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    742-744 Lothrop Rd Detroit, MI 48202

    For Sale
    $500,000

    2,600 SF live/work space in the Central Business District.

    Property size:
    2,600 SF
    Lot size:
    0.14 Acres

    Property Features for 742-744 Lothrop Rd

    General Information

    Size
    2,600 SF
    Lot size
    0.14 Acres

    Source: Exclusive Realty Agent Steve Sagmani

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Live/Work Space in Detroit

    This 2,600 square foot live/work space features two stories and two units. Situated on 0.14 acres of land, the property includes surface parking for 10 cars. It is located in the Central Business District and offers convenient access to Woodward Avenue and the John C Lodge Freeway. The property has an excellent walk score of 91 and presents a value-add opportunity.
    Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.080906
    Latitude
    42.369081

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    FAQs

    What type of property is this?
    Live-work space - 2,600 SF live/work space in the Central Business District.
    Where is this live-work space located?
    The property is located at 742-744 Lothrop Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Excellent Walk Score of 91; - Located in the Central Business District; - **2,600 SF Live/Work Space**
    (248) 833-6601
    Request Owner's contact information
    742-744 Lothrop Rd Detroit, MI 48202
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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
    742-744 Lothrop Rd Detroit, MI 48202
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