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    15798 Warren Ave Detroit, MI 48224

    For Sale
    $239,000

    6,370 SF Retail, High-Traffic Location

    Property size:
    6,370 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 6,370 square-foot retail property, situated at 15798 E Warren Ave in Detroit, Michigan, presents a unique investment opportunity. Formerly a funeral home, this 1935-built structure offers a spacious and adaptable layout perfect for various retail or commercial ventures. The property sits on a 10,000 square-foot lot within the B4 General Business District, ensuring high visibility and accessibility on a busy thoroughfare. Currently vacant, this property allows for immediate occupancy and customization to meet specific business needs. The asking price is $239,000, translating to $37.52 per square foot. Its prime location and substantial size make it an ideal choice for businesses seeking a strong presence in a dynamic Detroit commercial corridor. The property's rich history and adaptable space offer a chance to create a thriving enterprise in a revitalizing area. This is a rare opportunity to acquire a substantial retail space in a high-traffic location, ready for immediate development and tailored to your business vision. The property's zoning allows for a wide range of commercial uses, making it a versatile and attractive investment.

    Property Features for 15798 Warren Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    6,370 SF

    HighLights

    • 6,370 SF retail space.
    • High‑traffic location on E Warren Ave, Detroit.
    • Currently vacant, immediate occupancy available.
    • Suitable for various retail or commercial uses.
    • Built in 1935.
    • 10,019 SF lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Day By Day ... Church

    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
    -82.944577505451
    Latitude
    42.400373412683

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    FAQs

    What type of property is this?
    Specialty property - 6,370 SF Retail, High-Traffic Location
    Where is this specialty property located?
    The property is located at 15798 Warren Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $239,000.
    What are key features of this property?
    This property features: 6,370 SF retail space.; High-traffic location on E Warren Ave, Detroit.; Currently vacant, immediate occupancy available.
    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
    15798 Warren Ave Detroit, MI 48224
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