Current Use by Public Records
- Retail properties & Spaces
Property Details for 12401 Morang Ave
- Year built
- 1955
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a multi-tenant retail building located at 12401 Morang Avenue in Detroit, Michigan, 48224. The property, boasting 2,854 square feet, is currently occupied by a salon and a photo studio, providing immediate cash flow potential for the new owner. Built in 1955, the building is classified as Class C and is zoned B4, offering flexibility for a variety of commercial uses. The asking price is $119,000, translating to a price per square foot of $41.70. The property's APN is 21076821. This presents a strong value proposition in the Detroit market. The property's location in Wayne County offers convenient access to major transportation routes and a diverse customer base. This is an ideal opportunity for investors seeking a stable, income-generating asset with potential for future appreciation. The existing tenants provide a solid foundation for immediate returns, while the B4 zoning allows for a range of potential future uses and tenant diversification. Serious inquiries are encouraged to explore this promising investment further. Detailed financial information and property disclosures are available upon request.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9554
- Latitude
- 42.4281
