Mixed-Use Building with Private
For Sale
$170,000
14750 Puritan Avenue, Detroit, MI 48227
Renovated interiors provide enclosed individual rooms alongside a separate open-plan workspace.
Property Size3,900 SF
Price / SF$43.59
Days on Market108
Property Features for 14750 Puritan Avenue
General Information
Standard status
Active
Size
3,900 SF
Property subtype
Business
Site & Location
Neighborhood
Cadillac Community
Utilities to Site
Yes
Additional Details
Condition
Newly Renovated
Taxes and HOA fees
Annual Taxes
$1,749
Amenities
full kitchen
Building Details
Building Size
3,900 SF
Year Built
1960
Listing Agency:
Keller Williams Hometowne
Listed By:
Cecelia Dillard · License #6501380095
(313) 516-3856
Source:
Maigahomes
Added: Jul 15
Changed: Oct 29
Last Checked: Oct 29 at 2:47PM
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 Keller Williams Hometowne
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 3,900-square-foot mixed-use building, constructed in 1960, pairs nine private suites with a separate open-plan area. One restroom serves the suite side; the open area has two restrooms and a full kitchen. The configuration supports a range of workspace arrangements, including individual rooms and shared, flexible space.
Recent improvements include a new roof, plumbing, electrical system, furnace, and central air unit. The building is located at 14750 Puritan Avenue in Detroit.
Recent improvements include a new roof, plumbing, electrical system, furnace, and central air unit. The building is located at 14750 Puritan Avenue in Detroit.
Key Highlights
- 3,900 square feet of mixed‑use space
- Nine private suites and one restroom on the suite side
- Separate open‑plan area with a full kitchen and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,426
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,520
$268.5K
Cap Rate 7%
$191,800
$191.8K
Cap Rate 9%
$149,178
$149.2K
Market Conditions
NOI Build-Up for 3,900 SF
Gross rent
$23.4K $6.00/SF
− Vacancy
−$5.5K −$1.41/SF
EGI
$17.9K $4.59/SF
− OpEx
−$4.5K −$1.15/SF
NOI
$13.4K $3.44/SF
Area
ZIP 48227
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,520
Cap Rate 7%
$191,800
Cap Rate 9%
$149,178
Alternative Uses
Best Use
Mixed Use
$494.3K
$432.5K – $576.7K
NOI $34,603 @ 7.0% cap · market cap 20.35%
Second Best
Office B
$191.8K
$167.8K – $223.8K
NOI $13,426 @ 7.0% cap · market cap 7.90%
Theoretical Best
Multifamily LT 5
$634.5K
$555.2K – $740.2K
NOI $44,414 @ 7.0% cap · market cap 26.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
553
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated interiors provide enclosed individual rooms alongside a separate open-plan workspace.
Where is this mixed-use property located?
The property is located at 14750 Puritan Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: 3,900 square feet of mixed‑use space; Nine private suites and one restroom on the suite side; Separate open‑plan area with a full kitchen and two restrooms
