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    12555 Harper Ave Detroit, MI 48213

    Sponsored
    For Sale
    Contact for pricing

    Detroit Bar/Store, $18k

    Property size:
    1,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,200 square foot retail property presents a unique investment opportunity in Detroit's vibrant Ravendale neighborhood. Located at 12555 Harper Avenue, this versatile space is zoned B4 and ideally suited for a variety of uses, including a bar, convenience store, or storefront. The property boasts a convenient location, just half a mile from I-94 and within a mile of Chandler Park, placing it within a thriving commercial corridor anchored by numerous other small businesses. The 1,956 square foot lot provides ample space for outdoor activities or expansion. The asking price is $18,000, translating to $15 per square foot. This represents a compelling entry point for entrepreneurs seeking a well-situated space in a strong residential community. The property's proximity to major roadways and a park enhances its appeal and potential for success. All measurements are approximate. This is an excellent chance to establish a thriving business in a desirable Detroit location. The property's versatility and prime location make it an attractive investment for those seeking a high-return opportunity in a growing market. The B4 zoning provides flexibility for a range of business ventures. Don't miss this chance to own a piece of Detroit's revitalized Ravendale district.

    Property Features for 12555 Harper Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,200 SF

    HighLights

    • $18,000 asking price for a 1,200 sq ft retail property.
    • Located in Detroit, MI at 12555 Harper Ave, in the Ravendale District.
    • Zoned B4, situated on a 1,956 sq ft lot.
    • Features a bar, convenience store, and storefront configuration.
    • $15 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    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
    -82.977463961859
    Latitude
    42.400910880765

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    FAQs

    What type of property is this?
    Individual retail property - Detroit Bar/Store, $18k
    Where is this individual retail property located?
    The property is located at 12555 Harper Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $18,000.
    What are key features of this property?
    This property features: $18,000 asking price for a 1,200 sq ft retail property.; Located in Detroit, MI at 12555 Harper Ave, in the Ravendale District.; Zoned B4, situated on a 1,956 sq ft lot.
    Request Owner's contact information
    12555 Harper Ave Detroit, MI 48213
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    Detroit, MI 48213
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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
    12555 Harper Ave Detroit, MI 48213
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