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    23261 Fenkell Ave Detroit, MI 48223

    Sponsored
    For Sale
    $237,500

    10,772 SF Flex Space, Vacant

    Property size:
    10,772 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A industrial property, located at 23261 Fenkell Avenue in Detroit, Michigan, presents a unique investment opportunity. Boasting 10,772 square feet of versatile flex space, suitable for manufacturing, warehousing, or showroom purposes, this property sits on a sizable 0.8-acre lot. Built in 1927, the building benefits from a recently replaced roof covering half its area, offering immediate equity potential. The property is currently vacant, providing flexibility for immediate occupancy and customization. Its strategic location on Fenkell Avenue, just east of Telegraph, ensures high visibility and accessibility, ideal for businesses seeking high traffic exposure. The asking price is $237,500, translating to a price per square foot of $22.00. The property is zoned for commercial use, and includes a vacant corner lot, adding further development potential. This is an excellent opportunity to acquire a substantial industrial space in a prime Detroit location at a competitive price. The property's size and versatility make it suitable for a wide range of businesses seeking a well-located and functional space. Don't miss this chance to capitalize on this promising investment.

    Property Features for 23261 Fenkell Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    10,772 SF
    Class
    A
    Lot Size
    34,848 SF

    Building Details

    Year Built
    1927

    HighLights

    • 10,772 SF flex space in Detroit, MI.
    • Located on a 0.8‑acre lot at 23261 Fenkell Ave.
    • Recently partially re‑roofed, offering immediate equity.
    • Currently vacant, allowing for customization.
    • High visibility location on Fenkell Ave, east of Telegraph.
    • Asking price: $237,500 ($22/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2680395
    Latitude
    42.4000273

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    FAQs

    What type of property is this?
    Distribution property - 10,772 SF Flex Space, Vacant
    Where is this distribution property located?
    The property is located at 23261 Fenkell Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $237,500.
    What are key features of this property?
    This property features: 10,772 SF flex space in Detroit, MI.; Located on a 0.8-acre lot at 23261 Fenkell Ave.; Recently partially re-roofed, offering immediate equity.
    Request Owner's contact information
    23261 Fenkell Ave Detroit, MI 48223
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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
    23261 Fenkell Ave Detroit, MI 48223
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