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    2305-2321 Junction St Detroit, MI 48209

    For Sale
    $599,000

    Apartments,Real Estate Only - Detroit, MI

    Property size:
    5,300 SF
    Lot size:
    0.09 Acres
    Days on Market:
    41
    Last Refresh:
    Dec 6 at 11:06 am

    Property Features for 2305-2321 Junction St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Multiple,Office
    APN
    W16I013275S
    Size
    5,300 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Expense value
    300000
    Expense
    Security Deposit
    Expense freq.
    Once

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1905
    Year renovated
    2015
    Floors in Building
    2
    Building materials
    Block
    Roof type
    Built-Up, Rubber
    Architectural style
    Other

    eXp Realty (888) 501-7085 [email protected]

    Listing agent Fadi Dabaja (888) 501-7085

    Listing date Oct 27, 2025

    MLS# 20251045064 Listing URL

    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.

    Overview

    Detroit Multi-Parcel Commercial Property

    Located in Detroit's Southwest neighborhood, the property at 2305-2321 Junction Street is a multi-parcel commercial property. The two-story block structure contains over 5,300 square feet of functional space. The property consists of three contiguous parcels, each approximately 31 x 114 feet, combining for a total of 0.09 acres. It is zoned B4 General Business, which allows for retail, medical, service, office, and multi-unit residential conversions. The property features five units: three apartments and two retail spaces. Three units are currently leased. The three 1-bedroom apartments are each approximately 750 square feet. The commercial suites are suited for storefronts or professional offices. On-site and street parking are available, along with alley access. Three additional adjacent parcels are included for parking or expansion. The property is located near Vernor Highway's retail corridor, local businesses, restaurants, and cultural attractions, such as Taqueria Mi Pueblo, Armando’s, and Clark Park. It has access to I-75, Michigan Avenue, and the Ambassador Bridge, providing connectivity to Downtown Detroit and Dearborn.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -83.1044083
    Latitude
    42.3209034

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    FAQs

    What type of property is this?
    Mixed-use property - Two-story commercial property with retail and residential units in Detroit.
    Where is this mixed-use property located?
    The property is located at 2305-2321 Junction St Detroit, MI.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - High-income potential: Currently generating $72,000 gross annual income and $54,000 net operating income with three of five units leased.; - Versatile B4 zoning allows for a wide range of uses.; - Prime location in Detroit's Southwest neighborhood, steps from Vernor Highway's retail corridor.
    (888) 501-7085
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    2305-2321 Junction St Detroit, MI 48209
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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
    2305-2321 Junction St Detroit, MI 48209
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