38 Piquette Ave Detroit, MI 48202
This exceptional 9,000 square foot warehouse at 38 Piquette Avenue in Detroit, Michigan presents a unique investment opportunity. Situated on a quarter-acre lot, this two-story building boasts flexible M2 zoning, allowing for a variety of uses. The property's history includes a notable past as a former mayor's carriage house, adding to its character and potential. The warehouse features impressive ceiling heights ranging from 10 to 24 feet, providing ample vertical space for storage or creative adaptations. Two grade-level doors offer convenient access for loading and unloading. The asking price is $695,000, translating to $77.22 per square foot. This stand-alone building offers significant potential for redevelopment within a dynamic and evolving area of Detroit. Its location in Wayne County, Michigan, zip code 48202, provides easy access to major transportation routes. The property's size and zoning make it ideal for a variety of industrial or commercial ventures. This is a rare chance to acquire a substantial piece of Detroit real estate with a rich history and bright future. Don't miss this opportunity to own a piece of Detroit's industrial heritage.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.