5318 Alter Road Detroit MI 48224 | MLS #20261067581

5318 Alter Road
Detroit, MI, 48224
$150,000
Beds
0 Baths
2,600 SqFt
0.12 Acres
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MLS #20261067581 image #0
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.

Property Details

Price:
$150,000
MLS #:
20261067581
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
RealEstateOnly
Subdivision:
ABBOTT & BEYMERS SUNDERLAND PARK SUB
Neighborhood:
area05055detconmorsgrathstn7mack
Listed Date:
Aug 24, 2026
Finished Sq Ft:
2,600
Total Sq Ft:
2,432
Year Built:
1988
Short SaleArea05055detconmorsgrathstn7mackArea05055detconmorsgrathstn7mackAbbott & Beymers Sunderland Park SubDetroit

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Schools

School District:
Detroit

Interior

Above Grade Finished Area
2600
Heating
Forced Air, Natural Gas
Levels
One

Exterior

Construction Materials
Block, Brick

Financial

Net Operating Income
$36,000
Taxes
$3,997

Map

Community

Subdivisions in Detroit

Market Summary

Current real estate data for Commercial in Detroit as of Aug 30, 2026
539
Commercial Listed
289
Avg DOM
146
Avg $ / SqFt
$597,597
Avg List Price

Property Summary

    Located in the ABBOTT & BEYMERS SUNDERLAND PARK SUB subdivision, 5318 Alter Road Detroit MI is a Commercial for sale in Detroit, MI, 48224. It is listed for $150,000 To schedule a showing of MLS#20261067581 at 5318 Alter Road in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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5318 Alter Road
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