Renovated Office Building with
For Sale
$200,000
14750 Puritan Avenue, Detroit, MI 48227
Turnkey building includes nine private suites and a separate open-concept area with kitchen and two restrooms.
Days on Market17
Property Features for 14750 Puritan Avenue
General Information
Standard status
Active
Property subtype
Business Opportunity
Building Details
Building Size
3,900 SF
Year Built
1960
Listing Agency:
KW Home Realty
(313) 516-3856
Listed By:
Cecelia Dillard · License #6501380095
(313) 516-3856
Source:
Carolbollo
Added: Jul 15
Changed: Jul 25
Last Checked: Jul 31 at 1:46PM
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 KW Home Realty
Investment Insights
Based on property information with market context.
This newly renovated commercial building is designed for flexible office use, featuring nine private suites and one restroom on one side of the property. The opposite side provides a spacious open-concept area suited for meetings, training sessions, private events, workshops, coworking, or creative studio use, along with two restrooms and a full kitchen.
The property has undergone significant improvements, including a new roof, new plumbing, new electrical, a new furnace, and a new central air unit, supporting a turnkey experience for a wide range of businesses and operators.
The layout supports both private, suite-based work and shared, open-area functions within the same building.
The property has undergone significant improvements, including a new roof, new plumbing, new electrical, a new furnace, and a new central air unit, supporting a turnkey experience for a wide range of businesses and operators.
The layout supports both private, suite-based work and shared, open-area functions within the same building.
Key Highlights
- Turnkey commercial building built in 1960 with nine private suites plus a separate open‑concept area
- Suite side layout includes nine private suites and one restroom
- Open‑concept side includes two restrooms and a full kitchen
Financial Insights For Office B
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 | $23.4k | $6.00 |
| − Vacancy | −$5.5k | −$1.41 |
| EGI | $17.9k | $4.59 |
| − OpEx | −$4.5k | −$1.15 |
| NOI | $13.4k | $3.44 |
3,900 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$191.8K
$167.8K – $223.8K
NOI $13,426 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$634.5K
$555.2K – $740.2K
NOI $44,414 @ 7.0% cap · market cap 22.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
490
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
Market
Vacancy Rate% for Office in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Turnkey building includes nine private suites and a separate open-concept area with kitchen and two restrooms.
Where is this office units located?
The property is located at 14750 Puritan Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Turnkey commercial building built in 1960 with nine private suites plus a separate open‑concept area; Suite side layout includes nine private suites and one restroom; Open‑concept side includes two restrooms and a full kitchen
