Property profile

14120 Wyoming Ave Detroit, MI 48238

OFF-MARKET
Retail properties & Spaces
12,060 SF 0.88 ac lot Built 1958
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 12,060-square-foot vacant grocery store building situated on a 0.88-acre lot in Detroit, Michigan. Located at 14120 Wyoming Ave, this single-story, Class C retail property boasts a prime location in a high-traffic area, easily accessible from major freeways, The Jeffries (I-96) and The Lodge Freeway (M-10). Built in 1958 and renovated in 2003, the building features block construction with a steel truss roof, recently repaired. A new overhead door and security gate enhance security. Ample parking is available with approximately 60 spaces on both the north and south sides of the building, complemented by a rear alley drive. The property offers a 13.7-foot clear height and is zoned B-4 Commercial. The asking price is $275,000, translating to $22.80 per square foot. With a population of 160,000 and 89,000 households within a 3-mile radius, this property presents significant potential for a variety of retail uses. The property is currently vacant, offering immediate occupancy. The APN is 16037348-64. This is a single-unit building with a single tenancy.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1958
Total area 12,060 SF
Lot 0.88 ac (38,333 SF)

Cap rate & NOI

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

Location

14120 Wyoming Ave Detroit, MI 48238
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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