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    1515 Division St Detroit, MI 48207

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    For Sale
    $1,000,000

    10,000 SF multi-tenant retail building in Eastern Market.

    Lot size:
    0.25 Acres

    Property Features for 1515 Division St

    General Information

    Lot size
    0.25 Acres

    Building Details

    Year built
    1951

    Source: O'Connor Realty Detroit, LLC Agent Vincent Mazzola

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

    Overview

    Eastern Market Multi-Tenant Retail Building

    Located in the heart of Eastern Market, this 10,000-square-foot multi-tenant building presents an investment opportunity. The property is fully leased with three retail tenants: Well Done Goods, Vintage Eastern Market, and Arthur Rugenstein, providing a cash-flowing asset. Significant upgrades have been made to the building's MEP systems, roof, and storefront, ensuring long-term value.
    Insight Report Location Intelligence

    Current Use by Public Records

    Vintage Eastern Market, ... Antique Store Detroit Design Reworked Garden Cyberoptix Tie Lab Fashion Designer Well Done Goods Gift Shop

    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.

    Similar Places Nearby

    Flowers for Dreams

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0392499
    Latitude
    42.3481712

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    FAQs

    What type of property is this?
    Storefront property - 10,000 SF multi-tenant retail building in Eastern Market.
    Where is this storefront property located?
    The property is located at 1515 Division St Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Eastern Market, a highly desirable Detroit neighborhood.; - Fully leased with three established retail tenants providing a stable, cash-flowing asset.; - Substantial recent upgrades to MEP systems, roof, and storefront, ensuring long-term value and reduced maintenance costs.
    (313) 963-9891
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    1515 Division St Detroit, MI 48207
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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
    1515 Division St Detroit, MI 48207
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