Vacant Flex Space
For Sale
$89,999
2221 E Davison Street, Detroit, MI 48212
Commercial Sale, Detroit, MI
Property Size1,507 SF
Lot Size0.07 Acres
Price / SF$59.72
Days on Market49
Property Features for 2221 E Davison Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
b4
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
E Davison service dr , west of dequindre rd between Fleming st and lumpkin st.
Standard status
Active
APN
09006498.
Size
1,507 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
parcel ID: W09I006498S / 09-006498
Tax Annual Amount
1000
Legal Description
parcel ID: W09I006498S / 09-006498
Building Details
Year built
1950
Number of units
1
Listing Agency:
Network Realty LLC
(313) 384-0191
Listed By:
Nadia Kassim · License #6501409154
(586) 668-3106
Added: Aug 26
Changed: Oct 2
Last Checked: Oct 13 at 5:06PM
MLS# 26045296
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 vacant flex space building contains 1,507 square feet on a 0.07-acre parcel. Constructed in 1950, the property offers an existing commercial structure that can be renovated and customized for storage, business operations, or other commercial uses identified by the buyer. The property is located at 2221 E Davison Street in Detroit, Michigan, with access to major roads. Buyers and their representatives should independently confirm zoning, permitted uses, measurements, and other property details before proceeding.
Key Highlights
- 1,507‑square‑foot vacant commercial building
- 0.07‑acre parcel in Detroit, MI
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,330
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$146,600
$146.6K
Cap Rate 7%
$104,714
$104.7K
Cap Rate 9%
$81,444
$81.4K
Market Conditions
NOI Build-Up for 1,507 SF
Gross rent
$11.0K $7.32/SF
− Vacancy
−$560 −$0.37/SF
EGI
$10.5K $6.95/SF
− OpEx
−$3.1K −$2.08/SF
NOI
$7.3K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$146,600
Cap Rate 7%
$104,714
Cap Rate 9%
$81,444
Alternative Uses
Best Use
Retail
$265.2K
$232.0K – $309.4K
NOI $18,562 @ 7.0% cap · market cap 20.62%
Second Best
Flex RnD
$154.5K
$135.2K – $180.2K
NOI $10,814 @ 7.0% cap · market cap 12.02%
Theoretical Best
Office A
$332.5K
$290.9K – $387.9K
NOI $23,272 @ 7.0% cap · market cap 25.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48212, MI
43,192
Population
14,739
Households
2.9
Avg Household Size
29
Median Age
16%
College-Educated
68%
High-School Grad
5.3 sq mi
ZIP Area
8,149
Density / Sq Mi
$37,293
Median Household Income
$28,894
Median Earnings
$935
Median Rent
$98,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Existing improvements can be renovated and configured for storage or business operations.
Where is this flex space located?
The property is located at 2221 E Davison Street Detroit, MI.
What is the asking price?
The asking price for this property is $89,999.
What are key features of this property?
This property features: 1,507‑square‑foot vacant commercial building; 0.07‑acre parcel in Detroit, MI; Built in 1950
