5318 Alter Road, Detroit, MI 48224

• 2,432 sqft

Property Description

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.

Listing Status:

Active

Date Added:

May 22, 2025

Data Last Updated:

May 22, 2026 at 4:45AM

Listing Office:

S&P Realty : 734-333-7219

Listing Agent:

Shane Parker : 734-333-7219

MLS ID:

60396709

Construction

• General: BrickSlab

Location

• Road/Access: Paved
• Originating MLS: MiRealSource
• County: Wayne

Lot

• Zoning: E ALTER 207&208 ABBOTT & BEYMERS SUNDERLAND PARK SUB L36 P93 PLATSW C R 21/428 40 X 125.31A

Utilities

• Water: Public

Financial

• Source: MiRealSource