Property profile

17416 Wyoming Ave Detroit, MI 48221

OFF-MARKET
Warehouses
3,097 SF 0.09 ac lot Built 1956
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Property summary

AI-generated overview

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 profile

Verified
Property type Warehouses
Year built 1956
Total area 3,097 SF
Lot 0.09 ac (3,920 SF)

Cap rate & NOI

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

Location

17416 Wyoming Ave Detroit, MI 48221
Detroit metro
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Value estimations

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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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