21710 29 Mile, Ray, Michigan 48096
Listed By CENTURY 21 Professionals
The Commercial Property for Sale located at Ray, Michigan 48096 is currently for sale. Ray, Michigan 48096 is listed for $405,000. If the property located at Ray, Michigan 48096 isn't what you're looking for, visit https://www.century21global.com to see other Commercial Properties for Sale in Ray .
Date Updated : Jun 4, 2025
Property features
Construction details
- Year built: 1942
Other features
- Cooling system: Central AC
Description
Welcome to this fantastic investment opportunity in a prime location! This 2-story 3 unit building features two spacious apartments upstairs, each 938 sqft with 2 bedrooms and 1 bath. The lower level is 1876 sqft currently being used as living quarters but can be reverted back to business use as store, retail, office and more, offering endless possibilities for additional income streams. Each unit provides a private entrance. Located in an area with high traffic counts and high visibility. This property is perfect for entrepreneurs looking to establish a business in a prime community. The apartments provide a steady rental income, making this property a lucrative investment for any savvy investor. CAP RATE 8% or more (current rent is well below area average). Land contract available. Huge lot would allow plenty of space for expansion. Will consider all reasonable offers!
Location
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