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    OFF-MARKET
    Retail properties & Spaces

    7001 Fenkell Ave, Detroit, MI 48238

    4,848 SF
    Property ID
    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
    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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