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    OFF-MARKET
    Retail properties & Spaces

    3239 Puritan Ave, Detroit, MI 48238

    1,980 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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