Property profile

12062 Broadstreet Ave Detroit, MI 48204

OFF-MARKET
Retail space
Property ID
US43-1292330
3,396 SF 0.17 ac lot Built 1926
Individually Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 12062 Broadstreet Avenue in Detroit, Michigan, presents a compelling investment opportunity. The building, constructed in 1926 and extensively renovated in 2024, boasts a generous 3,000 square feet of space, currently vacant and ready for immediate occupancy. Situated on a sizable 7,509 square foot lot, the single-story structure benefits from high visibility and traffic, making it ideal for a variety of commercial ventures. The asking price is $299,900, translating to a price per square foot of $99.97. This represents a strong value proposition in the vibrant Detroit market. The property's prime location in Wayne County, with easy access to major thoroughfares, further enhances its appeal. The building's recent renovation ensures modern amenities and functionality, minimizing upfront capital expenditures for the new owner. This is a rare chance to acquire a well-positioned, renovated mixed-use property in a rapidly developing area of Detroit. The vacant status allows for complete customization to suit the buyer's specific business needs and vision. Serious inquiries are encouraged to explore this promising investment prospect.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1926
Total area 3,396 SF
Lot 0.17 ac (7,405 SF)
Zoning code R5
APN 14012120.
UPID US43-1292330

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12062 Broadstreet Ave Detroit, MI 48204-1552
Detroit metro Census 530900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$250k

Owner & transaction history

since 2025
6 recorded transactions
2025
Price N/A
2020
Price N/A
2016
$12,000
2016
Price N/A
2012
$500
2011
Price N/A

Zoning & alternative use

R5 · Detroit, MI
Zoning description

dential districts within the City are as follows: (1) R1 Single-Family Residential District. (2) R2 Two-Family Residential District. (3) R3 Low Density Residential District. (4) R4 Thoroughfare Residential District. (5)…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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