24821 5 Mile Road Redford MI 48239 MLS #20261044796

24821 5 Mile Road
Redford, MI, 48239
$499,900
Beds
0 Baths
3,729 SqFt
0.2 Acres
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MLS #20261044796 image #0
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.

Property Details

Price:
$499,900
MLS #:
20261044796
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
RealEstateOnly
Subdivision:
JAMES S BONADEO SUB
Neighborhood:
area05031redfordtwp
Listed Date:
Jun 15, 2026
Finished Sq Ft:
3,729
Total Sq Ft:
3,729
Year Built:
1958
Short SaleArea05031redfordtwpArea05031redfordtwpJames S Bonadeo SubRedfordunion

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Schools

School District:
RedfordUnion

Interior

Above Grade Finished Area
3729
Cooling
Central Air
Heating
Forced Air, Natural Gas
Levels
One

Exterior

Building Features
OutsideLighting
Construction Materials
Brick
Parking Features
ParkingLot
Roof
Asphalt, Other

Financial

Net Operating Income
$40,000
Taxes
$8,282

Map

Community

Market Summary

Current real estate data for Commercial in Redford as of Jun 18, 2026
16
Commercial Listed
123
Avg DOM
260
Avg $ / SqFt
$425,731
Avg List Price

Property Summary

    Located in the JAMES S BONADEO SUB subdivision, 24821 5 Mile Road Redford MI is a Commercial for sale in Redford, MI, 48239. It is listed for $499,900 To schedule a showing of MLS#20261044796 at 24821 5 Mile Road in Redford, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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