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Mixed-Use Building with On-Site Parking
For Sale
$2,600,000

565 E Larned Street, Detroit, MI 48226

Versatile mixed-use building with adaptable retail, office, and restaurant space plus a dedicated on-site parking lot included in the sale.

Property Size32,552 SF
Price / SF$79.87
Days on Market175

Property Features for 565 E Larned Street

General Information

Standard status Active
Size 32,552 SF
Property subtype Industrial

Amenities

3
12683

Building Details

Year Built 19
Listing Agency: O'Connor Realty Detroit, LLC
Listed By: Vincent Mazzola · License #6501387170
Source: Xome
Added: Feb 25 Changed: Aug 12 Last Checked: Aug 18 at 4:43AM

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 O'Connor Realty Detroit, LLC

Investment Insights

Based on property information with market context.

This mixed-use building features a highly adaptable layout suitable for retail, office, restaurant, or redevelopment uses. The first floor previously housed Opus One Restaurant, and the property’s configuration supports a range of re-tenanting and layout strategies.

Access is supported by a private on-site parking lot, with additional nearby parking available to serve future users. The sale includes a dedicated parking lot totaling 0.276 acres (12,027 SF), identified as being located at 550 E Larned.

For investors or owner-occupants seeking a flexible asset with on-site parking, this property offers multiple potential pathways depending on end-user requirements and redevelopment plans.

Key Highlights

  • Mixed‑use building with adaptable space for retail, office, restaurant use, or redevelopment potential
  • First floor previously housed Opus One Restaurant
  • Includes a dedicated on‑site parking lot: 0.276 acre (12,027 SF) at 550 E Larned

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Daycare Center Carpet & Flooring Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,321
Businesses Nearby

Demographics for 48226, MI

6,307
Population
5,160
Households
1.2
Avg Household Size
37
Median Age
53%
College-Educated
93%
High-School Grad
1.2 sq mi
ZIP Area
5,256
Density / Sq Mi
$69,813
Median Household Income
$60,957
Median Earnings
$1,714
Median Rent
$307,700
Median Home Value

Market

Vacancy Rate% for Office in Detroit, MI

11.9% 2019
13.9% 2020
15.2% 2021
17.9% 2022
20.3% 2023
22% 2024
19.5% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Versatile mixed-use building with adaptable retail, office, and restaurant space plus a dedicated on-site parking lot included in the sale.
Where is this retail space located?
The property is located at 565 E Larned Street Detroit, MI.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Mixed‑use building with adaptable space for retail, office, restaurant use, or redevelopment potential; First floor previously housed Opus One Restaurant; Includes a dedicated on‑site parking lot: 0.276 acre (12,027 SF) at 550 E Larned
More about this property
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