Two Detroit Commercial
14524 Harper Avenue Detroit, MI 48224
COMMERCIAL - Detroit, MI
Type:Office
Property size:
920 SFLot size:
0.05 AcresPrice / SF:
$211/SF- Added:
- Sep 17, 2025
- Days on Market:
- 297
- Last Refresh:
- Jul 10 at 10:06 am
Property Features for 14524 Harper Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 21003965.
- Size
- 920 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- S HARPER 7 PARTNER LAND SUB L42 P31 PLATS, W C R 21/612 20 X 100
- Tax Annual Amount
- 540
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1925
- Number of units
- 1
Listing agent Robert Lawrence (248) 705-2086
Listing office @properties Christie's Int'l 400 S Old Woodward Ave #100, Birmingham, MI (248) 850-8632
Listing date Sep 17, 2025
MLS# 25047811
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering presents the opportunity to acquire two commercial buildings and an additional lot. The properties include a 3,235-square-foot building on 0.14 acres and a 920-square-foot building on 0.05 acres, along with a separate 0.05-acre parcel. Currently occupied by Harper Upholstery Workroom, the sale offers the option to include all upholstery equipment, operating tools, and inventory, presenting a turnkey opportunity for a new or expanding business. The buildings feature forced air heating and cooling with well-maintained systems. The location provides easy access to I-94 and ample parking. There is room for future growth or expansion. This versatile property has strong potential in a convenient location.
Key Highlights
- Turnkey opportunity with optional upholstery equipment, tools, and inventory included.
- Two commercial buildings (3,235 SF and 920 SF) plus an additional 0.05‑acre lot.
- Excellent location with easy access to I‑94.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $24.48 |
| − Vacancy | −$3.0k | −$3.30 |
| EGI | $19.5k | $21.18 |
| − OpEx | −$4.9k | −$5.29 |
| NOI | $14.6k | $15.88 |
920 SF · lease $24.48/SF/yr · vacancy 13.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$208.7K
$182.6K – $243.5K
NOI $14,611 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$232.1K
$203.1K – $270.7K
NOI $16,244 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two commercial buildings with additional lot, turnkey opportunity.
Where is this office units located?
The property is located at 14524 Harper Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Turnkey opportunity with optional upholstery equipment, tools, and inventory included.; Two commercial buildings (3,235 SF and 920 SF) plus an additional 0.05‑acre lot.; Excellent location with easy access to I‑94.
