Property profile

7001 Fenkell Ave Detroit, MI 48238

OFF-MARKET
Retail properties & Spaces
4,848 SF
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Property summary

AI-generated overview

This exceptional commercial property, located at 7001 Fenkell Ave in Detroit, Michigan, presents a unique investment opportunity. The 4,848 square foot building sits on a 6,001 square foot lot (60' x 100') and is zoned B2. Its versatile nature allows for a variety of uses, including convenience store, restaurant, and traditional office space, making it an attractive option for multiple business ventures. The asking price is $39,500, translating to $8.15 per square foot. This prime location within the bustling Fenkell-Livernois corridor offers excellent visibility and accessibility. Its proximity to the Lodge Freeway and the University of Detroit-Mercy ensures high traffic volume and a diverse customer base. The property's size and zoning provide ample opportunity for expansion or adaptation to suit specific business needs. This is a rare chance to acquire a well-situated commercial property in a thriving Detroit neighborhood, offering significant potential for growth and return on investment. The city of Detroit owns the property. The property's address is 7001 Fenkell Ave, Detroit, MI 48238.

Property profile

Verified
Property type Retail properties & Spaces
Total area 4,848 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7001 Fenkell Ave Detroit, MI 48238
Detroit metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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