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    666 Peterboro St Detroit, MI 48201

    For Sale
    $1,100,000

    Real Estate Only - Detroit, MI

    Property size:
    3,435 SF
    Lot size:
    0.44 Acres
    Days on Market:
    188
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 666 Peterboro St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Multi-Family,Office,Residential
    APN
    040006289
    Size
    3,435 SF
    Lot size
    0.44 Acres

    Building Details

    Year built
    1920
    Building materials
    Block
    Architectural style
    Other

    RE/MAX Innovation (734) 246-2200 [email protected]

    Listing agent Farhan Pervez (734) 246-2200

    Listing date Jun 9, 2025

    MLS# 20251004230 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 Mixed-Use Redevelopment Opportunity

    Located just south of Martin Luther King Jr. Blvd. with immediate access to the John C. Lodge Freeway, this 3,435 SF structure is situated on a 0.44-acre lot. The property is in a rapidly evolving Detroit neighborhood. Zoned SD2 (Special Development District – Mixed-Use), this property offers flexibility for redevelopment. Potential uses include multifamily housing, retail, creative office space, live/work lofts, light manufacturing, or a hybrid of these. The zoning allows for both residential and commercial uses. The building features public utilities, forced air heating, and slab construction. It is ready for adaptive reuse or new vertical development. The location is surrounded by Midtown’s cultural and economic anchors, including Wayne State University, Detroit Medical Center, Little Caesars Arena, and the Cass Corridor. The site is positioned at the crossroads of arts, education, and commerce. The property is located in Detroit, MI, with a postal code of 48201, in Wayne County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0636319
    Latitude
    42.3435914

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    FAQs

    What type of property is this?
    Mixed-use property - 3,435 SF property on 0.44 acres in evolving Detroit neighborhood.
    Where is this mixed-use property located?
    The property is located at 666 Peterboro St Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Prime location in a rapidly evolving Detroit neighborhood, south of Martin Luther King Jr. Blvd. with immediate access to the John C. Lodge Freeway.; - Expansive 0.44-acre (100’ x 190’) lot suitable for redevelopment.; - Flexible SD2 (Special Development District – Mixed-Use) zoning allows for diverse uses including multifamily housing, retail, office, live/work lofts, and light manufacturing.
    (734) 246-2200
    Request Owner's contact information
    666 Peterboro St Detroit, MI 48201
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    Detroit, MI 48201
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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
    666 Peterboro St Detroit, MI 48201
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