Renovated Coworking
For Sale
$170,000
14750 Puritan Avenue, Detroit, MI 48227
Commercial Sale, Detroit, MI
Property Size3,900 SF
Lot Size0.12 Acres
Price / SF$43.59
Days on Market92
Property Features for 14750 Puritan Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Standard status
Active
APN
22012263.
Size
3,900 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BLK:502 DIST:01 CITY/MUNI/TWP:DETROIT CITY N PURITAN 55&54 W 4.55 FT 53 JAMES MURPHYS SUB L45 P91 PLATS, W C R 22/52 52
Tax Annual Amount
1749
Legal Description
BLK:502 DIST:01 CITY/MUNI/TWP:DETROIT CITY N PURITAN 55&54 W 4.55 FT 53 JAMES MURPHYS SUB L45 P91 PLATS, W C R 22/52 52
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Building Details
Year built
1960
Number of units
10
Building materials
Block
Roof type
Metal
Listing Agency:
Keller Williams Hometowne · Keller Williams Realty
(248) 626-2100
Listed By:
Cecelia Dillard · License #6501380095
(313) 516-3856
Added: Jul 15
Changed: Oct 6
Last Checked: Oct 14 at 1:06PM
MLS# 26036044
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.
Investment Insights
Based on property information with market context.
This 3,900-square-foot coworking property was newly renovated and arranged for a mix of private and shared activity. One side contains nine individual suites and one restroom, while the other provides an open-concept area with two additional restrooms and a full kitchen. The larger common area can accommodate meetings, training sessions, workshops, private events, coworking, or creative studio use, while the enclosed suites support individual professional workspaces.
Building improvements include a new roof, plumbing, electrical system, furnace, and central air unit. The structure was built in 1960 with block construction and a metal roof, and natural gas is available. The property occupies 0.12 acres in Detroit, Michigan.
Building improvements include a new roof, plumbing, electrical system, furnace, and central air unit. The structure was built in 1960 with block construction and a metal roof, and natural gas is available. The property occupies 0.12 acres in Detroit, Michigan.
Key Highlights
- 3,900 square feet of commercial space on a 0.12‑acre lot
- Nine private suites plus an open‑concept common area
- Three restrooms and a full kitchen
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
Office B
$191.8K
$167.8K – $223.8K
NOI $13,426 @ 7.0% cap · market cap 7.90%
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 26.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
9
Office units
Location Intelligence
Trade Area within ½ mile
636
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Detroit, MI
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Frequently Asked Questions
What type of property is this?
Coworking space - Flexible commercial interior combines private work suites with an open area, kitchen, and multiple restrooms.
Where is this coworking space 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 commercial space on a 0.12‑acre lot; Nine private suites plus an open‑concept common area; Three restrooms and a full kitchen
