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    16242 Wyoming St Detroit, MI 48221

    For Sale
    $125,000

    Commercial/Industrial - Detroit, MI

    Property size:
    6,000 SF
    Lot size:
    0.09 Acres
    Days on Market:
    256
    Last Refresh:
    Dec 7 at 5:06 am

    Property Features for 16242 Wyoming St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    16037563-4
    Size
    6,000 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1961
    Building materials
    Brick
    Architectural style
    Other

    Century 21 AAA North (586) 274-1111 [email protected]

    Listing agent James Sagmani (586) 274-1111 License #6501290391

    Listing date Mar 27, 2025

    MLS# 50103413 Listing URL

    Copyright © 2025 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Detroit Commercial Building For Sale

    This full brick building, located on the main road in Detroit, Michigan, offers street exposure and multiple usage possibilities. The property, identified by two addresses, 16242 and 16244 Wyoming, is situated close to the highway. The building is being sold in as-is condition. The lot size is 0.09 acres and the building has a living area of 6,000 square feet. Land contract is available with terms to be negotiated.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1597752
    Latitude
    42.4117807

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    FAQs

    What type of property is this?
    Storefront property - Full brick building on main road with street exposure.
    Where is this storefront property located?
    The property is located at 16242 Wyoming St Detroit, MI.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Full brick building construction.; - Located on the main road with street exposure.; - Building has two addresses (16242-16244).
    (586) 274-1111
    Request Owner's contact information
    16242 Wyoming St Detroit, MI 48221
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    Detroit, MI 48221
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16242 Wyoming St Detroit, MI 48221
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