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    OFF-MARKET
    Retail properties & Spaces

    13018 Fenkell Ave, Detroit, MI 48227

    12,698 SF 0.55 ac lot Built 1945
    Property ID
    Property summary
    AI-generated overview

    This exceptional 12,698-square-foot vacant storefront, located at 13018 Fenkell Avenue in Detroit, Michigan, presents a remarkable investment opportunity. The property, built in 1945 and extensively renovated in 2016, boasts a prime location with excellent street visibility and high traffic volume. Fenkell Avenue sees over 11,000 vehicles daily, while the nearby Michigan 10 (John C Lodge Freeway) off-ramp experiences over 110,000 vehicles per day. This single-story building sits on a 0.55-acre lot and offers ample parking with 30 spaces. The property is zoned B2 and features a modified gross rent of $7.00/SF. Previously occupied by a Dollar Tree, this retail space is surrounded by a variety of national retailers including KFC, Little Caesars, Subway, White Castle, BP, Marathon, Valero, Boost Mobile, Dollar General, and Family Dollar, indicating a strong retail presence in the area. The high population density, with 400,000 people within a 5-mile radius, further underscores the potential for success. The asking price is $450,000. This is a rare opportunity to acquire a fully renovated, high-traffic retail space in a thriving Detroit location. The property's size, location, and existing infrastructure make it ideal for a variety of retail uses. The seller is highly motivated. The Wayne County APN is 22011530-8.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1945
    Total area 12,698 SF
    Lot 0.55 ac (23,958 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
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