$275,000
19612 SCHOENHERR Street
Details
APN W21I029538C40
Property Type Mixed Use
Square Footage 4,200
NOI $226,000
Year Built 1959
Acreage 0.160
Mixed Use | 4,200 SqFt
Marketing description
Prime commercial opportunity in Detroit! This 4,200 sq. ft. versatile property at 19612 Schoenherr Street is a fully functional event center with a bar and commercial kitchen. The space is ideal for hosting private parties, corporate events, or community gatherings.
Additionally, one side of the building has been converted into a fully equipped barber shop with five chairs available for lease, providing an additional income stream. With ample parking and a high-traffic location, this property offers endless potential for entrepreneurs and investors.
Potential Uses for New Owner:
Restaurant or Catering Business – Utilize the commercial kitchen to establish a dine-in or carry-out eatery.
Nightclub or Lounge – Capitalize on the existing bar and event setup for entertainment.
Co-Working or Creative Space – Convert into shared office space, a photography studio, or a content creation hub.
Wellness or Beauty Center – Expand on the barber shop concept by adding a nail salon, spa, or beauty services.
Community Center or Church – A great location for gatherings, programs, and outreach services.
Retail or Specialty Store – Transform the space into a boutique, convenience store, or specialty shop.
Don’t miss this incredible investment opportunity! Contact me today for a private showing.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$226,000.00
$18,833.33/mo
Valuation Metrics
0
DSCR
82.18%
Cap Rate
82.18%
ROI
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