Property profile

16666 James Couzens Fwy Detroit, MI 48221

OFF-MARKET
Retail space
Property ID
US43-5005544
2,324 SF 0.03 ac lot Built 1941
Individually Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a mixed-use commercial building located in Detroit, Michigan, with retail/commercial storefront space on the lower level and an apartment on the second floor. The lower level contains two storefront spaces, one of which was historically occupied by a barber and the other configured for commercial tenancy. A covered one-car garage is included with the building. The second-floor residence is a 2-bedroom, 1-bath apartment that had renovations completed and is configured as a rental unit. The building shares a common wall with an adjacent property identified as 16676 James Couzens. The surrounding area is characterized by a bike score of 41, a walk score of 53, and a transit score of 49, indicating limited-to-moderate access to biking, walking amenities, and transit options.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1941
Total area 2,324 SF
Lot 0.03 ac (1,307 SF)
Zoning code B2
APN 16038834.
UPID US43-5005544

Cap rate & NOI

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

Location

16666 James Couzens Fwy Detroit, MI 48221-2824
Detroit metro Census 536200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

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Blend (final) Blend
$140k

Owner & transaction history

since 2019
7 recorded transactions
2024
Price N/A
2019
$500
2018
$500
2017
$500
2013
$12,500
2012
$9,700
1969
Price N/A

Zoning & alternative use

B2 · Detroit, MI
Zoning description

ity Residential District. (Code 1984, § 61-7-2; Ord. No. 11-05, § 1(61-7-2), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2)…

General category COMMERCIAL

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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