Technical
Financial
Distress signals
Property profile

119 Garfield St Detroit, MI 48201

OFF-MARKET
Commercial real estate
Property ID
US43-1801006
2,066 SF 0.15 ac lot Built 1915
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1915
Total area 2,066 SF
Lot 0.15 ac (6,534 SF)
Zoning code PD
APN 01001166.
UPID US43-1801006

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • Apartment Building
  • Clothing & Fashion Store

Location

119 Garfield St Detroit, MI 48201-1986
Detroit metro Census 517500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
$350k

Owner & transaction history

since 2020
4 recorded transactions
2020
Price N/A
2020
$200,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PD · Detroit, MI
Zoning description

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…

General category PLANNED_DEVELOPMENT

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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