Mixed-Use Building with Adjacent
13532 Conant Street Unit SourceFi Detroit, MI 48212
13532 Conant Street Unit SourceFi, Detroit, MI, 48212
$359,000
For Sale
$359,000
Main-level commercial space with two upper residential units, plus an adjacent lot for parking convenience.
Property Size1,440 SF
Price / SF$249.31
Days on Market337
Property Features for 13532 Conant Street Unit SourceFi
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
NextDoor Realty Group
(248) 922-8727
Listed by
Sayful Alam · License #6501446449
(248) 922-8727
Source
Xome
Added: Aug 19, 2025 Updated: Jul 18 at 2:29 am Checked: Jul 20 at 1:38 am
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 NextDoor Realty Group
Investment Insights
Based on property information with market context.
This mixed-use property offers a versatile layout with commercial space on the main level and two separate residential units on the upper level. Each upper unit includes 2 bedrooms and 1 bathroom, supporting flexible live/work or rental use while keeping commercial operations on the ground floor.
The property is located at 13532 Conant Street in Detroit, MI 48212. An adjacent lot provides additional space for parking, which can benefit both business and residential occupants.
As presented, the building combines income-producing residential configurations with dedicated commercial space, supported by nearby off-street parking through the adjacent lot.
The property is located at 13532 Conant Street in Detroit, MI 48212. An adjacent lot provides additional space for parking, which can benefit both business and residential occupants.
As presented, the building combines income-producing residential configurations with dedicated commercial space, supported by nearby off-street parking through the adjacent lot.
Key Highlights
- Main‑level commercial space with two upper residential units
- Upper level includes 2 separate units, each with 2 bedrooms and 1 bathroom
- Adjacent lot provides space for parking for business and residential use
Local Financial Insights For Mixed Use
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 | $31.1k | $21.60 |
| − Vacancy | −$3.7k | −$2.59 |
| EGI | $27.4k | $19.01 |
| − OpEx | −$10.3k | −$7.13 |
| NOI | $17.1k | $11.88 |
1,440 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$244.4K
$213.8K – $285.1K
NOI $17,107 @ 7.0% cap · market cap 4.77%
Second Best
Multifamily LT 5
$235.1K
$205.7K – $274.3K
NOI $16,457 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$317.7K
$278.0K – $370.6K
NOI $22,237 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Main-level commercial space with two upper residential units, plus an adjacent lot for parking convenience.
Where is this live-work space located?
The property is located at 13532 Conant Street Unit SourceFi Detroit, MI.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Main‑level commercial space with two upper residential units; Upper level includes 2 separate units, each with 2 bedrooms and 1 bathroom; Adjacent lot provides space for parking for business and residential use
