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    17172 Warren Ave Detroit, MI 48224

    For Sale
    $50,000

    Prime corner location, 820 sq ft, vacant.

    Property size:
    820 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This vacant 820-square-foot commercial property presents a unique investment opportunity in Detroit, Michigan. Located at 17172 E Warren Ave, within the Cornerstone Village, this single-story building sits on a 2,005-square-foot lot and is zoned B4. Built in 1948, the property is classified as Class C and offers a versatile space suitable for various retail or office uses, including creative office, storefront, or traditional office configurations. Currently vacant, this property allows for immediate occupancy and customization to suit a tenant's specific needs. The asking price is $50,000, and the property is ready for rehabilitation. Its location in a busy retail strip within Cornerstone Village offers significant potential for growth and return on investment. The property requires an application for purchase. This is an excellent opportunity to acquire a well-situated retail space in a thriving Detroit neighborhood. Further details are available upon request.

    Property Features for 17172 Warren Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    820 SF
    Class
    C

    Building Details

    Year Built
    1948
    Buildings
    1
    Stories
    1

    HighLights

    • $50,000 asking price for an 820 sq ft vacant office/retail building.
    • Located at 17172 E Warren Ave, Detroit, MI 48224.
    • 1‑story, 1948 construction, Class C building on a 2,005 sq ft lot.
    • Zoned B4; suitable for creative office, storefront, or traditional office uses.
    • Vacant building presents a rehab opportunity in a busy retail strip.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.92858468596
    Latitude
    42.406572267757

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    FAQs

    What type of property is this?
    Individual retail property - Prime corner location, 820 sq ft, vacant.
    Where is this individual retail property located?
    The property is located at 17172 Warren Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: $50,000 asking price for an 820 sq ft vacant office/retail building.; Located at 17172 E Warren Ave, Detroit, MI 48224.; 1-story, 1948 construction, Class C building on a 2,005 sq ft lot.
    Request Owner's contact information
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    Detroit, MI 48224
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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
    17172 Warren Ave Detroit, MI 48224
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