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    20524 W Warren Ave Detroit, MI 48228

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    For Sale
    $479,000

    Retail building and vacant lot in high-traffic Detroit location.

    Property size:
    3,923 SF

    Property Features for 20524 W Warren Ave

    General Information

    Size
    3,923 SF

    Building Details

    Year built
    1959

    Source: Mohammed "Moe" Al-Thihabawy Agent Mohammed "Moe" Al-Thihabawy

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

    Overview

    Detroit Retail Building and Lot

    Located at 20524 and 20538 W Warren Ave, Detroit, MI 48228, this property features a single-story retail building and an adjacent vacant lot. Constructed in 1959, the retail building is approximately 3,923 square feet and situated on a 0.10-acre parcel. The building is configured for single tenancy and includes 3 on-site surface parking spaces. The property is zoned B4, which supports a wide range of commercial uses. The neighboring vacant lot at 20538 W Warren Ave is 0.14 acres (6,098 SF) and was previously improved with a residential structure. Combined, the parcels total approximately 0.24 acres with 103 feet of street frontage on W Warren Ave. The site is located in the Detroit West of Woodward submarket, south of I-96, near public transit lines and a high-traffic retail corridor with visibility to over 12,000 vehicles per day.
    Insight Report Location Intelligence

    Current Use by Public Records

    Advanced Care Medical ... Medical Clinic Kopald Newman M ... Doctor

    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
    -83.240553
    Latitude
    42.343309

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    FAQs

    What type of property is this?
    Retail space - Retail building and vacant lot in high-traffic Detroit location.
    Where is this retail space located?
    The property is located at 20524 W Warren Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: - High-traffic location with visibility to over 12,000 vehicles per day on W Warren Ave.; - B4 zoning supports a wide range of commercial uses.; - Combined 0.24 acres with 103 feet of street frontage.
    (313) 460-8423
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    Detroit, MI 48228
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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
    20524 W Warren Ave Detroit, MI 48228
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