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    1350 Division St Detroit, MI 48207

    Sponsored
    For Sale
    $1,495,000

    Prime location, 15,200 sq ft, vacant.

    Property size:
    15,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15,200 square foot mixed-use property, located at 1350 Division St in Detroit, MI 48207, presents a rare redevelopment opportunity in the vibrant heart of Eastern Market. Built in 1926, this two-story brick building sits on a 0.088-acre lot and boasts a B6 zoning permit. Currently vacant, the property offers immense potential for a variety of uses. Imagine transforming this space into up to four ground-floor retail spaces, complemented by four to eight residential or creative office units on the second floor. The property's prime location places it steps from Russell Street, surrounded by thriving businesses such as Supino Pizza, Trinosophes, and many more. Secure onsite parking adds significant value. This is an exceptional investment opportunity within an Opportunity Zone, ideal for owner-operators or developers seeking a high-impact project in a dynamic and sought-after Detroit neighborhood. The asking price is $1,495,000, translating to $98.36 per square foot.

    Property Features for 1350 Division St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    15,200 SF
    Lot Size
    3,833 SF

    Building Details

    Year Built
    1926
    Buildings
    1
    Stories
    2

    HighLights

    • Opportunity Zone designation.
    • Prime Eastern Market location.
    • Onsite parking.
    • 15,200 SF mixed‑use building, offering potential for up to 4 retail and 8 residential/creative office units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0412553
    Latitude
    42.3466166

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location, 15,200 sq ft, vacant.
    Where is this mixed-use property located?
    The property is located at 1350 Division St Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: Opportunity Zone designation.; Prime Eastern Market location.; Onsite parking.
    (313) 704-2678
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1350 Division St Detroit, MI 48207
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