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    5317 Chene St Detroit, MI 48211

    Sponsored
    For Sale
    $50,000

    6,016 SF Retail Building, $50K

    Property size:
    6,016 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Detroit retail property at 5317 Chene St offers 6,016 square feet of space, perfect for a variety of commercial uses. Built in 1900, this single-story building sits on a 0.14-acre lot and boasts a 10-foot clear height. The property is zoned B4, providing flexibility for various business ventures. Exterior showings only. The asking price is $50,000, translating to a price per square foot of $8.31. The property's address is 5317 Chene St, Detroit, MI 48211, located in Wayne County. The Assessor's Parcel Number (APN) is 09003751. This represents a unique opportunity to acquire a well-situated retail space in a vibrant Detroit neighborhood at an attractive price point. The building's single-story design and ample square footage offer significant potential for customization and adaptation to suit a wide range of business needs. Given its location and zoning, this property is ideal for entrepreneurs seeking a strong foothold in the Detroit market. Serious inquiries only.

    Property Features for 5317 Chene St

    General Information

    Property type
    Retail properties
    Square Feet
    6,016 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    1

    HighLights

    • 6,016 square feet of retail space
    • 10‑foot clear height
    • B4 zoning
    • Exterior showings only
    • $50,000 sale price ($8.31/sq. ft.)
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0427282
    Latitude
    42.3681617

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    FAQs

    What type of property is this?
    Retail property - 6,016 SF Retail Building, $50K
    Where is this retail property located?
    The property is located at 5317 Chene St Detroit, MI.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: 6,016 square feet of retail space; 10-foot clear height; B4 zoning
    (248) 359-0615
    Request Owner's contact information
    5317 Chene St Detroit, MI 48211
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    Detroit, MI 48211
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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
    5317 Chene St Detroit, MI 48211
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