosking

Heather Hosking

Arterra

432975 (586) 489-7725heather.hosking@arterrarealty.com
StateMI
CountyWayne
CityDetroit
Zip Code48224
AreaDetroit (82001)
Community NameAbbott & Beymers Sunderland Park Sub
Listing VS Median (in Abbott & Beymers Sunderland Park Sub)
Price:
$150,000
low | high
Med:
$150,000
50% of Average
sqft:
2,432
low | high
Med:
2,432
50% of Average
$ / sqft:
$62
low | high
Med:
$62
50% of Average
On site:
50
low | high
Med:
50
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $112K - $187K
sqft: 1,500 - 3,000
Nearby Listings Property ImageNearby Listings Details
5318 Alter Road Property Photo 1
$150,000
5318 Alter Road
Detroit, MI 48224
5584 Alter Road Property Photo 1
$160,000
5584 Alter Road
Detroit, MI 48224
5584 Alter Road Property Photo 1
$160,000
5584 Alter Road
Detroit, MI 48224
Listing Updated: September 29, 2026 at 5:44:24 AM PDT