7455 Fenkell Ave Detroit, MI 48238
This 1,600 square foot, single-story commercial building, located at 7455 Fenkell Ave, Detroit, MI 48238, presents a unique investment opportunity. Priced at $250,000 ($156.25/sq ft), this vacant property offers significant potential. Built in 1948 and renovated in 2016, the building sits on a 3,000 square foot lot and is zoned for commercial use. The interior boasts a versatile layout currently configured as a club, featuring a central bar, ample seating, a dance floor, a kitchen area, separate men's and women's restrooms, an office, and storage space. The 10-foot ceilings add to the spacious feel. The property is 100% owner-occupied and is being sold as-is. This turnkey operation is ready for immediate use or creative redevelopment to suit a variety of entertainment concepts. The seller is open to discussing creative financing options to assist with closing costs. All showings require pre-arranged appointments.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.