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    16729 Warren Ave Detroit, MI 48224

    For Lease
    Contact for pricing

    6,459 SF Vacant Retail Building

    Lot size:
    6,459 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 6,459-square-foot retail building, located at 16729 E Warren Ave in Detroit, Michigan, presents a unique investment opportunity. Situated on a 0.28-acre lot, this single-tenant property boasts a prominent location in the Detroit E of Woodward submarket, easily accessible via Outer Dr. Built in 1964, the two-story structure offers ample space for a variety of retail uses. The building is currently entirely vacant, providing immediate occupancy for a new tenant. Key features include 220-volt, 3-phase power, making it suitable for businesses with significant energy demands. The property's zoning is designated as B4, allowing for a range of commercial activities. Its previous use as a bank, complete with a drive-thru, offers a distinct advantage for businesses seeking convenient customer access. The Wayne County property, with APN 21002912-7, and its 48224 zip code, provides excellent visibility and accessibility within a thriving commercial area. This is an ideal opportunity for an entrepreneur or investor seeking a well-located, substantial retail space in a dynamic Detroit neighborhood. The building's size and features make it suitable for a wide range of retail concepts. The vacant status allows for complete customization to meet the specific needs of a new tenant. This property offers significant potential for growth and return on investment.

    Property Features for 16729 Warren Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,459 SF

    Building Details

    Year Built
    1964
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available space
    Size
    6,459 SF

    HighLights

    • 12,401 SF land parcel.
    • 6,459 SF retail building available.
    • Former bank with drive‑thru.
    • 10'-20' clear ceiling height.
    • Two‑story building.
    • Excellent retail location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -82.9335296
    Latitude
    42.4049801

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    FAQs

    What type of property is this?
    Retail property - 6,459 SF Vacant Retail Building
    Where is this retail property located?
    The property is located at 16729 Warren Ave Detroit, MI.
    What are key features of this property?
    This property features: 12,401 SF land parcel.; 6,459 SF retail building available.; Former bank with drive-thru.
    Request Owner's contact information
    16729 Warren Ave Detroit, MI 48224
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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
    16729 Warren Ave Detroit, MI 48224
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