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    OFF-MARKET
    Retail properties & Spaces

    13840 Fenkell Ave, Detroit, MI 48227

    1,493 SF 0.09 ac lot Built 1929
    Property ID
    Property summary
    AI-generated overview

    This 1,493 square foot storefront located at 13840 Fenkell Avenue in Detroit, Michigan, presents a compelling investment opportunity. The property, built in 1929, is classified as a Class C retail building and sits on a 0.09-acre lot (APN 22-011481). Zoned B-2 Business Commercial, it offers significant potential for redevelopment or adaptive reuse. Previously used as an auto repair facility specializing in glass and tire services, the building features three 8' x 10' overhead doors, a highly desirable characteristic for various businesses. Its prominent location on a hard corner at the intersection of Fenkell and Stansbury provides excellent visibility and accessibility. The asking price is $85,000, translating to $56.93 per square foot. This represents an aggressive price point reflecting the seller's motivation to secure a quick sale. The single-story building requires renovation and presents a value-add opportunity for a discerning investor seeking a project with substantial upside potential. The property's history and existing features offer a unique canvas for a creative entrepreneur or investor looking to capitalize on the Detroit market. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1929
    Total area 1,493 SF
    Lot 0.09 ac (3,920 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
    Allowed · conditional · prohibited
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