Renovated Mixed-Use Commercial
For Sale
$60,000
13043 Puritan St, Detroit, MI 48227
Newly renovated and move-in ready, this building supports multiple concepts including retail, office, and professional uses.
Property Size500 SF
Price / SF$120
Days on Market256
Property Features for 13043 Puritan St
General Information
Standard status
Active
Size
500 SF
Taxes and HOA fees
Annual Taxes
$203
Listing Agency:
EXP Realty Main
(888) 501-7085
Listed By:
Damian Hickman · License #6501363263
(248) 924-1377
Source:
Exprealty
Added: Jan 28
Changed: Oct 1
Last Checked: Oct 11 at 7:11AM
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 Main
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- Year built 1946 commercial building.
- Newly renovated and move‑in ready.
- Flexible layout suitable for retail, office, professional services, or creative use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,419
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$88,380
$88.4K
Cap Rate 7%
$63,129
$63.1K
Cap Rate 9%
$49,100
$49.1K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$6.9K $13.80/SF
− Vacancy
−$587 −$1.17/SF
EGI
$6.3K $12.63/SF
− OpEx
−$1.9K −$3.79/SF
NOI
$4.4K $8.84/SF
Area
ZIP 48227
Vacancy
8.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$88,380
Cap Rate 7%
$63,129
Cap Rate 9%
$49,100
Alternative Uses
Best Use
Retail
$63.1K
$55.2K – $73.7K
NOI $4,419 @ 7.0% cap · market cap 7.36%
Second Best
Office B
$24.6K
$21.5K – $28.7K
NOI $1,721 @ 7.0% cap · market cap 2.87%
Theoretical Best
Multifamily LT 5
$81.3K
$71.2K – $94.9K
NOI $5,694 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
Explore this area
Business Placement
Demographics for 48227, MI
40,266
Population
19,933
Households
2
Avg Household Size
36
Median Age
12%
College-Educated
83%
High-School Grad
7.5 sq mi
ZIP Area
5,369
Density / Sq Mi
$36,221
Median Household Income
$31,797
Median Earnings
$1,034
Median Rent
$70,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Detroit, MI
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Frequently Asked Questions
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 St 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.
