Property profile

3239 Puritan Ave Detroit, MI 48238

OFF-MARKET
Retail properties & Spaces
1,980 SF
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Property summary

AI-generated overview

This exceptional Detroit property presents a unique investment opportunity, encompassing a versatile 1,980 square foot building situated on a 3,300 square foot lot. The single-story structure is zoned B2, offering flexibility for a variety of uses. Currently configured as a bar, convenience store, and traditional office space, this property boasts significant potential for diverse income streams. Located in the vibrant Pilgrim Village neighborhood, the property enjoys convenient access to major thoroughfares, including the Lodge and Davison Freeways, ensuring high visibility and accessibility. Its proximity to the University of Detroit Mercy further enhances its appeal. The asking price is $15,000, translating to a price per square foot of $7.58. The address is 3239 Puritan Avenue, Detroit, Michigan, 48238. This is a rare chance to acquire a well-positioned mixed-use property in a thriving Detroit neighborhood, offering immediate income potential and long-term growth prospects. The city of Detroit owns the property.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,980 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3239 Puritan Ave Detroit, MI 48238
Detroit metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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