Property summary
This exceptional mixed-use property at 119 Garfield Street in Detroit, Michigan, presents a unique investment opportunity. The 11,915 square foot building offers multiple tenancy options, currently featuring two suites. A significant portion of the building, totaling 2,457 square feet, is currently vacant and ready for immediate occupancy. Ideal for a variety of retail businesses, the available space ranges from a minimum of 897 square feet to a maximum contiguous space of 1,560 square feet. The building's mixed-use designation allows for flexibility in tenant selection and potential for synergistic businesses. Located in the vibrant 48201 zip code of Detroit, this property benefits from excellent visibility and accessibility. The property's multi-family component adds to its overall value and potential rental income. This is a rare chance to acquire a well-situated Detroit property with immediate income potential and significant upside. The building's existing infrastructure provides a solid foundation for new tenants, minimizing upfront investment costs. Serious inquiries are encouraged to explore this compelling opportunity further. Contact us today to schedule a viewing and discuss lease terms.
Property profile
VerifiedCap rate & NOI
Current use
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Cafe & Coffee Shop
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Apartment Building
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Clothing & Fashion Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
District. (5) M5 Special Industrial District. (Code 1984, § 61-7-4; Ord. No. 11-05, § 1(61-7-4), eff. 5-28-2005) Sec. 50-7-5. - Special districts. Special districts and overlay areas within the City are as follows: (1) P…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PD · Detroit, MIDistrict. (5) M5 Special Industrial District. (Code 1984, § 61-7-4; Ord. No. 11-05, § 1(61-7-4), eff. 5-28-2005) Sec. 50-7-5. - Special districts. Special districts and overlay areas within the City are as follows: (1) P…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
District. (5) M5 Special Industrial District. (Code 1984, § 61-7-4; Ord. No. 11-05, § 1(61-7-4), eff. 5-28-2005) Sec. 50-7-5. - Special districts. Special districts and overlay areas within the City are as follows: (1) P…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PD in Detroit, MI.
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