8501 Puritan Ave Detroit, MI 48238
This exceptional investment opportunity presents a multi-unit commercial property in Detroit, Michigan, encompassing two separate buildings totaling 6,956 square feet. Located at 8501 Puritan Ave and 8515 Puritan St, this property boasts a convenient location with on-site fenced rear parking. The main building at 8501 Puritan Ave offers 4,416 square feet, while the second building at 8515 Puritan St provides an additional 2,540 square feet. Currently configured as a daycare center, this property is zoned B2, offering flexibility for various commercial uses. Built in 1928, the buildings are classified as Class B. The property sits on a sizable 11,504 square foot lot, providing ample space. The asking price for this turnkey investment is $269,000. The property includes two units and features two buildings on separate parcels (APN: 16007535 | 16007536). This is a rare opportunity to acquire a well-located, established commercial property with significant potential.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.