13970 Wyoming St, Detroit

$1,600,000

0 Beds
0 Baths
5,400 Sqft
.41 Acres
0 Garages

Great investment opportunity for a Liquor store with real estate in a great location at a very busy intersection. Easy access from I-96. Newly renovated. 5,500 sqft of store area. Top 10 Patron Sales in Michigan. Adjacent parking lot serves 700 cars per weekday and doubles during weekends with a lot of walk-in traffic. Additional businesses: Nexus cards, Western Union money transfer, Fax and color copy. Western union and money gram is NON transferable. Includes gas generator, built in storage, partners with Greenlight (Detroit Police), bottle return machine. Kitchen earns $10,000 per month net. 15% Year over year growth. Liquor store makes $41,192 per week gross income. Lotto makes $31,200 net commission Inventory valued at $230,000. Check cashing makes $26,400 net. Total Annual Gross Revenue $2,142,000. Annual Net Income $514,580. 32% CAP. Excellent opportunity to grab this highly profitable business with 32% CAP.

Essential Information
MLS® #2200006374
Price$1,600,000
Square Footage5,400
Acres0.41
Year Built1954
TypeCommercial
Sub-TypeBusiness&real Estate
StatusActive
Community Information
Address13970 Wyoming St
CityDetroit
CountyWayne
StateMI
Zip Code48238
Area

05042-Det 6-Tire - Grnfld - Livernois

Subdivision

MORE THAN ONE SUBDIVISION INVOLVED

Utilities

3 Phase Power, 440V Available, Fire Sprinkler, Security Alarm

Interior
HeatingForced Air
Exterior
ExteriorBrick, Vinyl, Steel/Metal
Exterior FeaturesSprinkler(s)
FoundationSlab
School Information
DistrictDetroit
Additional Information
ZoningCommercial
Listing Details
OfficeSohi Realty LLC
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