Seller Financing - Lease to Own
15332 E Fort Southgate, MI
$ 1,150,000
Property Attributes
  • MLS#21607573
  • TypeCommercial
  • CountyWAYNE
  • CitySouthgate
  • AreaSouthgate
  • NeighborhoodSouthgate
  • Zip48195
  • StyleCommercial/Industrial
  • Year Built1965
  • Taxes$ 8676
  • Price$ 1,150,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4105
  • Lot Size0.31 Acres
Listing Provided Courtesy Of:
Remerica Integrity II
Data Source:
Michigan Multiple Listing Service
Property Description

16% CAP Rate. WOW- Operators or Investors- Fantastic Very Profitable Medical Practice, Pharmacy and Building Included all at this below market price. Bonus- Land Contract with Low Down Payment and Low Interest Rate/Terms. Owner is earning approximately $300,000.00 Profit. Will Accept Land Contract for $345K Down, 3-5 year Terms, and 5 % interest with VERY LOW $1800/MO Payment. You Can't beat this Deal. Practice has been in business for over 35 years. Turning away new Patients due to overload with other Practice. Showings by appointment only. Fantastic Business for Investors or as a Practice for Resident/MD or MD looking to expand business. Licensed agent must be physically present at all showings. No virtual tours.

Price History
5/21/2019 Listed $1,150,000

General Features

Commercial Features Cafe/Kitchen
Cooling Central A/C
Directions Southfield Highway (M39) to Fort Street
Financial Terms Cash, Conventional, Land Contract, Rent/Option to Buy
Heating Forced Air
Legal Description 31G1 TO 7 LOTS 1 TO 7 INCL FORT CHERRY SUB T3S R11E L70 P97 WCR
Listing Area Southgate (82146)
Municipality Southgate
Originating Mls RealComp
Ownership Private
Roof Asphalt
Source Mls MI Real Source
Status Active
Status Active
Subj To Short Sale Apprvl No
Type Commercial/Industrial
Water Public Water
Water Heater Gas
Year Built 1965
Zoning Commercial

Interior Features

Fuel Type Natural Gas

Exterior Features

Sale Includes Business and Real Estate, Inventory
Exterior Brick
Foundation Type Slab
Frontage 150
Lot Dimensions 150 X 90
Lot Size Area 0.31
Sewer Septic Public At Street
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 48195

AVG $370K
AVG $42,644
AVG 22
Year Built
AVG 1969
AVG 61
Data Provided by Walkscore ® not using MLS data