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    38 Piquette Ave Detroit, MI 48202

    For Sale
    $695,000

    9,000 SF Warehouse, M2 Zoning, $695,000

    Property size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 9,000 square foot warehouse at 38 Piquette Avenue in Detroit, Michigan presents a unique investment opportunity. Situated on a quarter-acre lot, this two-story building boasts flexible M2 zoning, allowing for a variety of uses. The property's history includes a notable past as a former mayor's carriage house, adding to its character and potential. The warehouse features impressive ceiling heights ranging from 10 to 24 feet, providing ample vertical space for storage or creative adaptations. Two grade-level doors offer convenient access for loading and unloading. The asking price is $695,000, translating to $77.22 per square foot. This stand-alone building offers significant potential for redevelopment within a dynamic and evolving area of Detroit. Its location in Wayne County, Michigan, zip code 48202, provides easy access to major transportation routes. The property's size and zoning make it ideal for a variety of industrial or commercial ventures. This is a rare chance to acquire a substantial piece of Detroit real estate with a rich history and bright future. Don't miss this opportunity to own a piece of Detroit's industrial heritage.

    Property Features for 38 Piquette Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    9,000 SF

    Building Details

    Stories
    2

    HighLights

    • 9,000 square feet of industrial space.
    • Former mayor's carriage house.
    • 1/4‑acre lot with flexible M2 zoning.
    • 10'-24' ceiling heights.
    • Two grade‑level loading doors.
    • Stand‑alone building with redevelopment potential in Detroit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.069631
    Latitude
    42.3661841

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    FAQs

    What type of property is this?
    Distribution property - 9,000 SF Warehouse, M2 Zoning, $695,000
    Where is this distribution property located?
    The property is located at 38 Piquette Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: 9,000 square feet of industrial space.; Former mayor's carriage house.; 1/4-acre lot with flexible M2 zoning.
    Request Owner's contact information
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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
    38 Piquette Ave Detroit, MI 48202
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