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5318 Alter Road
Detroit MI 48224 US

$160,000

Active Listing ID 20251001440
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Lot: 0.12 Acres
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Other

$160,000

Active Listing ID 20251001440
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5318 Alter Road Check out this beautiful commercial building, formerly operated as a successful party store since 1988. The property is in very good condition, fully up to city code and regulations, and offers a turnkey opportunity for the right buyer. It features 15 walk-in cooler doors, a newer rooftop HVAC system, a newer hot water tank, and a roof that’s only seven years old. The store also includes all shelving, countertops, a new cooling compressor, and recently repaved blacktop parking. There is both on-site and street parking available. Tenants are currently on a month-to-month lease, offering flexibility for future plans. The store closed at the end of April 2017 but was a profitable business for nearly three decades. With hard-working new ownership, this location has strong potential to thrive once again. Don’t miss this chance to take over a well-maintained property with a proven track record in a high-traffic area.

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Property Features

  • Facts
  • Lot Size: 0.12 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 160000
  • unparsedaddress: 5318 Alter Road
  • postalcity: Detroit
  • stateorprovince: MI
  • country: US
  • postalcode: 48224
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.12
  • lotsizeunits: Acres
  • lotsizearea: 0.12
  • livingarea: 2432
  • livingareaunits: Square Feet
  • listagentfullname: Shane Parker
  • listagentemail: broker@sprealtymi.com
  • listagentkey: 3yd-REALCOMPMI-397534
  • listagentmlsid: 397534
  • listagentpreferredphone: 7343337219
  • listagentofficephone: 7343337219
  • listofficekey: 3yd-REALCOMPMI-431976
  • listofficemlsid: 431976
  • disclaimer: Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: REALCOMPMI
  • yearbuilt: 1988
  • listingcontractdate: 2025-05-22
  • listagenturl: http://www.sprealtyco.com
  • countyorparish: Wayne
  • parcelnumber: 21062955
  • elementaryschooldistrict: Detroit
  • middleorjuniorschooldistrict: Detroit
  • highschooldistrict: Detroit
  • constructionmaterials: Block, Brick
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"S&P Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"broker@sprealtymi.com", "ListBrokerageCity":"Grosse Pointe Park", "ListBrokerageCountry":"US", "ListBrokerageEmail":"broker@sprealtymi.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"S&P Realty", "ListBrokeragePhone":"(313) 454-8608", "ListBrokeragePostalCode":"48230", "ListBrokerageStateOrProvince":"MI", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"15324 Mack Ave, suite 702", "ListBrokerageWebsiteUrl":"http://www.sprealtyco.com/", "ListOfficeAddress1":"15324 Mack Ave Ste. 702", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"397534", "ListOfficeCity":"Grosse Pointe Park", "ListOfficeCountry":"US", "ListOfficeEmail":"broker@sprealtymi.com", "ListOfficePostalCode":"48230", "ListOfficeStateOrProvince":"MI", "ListPriceCurrencyType":"USD", "ListingTitle":"Real Estate Only - Detroit, MI", "ListingURL":"https://listings.listhub.net/pages/REALCOMPMI/20251001440/?channel=rexren", "MLSModificationTimestamp":"2025-09-20T23:33:20Z", "Neighborhoods":[{"Description":null, "Name":"Det Con-Mors/Grat. Hstn/7 Mack"}], "PostalCode":null, "RawPropertySubType":"Real Estate Only", "RawPropertyType":"Commercial/Industrial", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":4023, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/8/2025 2:34:57 PM GMT
Source Updated Date: 12/5/2025 6:42:08 PM GMT

Courtesy of: Shane Parker, S&P Realty, broker@sprealtymi.com

Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.