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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

23850 Fenkell Ave Detroit, MI 48223

1,000 SF 0.13 ac lot Built 1957
Property ID
Property summary
AI-generated overview

This exceptional 1,000-square-foot storefront located at 23850 Fenkell Avenue in Detroit, Michigan, presents a remarkable investment opportunity. The property, built in 1957 and completely renovated in 2023, is a turn-key building ready for immediate occupancy. Boasting a prime location near the intersection of 5 Mile and Telegraph Roads, this retail space offers excellent frontage and visibility on Fenkell Avenue, ensuring high traffic and exposure for your business. The property sits on a 0.13-acre lot and includes a fenced-in parking lot for added convenience. Currently zoned B-4 (Commercial), this versatile space allows for a multitude of potential uses, making it an ideal choice for a variety of businesses. The asking price is $199,000, translating to $199 per square foot. This is a single-unit building in excellent condition, ready for your business to thrive. Don't miss this chance to own a piece of Detroit's vibrant commercial landscape. Serious inquiries only.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1957
Total area 1,000 SF
Lot 0.13 ac (5,663 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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