13018 Fenkell Ave Detroit, MI 48227
- Retail properties
- 12,698 SF
- 0.55 lot acres
Current Use by Public Records
- Retail properties
Property Details for 13018 Fenkell Ave
- Year built
- 1945
- Lot size
- 0.55 lot acres
- Property size
- 12,698 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1729
- Latitude
- 42.4025
