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    12062 Broadstreet Ave Detroit, MI 48204

    For Sale
    $299,900

    Vacant 3,000 sq ft building, renovated 2024.

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional mixed-use property, located at 12062 Broadstreet Avenue in Detroit, Michigan, presents a compelling investment opportunity. The building, constructed in 1926 and extensively renovated in 2024, boasts a generous 3,000 square feet of space, currently vacant and ready for immediate occupancy. Situated on a sizable 7,509 square foot lot, the single-story structure benefits from high visibility and traffic, making it ideal for a variety of commercial ventures. The asking price is $299,900, translating to a price per square foot of $99.97. This represents a strong value proposition in the vibrant Detroit market. The property's prime location in Wayne County, with easy access to major thoroughfares, further enhances its appeal. The building's recent renovation ensures modern amenities and functionality, minimizing upfront capital expenditures for the new owner. This is a rare chance to acquire a well-positioned, renovated mixed-use property in a rapidly developing area of Detroit. The vacant status allows for complete customization to suit the buyer's specific business needs and vision. Serious inquiries are encouraged to explore this promising investment prospect.

    Property Features for 12062 Broadstreet Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,000 SF

    Building Details

    Year Built/Renovated
    1926/2024
    Stories
    1

    HighLights

    • 12062 Broadstreet Avenue, Detroit, MI, 3,000 SF mixed‑use building on a 7,509 SF lot.
    • Recently renovated (2024), currently vacant, ready for immediate occupancy.
    • Asking price: $299,900 ($99.97/SF).
    • Prime Wayne County location with high visibility and easy access to major thoroughfares.
    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 Clothing Store Building Supply 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
    -83.1335971
    Latitude
    42.3788296

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    FAQs

    What type of property is this?
    Mixed-use property - Vacant 3,000 sq ft building, renovated 2024.
    Where is this mixed-use property located?
    The property is located at 12062 Broadstreet Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: 12062 Broadstreet Avenue, Detroit, MI, 3,000 SF mixed-use building on a 7,509 SF lot.; Recently renovated (2024), currently vacant, ready for immediate occupancy.; Asking price: $299,900 ($99.97/SF).
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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
    12062 Broadstreet Ave Detroit, MI 48204
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