Detroit Commercial Buildings and
14520 Harper Avenue, Detroit, MI 48224
COMMERCIAL - Detroit, MI
Type:Office
Property size:
920 SFLot size:
0.05 AcresPrice / SF:
$211/SF- Added:
- Sep 17, 2025
- Days on Market:
- 249
- Last Refresh:
- May 23 at 8:06 am
Property Features for 14520 Harper Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 21003966
- Size
- 920 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- S HARPER 7 PARTNER LAND SUB L42 P31 PLATS, W C R 21/612 20 X 100
- Tax Annual Amount
- 540
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1925
- Number of units
- 1
Listing agent Robert Lawrence (248) 705-2086
Listing office @properties Christie's Int'l 400 S Old Woodward Ave #100, Birmingham, MI (248) 850-8632
Listing date Sep 17, 2025
MLS# 25047812
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.
HighLights
- Turnkey opportunity with optional upholstery equipment, tools, and inventory included.
- Two commercial buildings (3,235 SF and 920 SF) plus an additional 0.05‑acre lot.
- Excellent location with easy access to I‑94.
- Ample parking available.
- Forced air heating and cooling systems.
- Room for future growth or expansion.
Overview
This offering presents the opportunity to acquire two commercial buildings and an additional lot. The properties include 14534 Harper Avenue, a 3,235 square-foot building on 0.14 acres, and 14524 Harper Avenue, a 920 square-foot building on 0.05 acres, along with an adjacent 0.05-acre parcel at 14520 Harper Avenue. Currently the location of Harper Upholstery Workroom, the sale includes the option of all upholstery equipment, operating tools, and inventory, presenting a turnkey opportunity for a new or expanding business. The properties feature forced air heating and cooling with well-maintained systems, ample parking, and easy access to I-94. The location offers room for future growth or expansion. This versatile property has strong potential in a convenient location.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$162.3K
NOI $14,611 @ 9.00% cap · cautious / downside scenario
Moderate
$208.7K
NOI $14,611 @ 7.00% cap · market / base-case scenario
Aggressive
$292.2K
NOI $14,611 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $24.48 |
| − Vacancy | −$3.0k | −$3.30 |
| EGI | $19.5k | $21.18 |
| − OpEx | −$4.9k | −$5.29 |
| NOI | $14.6k | $15.88 |
920 SF · lease $24.48/SF/yr · vacancy 13.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$208.7K
$182.6K – $243.5K
NOI $14,611 @ 7.0% cap · market cap 7.49%
Second Best
Retail
$161.9K
$141.7K – $188.9K
NOI $11,332 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$232.1K
$203.1K – $270.7K
NOI $16,244 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.962966
- Latitude
- 42.404865
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two commercial buildings plus lot near I-94 in Detroit.
Where is this office building located?
The property is located at 14520 Harper Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Turnkey opportunity with optional upholstery equipment, tools, and inventory included.; Two commercial buildings (3,235 SF and 920 SF) plus an additional 0.05‑acre lot.; Excellent location with easy access to I‑94.
