Property profile

9252 Erwin Ave Detroit, MI 48213

OFF-MARKET
Retail properties & Spaces
2,400 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This vacant retail building in Detroit, MI (9252 Erwin Ave, 48213) offers a remarkable investment opportunity. The 2,400-3,200 square foot property includes a former convenience store and grocery store, featuring coolers, shelves, and a bulletproof counter, all included in the sale. Security cameras are installed. The building also boasts a three-bedroom apartment upstairs requiring renovation, presenting additional income potential. The property's prime location near major employers like GM, Chrysler, and Universal Logistics, along with its proximity to key transportation hubs, ensures high foot traffic and consistent customer flow. The area is undergoing redevelopment, promising future growth. The asking price is $75,000. Note: Inventory and licenses are not included in the sale. This is a chance to own a retail building in a rapidly developing Detroit neighborhood. The kitchen area adds versatility to the main retail space. The property is conveniently located a short drive from Chrysler Transport, Universal Logistics, GM Factory Zero, DWSD, and Coleman Young Airport.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,400 SF

Cap rate & NOI

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

Location

9252 Erwin Ave Detroit, MI 48213
Detroit metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9252 Erwin Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message