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357 S Old Woodward Avenue E

Birmingham, MI 48009
  • $74,900
  • STATUS: Active
  • ON SITE: 79 Days
  • ID#: 20221061496
UPDATED: 47 min ago
$74,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 700
    SQFT
  • $107
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1989
County:
Area:
Zoning:
Commercial

School Ratings & Info

School District:

Description

Don't miss your chance to take over an established tailor shop that has been in business for over 27 years. This Birmingham Tailor shop is well known and located in the desirable downtown area, right next to the famous Daxton Hotel. The sale is for the business only and includes the furniture and equipment. The storefront features a shop area with 2 dressing rooms, a back work area, a kitchen, and a bathroom. There is designated parking in the structure next to the store, along with additional guest parking. The shop's rent is 1,200 per month triple net lease. A long-term lease is in place, which is renewable for any desired length. Net profit after paying all expenses is $110,000 a year. Buyers must be knowledgeable in tailoring or be partnered with someone experienced to run this goldmine of a business. Hours for the shop are 9:00 am to 5:00 pm, closed on Sunday and Monday. Selling only for cash, no land contract please.

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IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp II Ltd.. © 2023 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2023-02-02T11:58:12.763.
www.nexushomesearch.com/homes/134781869
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357 S Old Woodward Avenue E Birmingham, MI 48009

  • Price: $74,900
  • Status: Active
  • On Site: 79 Days
  • Updated: 47 min ago
  • ID#: 20221061496
0
Beds
0
Baths
0
½ Baths
N/A
Acres
700
SQFT
$107
$/SQFT
1989
Built
Neighborhood:
Birmingham
County:
Oakland
Area:
Birmingham
School District:
BIRMINGHAM
Property Description
Don't miss your chance to take over an established tailor shop that has been in business for over 27 years. This Birmingham Tailor shop is well known and located in the desirable downtown area, right next to the famous Daxton Hotel. The sale is for the business only and includes the furniture and equipment. The storefront features a shop area with 2 dressing rooms, a back work area, a kitchen, and a bathroom. There is designated parking in the structure next to the store, along with additional guest parking. The shop's rent is 1,200 per month triple net lease. A long-term lease is in place, which is renewable for any desired length. Net profit after paying all expenses is $110,000 a year. Buyers must be knowledgeable in tailoring or be partnered with someone experienced to run this goldmine of a business. Hours for the shop are 9:00 am to 5:00 pm, closed on Sunday and Monday. Selling only for cash, no land contract please.
Exterior Features

Architecture Level 1 Story Construction Materials Brick Foundation Details Slab Road Frontage Feet 60 Road Frontage Type Paved Side Of Street E Waterfront YN No

Interior Features

Building Area Source Owner Heating Cooling Forced Air Heating Fuel Natural Gas Sq Ft Main 700 Sq Ft Office 700

Property Features

Buildings List Garage Business Type ServiceRetail Commercial Type Business Opportunity Current Use Tailoring Shop Existing Lease YN Yes Gross Scheduled Income 175000.00 Inventory Included YN No Land Contract YN No Listing Financing Cash Net Operating Income 110000.00 Operating Expense 25000.00 Ownership Status Short Sale - NoPrivate Owned Possession At Close Postal City Birmingham Protection Period 360 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 0.0000 Tax Amount Winter 0.0000 Title Standard (Private) Unparsed Address 357 S Old Woodward Avenue E Water Source Public (Municipal) Year Remodeled 2017 Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Re/Max First: (248) 375-4000 and Realcomp, ©2023 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp II Ltd.. © 2023 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2023-02-02T11:58:12.763.
 
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RE/MAX Nexus
255 E. Brown St - Suite 205
Birmingham MI, 48009