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    17416 Wyoming Ave Detroit, MI 48221

    Sponsored
    For Sale
    $130,000

    3,097 SF, 2-unit flex space, $130,000

    Property size:
    3,097 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,097 square foot commercial property, located at 17416 Wyoming Ave in Detroit, Michigan, presents a unique investment opportunity. The building, constructed in 1956, features two distinct units: a dedicated office space and a warehouse, offering versatility for a range of businesses. The property sits on a 0.09-acre lot and benefits from a secure rear area. A long-standing construction business has occupied the premises for approximately 25 years, demonstrating its suitability and stability. The B-2 zoning classification provides considerable flexibility, permitting uses such as child care centers, educational facilities, barbershops, retail establishments, and medical clinics. Its advantageous location adjacent to Samuel C. Mumford High School and with convenient access to M-10 freeway ensures high visibility and easy accessibility. The asking price for this well-maintained, two-unit building is $130,000. The property's APN is 16037646-7. This is a rare opportunity to acquire a versatile commercial property in a thriving Detroit neighborhood. The property's two units provide ample space for a variety of business ventures, while the convenient location and flexible zoning offer significant potential for future growth and profitability. Don't miss this chance to own a piece of Detroit's commercial landscape.

    Property Features for 17416 Wyoming Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    3,097 SF
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1956
    Units
    2

    HighLights

    • 3,097 SF two‑unit flex building for sale.
    • Building features a separate office unit and warehouse unit.
    • Includes a small, secure rear lot.
    • Established business history (approx. 25 years).
    • B‑2 zoning permits diverse uses, including childcare, retail, and medical.
    • Excellent location adjacent to Samuel C. Mumford High School, with convenient M‑10 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1602294
    Latitude
    42.4204278

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    FAQs

    What type of property is this?
    Distribution property - 3,097 SF, 2-unit flex space, $130,000
    Where is this distribution property located?
    The property is located at 17416 Wyoming Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: 3,097 SF two-unit flex building for sale.; Building features a separate office unit and warehouse unit.; Includes a small, secure rear lot.
    Request Owner's contact information
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    Detroit, MI 48221
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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
    17416 Wyoming Ave Detroit, MI 48221
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