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    3446 Michigan Ave Detroit, MI 48216

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    For Sale
    Contact for pricing

    7,000 SF Retail Space - Detroit

    Property size:
    7,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,000 square foot retail redevelopment opportunity is ideally situated at the northeast corner of Michigan Avenue and 24th Street in Detroit, Michigan. The property boasts a prime location, benefiting from high traffic counts on Michigan Avenue, a major thoroughfare. Its strategic placement offers exceptional access to major freeways, including I-75 and I-96, ensuring convenient transportation for both customers and employees. Furthermore, the property enjoys proximity to key landmarks, including Michigan Central Station (approximately half a mile away), the Detroit-Windsor border (3 miles), and downtown Detroit (2.2 miles). This presents a unique chance to establish a thriving business in a rapidly developing area. The property is offered as a single-tenant space, providing flexibility for a variety of retail concepts. The building is designated for redevelopment, allowing for customization to suit specific business needs. A land contract is available for qualified buyers. The asking price is available upon request. This is a rare opportunity to acquire a significant retail space in a high-growth area of Detroit. The property's strategic location and redevelopment potential make it an attractive investment for discerning buyers. Serious inquiries are encouraged to explore this promising venture.

    Property Features for 3446 Michigan Ave

    General Information

    Property type
    Retail properties
    Square Feet
    7,000 SF

    HighLights

    • 7,000 SF retail redevelopment opportunity at the NE corner of Michigan Ave & 24th Street, Detroit.
    • High traffic counts on Michigan Ave.
    • Exceptional freeway access (I‑75 & I‑96).
    • 0.5 miles from Michigan Central Station.
    • 3 miles from the Detroit‑Windsor border.
    • 2.2 miles from downtown Detroit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Eddie's Produce Produce Wholesaler

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0914166
    Latitude
    42.331649

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    FAQs

    What type of property is this?
    Retail property - 7,000 SF Retail Space - Detroit
    Where is this retail property located?
    The property is located at 3446 Michigan Ave Detroit, MI.
    What are key features of this property?
    This property features: 7,000 SF retail redevelopment opportunity at the NE corner of Michigan Ave & 24th Street, Detroit.; High traffic counts on Michigan Ave.; Exceptional freeway access (I-75 & I-96).
    (248) 890-7413
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    3446 Michigan Ave Detroit, MI 48216
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    Detroit, MI 48216
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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
    3446 Michigan Ave Detroit, MI 48216
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