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    Renovated Mixed-Use Commercial Building Title is generated by Realmo AI

    13043 Puritan Street, Detroit, MI 48227

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    Newly renovated and move-in ready, this building supports multiple concepts including retail, office, and professional uses.

    Type:Mixed Use, Office, Land, Retail
    Property size:
    500 SF
    Price / SF:
    $120/SF
    Added:
    Jan 28, 2026
    Days on Market:
    143
    Last Refresh:
    Jun 20 at 3:30 am

    Property Features for 13043 Puritan Street

    General Information

    Standard status
    Active
    Size
    500 SF
    Property subtype
    Mixed Use, Office, Land, Retail

    Building Details

    Year Built
    1946

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    Listing Contact
    Damian Hickman

    Listing agent Damian Hickman License #6501363263

    Listing office eXp Realty LLC - Michigan

    Listing date Jan 28, 2026

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC - Michigan

    HighLights

    • Year built 1946 commercial building.
    • Newly renovated and move‑in ready.
    • Flexible layout suitable for retail, office, professional services, or creative use.
    • Supports mixed‑use concept with adaptable space for your vision.

    Overview

    This newly renovated commercial building is presented as move-in ready, with thoughtful updates designed to accommodate a variety of operating models. The property is suitable for mixed-use plans and can be configured to fit retail, office, professional services, or creative space needs, depending on how you want to deploy the layout.

    Located at 13043 Puritan Street in Detroit, MI 48227, the building provides a straightforward commercial platform for owner-operators and investors seeking a single property that can support more than one type of use. Its adaptability makes it practical for tenants looking for flexibility without starting from scratch.

    For buyers and operators, the best-fit opportunity is a use that benefits from a polished, recently updated environment and a concept that can evolve. Whether you’re pursuing a storefront-style setup, a service-based office, or a creative workspace, the property is positioned to support that direction with a move-in ready condition and a flexible, multi-purpose design approach.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $6.9k $13.80
    − Vacancy −$587 −$1.17
    EGI $6.3k $12.63
    − OpEx −$1.9k −$3.79
    NOI $4.4k $8.84
    500 SF · lease $13.80/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $63.1K
    $55.2K – $73.7K (±1% cap)
    NOI $4,419 @ 7.0% cap · market cap 7.36%
    Second Best
    Office B
    $24.6K
    $21.5K – $28.7K (±1% cap)
    NOI $1,721 @ 7.0% cap · market cap 2.87%
    Theoretical Best
    Multifamily LT 5
    $81.3K
    $71.2K – $94.9K (±1% cap)
    NOI $5,694 @ 7.0% cap · market cap 9.49%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.173369
    Latitude
    42.409214

    FAQs

    What type of property is this?
    Retail space - Newly renovated and move-in ready, this building supports multiple concepts including retail, office, and professional uses.
    Where is this retail space located?
    The property is located at 13043 Puritan Street Detroit, MI.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: Year built 1946 commercial building.; Newly renovated and move‑in ready.; Flexible layout suitable for retail, office, professional services, or creative use.
    More about this property
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