Renovated Office Building with
14750 Puritan Avenue Unit SourceFi Detroit, MI 48227
New
14750 Puritan Avenue Unit SourceFi, Detroit, MI, 48227
$200,000
For Sale
$200,000
Newly renovated office building includes nine private suites, two restrooms, and a full kitchen in an open-concept area.
Property Size3,900 SF
Price / SF$51.28
Days on Market7
Property Features for 14750 Puritan Avenue Unit SourceFi
General Information
- Standard status
- Active
- Size
- 3,900 SF
- Property subtype
- Business Opportunities
Building Details
- Year Built
- 1960
Listing Agency
KW Home Realty
(313) 516-3856
Listed by
Cecelia Dillard · License #6501380095
(313) 516-3856
Source
Xome
Added: Jul 13 Checked: Jul 19 at 2:01 am
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 office building is configured for multiple workspace setups, with nine private suites and one restroom on one side of the building. The opposite side features a spacious open-concept area suited for meetings, training, private events, workshops, co-working, or creative studio use, along with two restrooms and a full kitchen.
The property includes recent major systems and updates, with a new roof, new plumbing, new electrical, a new furnace, and a new central air unit.
Offered for sale, the building provides a practical mix of private suite space and an adaptable open area designed for different business operations within the same structure.
The property includes recent major systems and updates, with a new roof, new plumbing, new electrical, a new furnace, and a new central air unit.
Offered for sale, the building provides a practical mix of private suite space and an adaptable open area designed for different business operations within the same structure.
Key Highlights
- Newly renovated commercial building with 9 private suites plus an open‑concept area on the opposite side
- Open‑concept side includes two restrooms and a full kitchen, with space for meetings, training, events, workshops, or co‑working
- Suite side layout includes nine private suites and one restroom on one side of the building
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Coworking space
Similar For Sale Nearby
FAQs
What type of property is this?
Coworking space - Newly renovated office building includes nine private suites, two restrooms, and a full kitchen in an open-concept area.
Where is this coworking space located?
The property is located at 14750 Puritan Avenue Unit SourceFi 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: Newly renovated commercial building with 9 private suites plus an open‑concept area on the opposite side; Open‑concept side includes two restrooms and a full kitchen, with space for meetings, training, events, workshops, or co‑working; Suite side layout includes nine private suites and one restroom on one side of the building
