Two-Building Storefront
For Sale
$195,000
14520 Harper Avenue, Detroit, MI 48224
The property is used as an upholstery workroom, and upholstery equipment, tools, and inventory are available as an option.
Property Size920 SF
Price / SF$211.96
Days on Market409
Property Features for 14520 Harper Avenue
General Information
Standard status
Active
Size
920 SF
Property subtype
Commercial,Office
Site & Location
Neighborhood
Chandler Park-Chalmers
Highway Access
Yes
Additional Details
Property Use
Upholstery Workroom
Taxes and HOA fees
Annual Taxes
$539
Amenities
forced air heating and cooling
ample parking
Building Details
Building Size
920 SF
Year Built
1925
Buildings
2
Listing Agency:
@properties Christie's Int'l
Listed By:
Robert Lawrence · License #6506022838
(248) 705-2086
Source:
Desertdouglas
Added: Sep 17, 2025
Changed: Oct 27
Last Checked: Oct 27 at 4:17AM
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 @properties Christie's Int'l
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering includes two commercial buildings at 14534 and 14524 Harper Avenue, plus a separate parcel at 14520 Harper Avenue. The 14534 building contains 3,235 SF, while the 14524 building contains 920 SF. The property is currently used for an upholstery workroom, and upholstery equipment, operating tools, and inventory are available as an option. The buildings have forced-air heating and cooling systems.
The property offers access to I-94 and on-site parking.
The property offers access to I-94 and on-site parking.
Key Highlights
- Two commercial buildings at 14534 and 14524 Harper Avenue, plus a parcel at 14520 Harper Avenue
- Building areas are 3,235 SF and 920 SF
- Currently used as an upholstery workroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,332
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,640
$226.6K
Cap Rate 7%
$161,886
$161.9K
Cap Rate 9%
$125,911
$125.9K
Market Conditions
NOI Build-Up for 920 SF
Gross rent
$17.1K $18.60/SF
− Vacancy
−$924 −$1.00/SF
EGI
$16.2K $17.60/SF
− OpEx
−$4.9K −$5.28/SF
NOI
$11.3K $12.32/SF
Area
ZIP 48224
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,640
Cap Rate 7%
$161,886
Cap Rate 9%
$125,911
Alternative Uses
Best Use
Retail
$161.9K
$141.7K – $188.9K
NOI $11,332 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
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 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
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 28%
Electronics 4%
Little Caesars Pizza
Dining
8,082 visits/mo
0.1 miles
Family Dollar
Shops & Services
5,401 visits/mo
0.2 miles
KFC
Dining
4,812 visits/mo
0.1 miles
Metro by T-Mobile
Electronics
831 visits/mo
0.2 miles
Demographics for 48224, MI
39,633
Population
16,786
Households
2.4
Avg Household Size
33
Median Age
14%
College-Educated
84%
High-School Grad
5.8 sq mi
ZIP Area
6,833
Density / Sq Mi
$42,963
Median Household Income
$30,997
Median Earnings
$1,213
Median Rent
$77,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Storefront property - The property is used as an upholstery workroom, and upholstery equipment, tools, and inventory are available as an option.
Where is this storefront property 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: Two commercial buildings at 14534 and 14524 Harper Avenue, plus a parcel at 14520 Harper Avenue; Building areas are 3,235 SF and 920 SF; Currently used as an upholstery workroom
