For Sale
24821 5 Mile Road, Redford, MI 48239
$499,900
MLS # 20261044796 (Realcomp)
Built 19580.2 acres
1 / 13
Listing Description
Exceptional investment opportunity featuring an 8-unit commercial property comprised of two separate buildings, each containing four fully leased units. 24821 and 24865 5 Mile Rd. This well-maintained asset offers immediate and stable cash flow with 90% occupancy and established tenants in place. The property is strategically configured with two standalone 4-unit buildings, providing operational flexibility, and ease of management. Each unit is designed to accommodate a variety of commercial uses, making the property attractive to a diverse tenant base. With strong rental income, and minimal vacancy risk, this turnkey investment is ideal for investors seeking dependable returns and long-term appreciation potential. New roof added on both buildings in June/26.The property's layout, tenant mix, and income-producing performance make it a valuable addition to any commercial real estate portfolio.
Source: SparkMLS
About this home
Currently offered at $499,900.
Estimated annual property tax: $8,282, or about $690 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size0.2 acres
Year Built1958
Location
CityRedford
MunicipalityRedford Twp
Zip Code48239
CountyWayne
School DistrictRedford Union
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed6/14/2026
Source: SparkMLS
Tax Information
Annual Tax$8,282
Parcel #79025040022006
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Frank Alsaghir
RE/MAX Team 2000
Frequently Asked Questions about 24821 5 Mile Road, Redford, MI 48239
What school district is 24821 5 Mile Road, Redford, MI 48239 in?
Per MLS# 20261044796, this property is served by Redford Union. In Michigan, school district boundaries are set by the state and do not always follow city limits.
How much are property taxes for this home?
Per MLS# 20261044796, the most recent reported annual property tax for 24821 5 Mile Road, Redford, MI 48239 is $8,282. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 24821 5 Mile Road, Redford, MI 48239 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 24821 5 Mile Road, Redford, MI 48239 is in flood zone AE (high risk). Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Monthly payment$3,242
Principal & interest$3,242
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
24821 5 Mile Road, Redford, MI 48239
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Municipality
Redford Township
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County
Wayne County
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