23850 Fenkell Ave Detroit, MI 48223
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.
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.