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    2647 Michigan Ave Detroit, MI 48216

    For Sale
    $725,000

    4,000 SF retail building near Michigan Central Station.

    Lot size:
    0.16 Acres

    Property Features for 2647 Michigan Ave

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1927

    Source: O'Connor Realty Detroit, LLC Agent Ryan P Cooley

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

    Overview

    Corktown Retail Building Near Station

    This 4,000-square-foot retail building is located in the heart of Corktown, steps from Fords Michigan Central Station. The property offers the potential to be reconfigured into up to three distinct retail spaces, suitable for a variety of uses. Architectural elements include original hardwood floors and exposed brick walls. Recent upgrades include improvements to the HVAC and electrical systems.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0830853
    Latitude
    42.3310879

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    FAQs

    What type of property is this?
    Retail space - 4,000 SF retail building near Michigan Central Station.
    Where is this retail space located?
    The property is located at 2647 Michigan Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Corktown, steps from Fords Michigan Central Station.; - **4,000-square-foot retail building** with potential for reconfiguration into up to three separate spaces.; - Characterful architectural elements including original hardwood floors and exposed brick walls.
    (313) 963-9891
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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
    2647 Michigan Ave Detroit, MI 48216
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