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3,729 sqft

$449,900

24821 5 Mile Road, Redford Charter Township Wayne Michigan, 48239

Price per sqft$120.65
Built in1958
Property size3,729 sqft
Property typeCommercial

Overview

Active

Listed Jun 15, 2026

Updated 10 days ago

Exceptional investment opportunity featuring an 8-unit commercial property comprised of two separate buildings, each containing four fully leased units. 24821 and 24865 5 Mile Rd. This well-maintained asset offers immediate and stable cash flow with 90% occupancy and established tenants in place. The property is strategically configured with two standalone 4-unit buildings, providing operational flexibility, and ease of management. Each unit is designed to accommodate a variety of commercial uses, making the property attractive to a diverse tenant base. With strong rental income, and minimal vacancy risk, this turnkey investment is ideal for investors seeking dependable returns and long-term appreciation potential. New roof added on both buildings in June/26.The property's layout, tenant mix, and income-producing performance make it a valuable addition to any commercial real estate portfolio.

Other Property Details

Taxes
$8,282
Tax Frequency
Annually
55+/Senior Community
No

 

Courtesy of RE/MAX Team 2000

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Data last updated 3:30 AM UTC, 10/1/2026

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