Flex Space with
13690 Tyler Street, Detroit, MI 48227
For Sale
$1,500,000
Commercial Sale, Detroit, MI
Property Size5,797 SF
Lot Size0.74 Acres
Price / SF$258.75
Days on Market50
Property Features for 13690 Tyler Street
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Additional Details
Real Estate Included
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Building Details
Year built
Number of units
Buildings
Listing Agency:
Waison Realty LLC
Listed By:
Ibrahim Sharif · License MI #6502426370
(313) 208-2653
Added: Sep 26
Changed: Nov 3
Last Checked: Nov 14 at 12:06AM
MLS# 26051477
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex property includes a 5,797-square-foot building constructed in 1947 and two parcels totaling 0.74 acres. The site is located at 13690 and 13660 Tyler Street in Detroit, with proximity to I-96. Cable service is available.
Key Highlights
- Two parcels totaling 0.74 acres
- 5,797‑square‑foot building
- Building constructed in 1947
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,239
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,024,780
$1.0M
Cap Rate 7%
$731,986
$732.0K
Cap Rate 9%
$569,322
$569.3K
Market Conditions
NOI Build-Up for 5,797 SF
Gross rent
$80.0K $13.80/SF
− Vacancy
−$6.8K −$1.17/SF
EGI
$73.2K $12.63/SF
− OpEx
−$22.0K −$3.79/SF
NOI
$51.2K $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%
$1,024,780
Cap Rate 7%
$731,986
Cap Rate 9%
$569,322
Alternative Uses
Best Use
Retail
$732.0K
$640.5K – $854.0K
NOI $51,239 @ 7.0% cap · market cap 3.42%
Second Best
Flex RnD
$660.8K
$578.2K – $771.0K
NOI $46,257 @ 7.0% cap · market cap 3.08%
Theoretical Best
Multifamily LT 5
$943.1K
$825.2K – $1.10M
NOI $66,018 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Under-served
Demand for This Use
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
$70,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Detroit, MI
Properties on Market for Flex space in Detroit
Vacancy Rate% for Industrial in Detroit, MI
Frequently Asked Questions
What type of property is this?
Flex space - The property combines an existing commercial building with two parcels for a range of potential business configurations.
Where is this flex space located?
The property is located at 13690 Tyler Street Detroit, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two parcels totaling 0.74 acres; 5,797‑square‑foot building; Building constructed in 1947
