Property summary
This exceptional mixed-use property, located at 12062 Broadstreet Avenue in Detroit, Michigan, presents a compelling investment opportunity. The building, constructed in 1926 and extensively renovated in 2024, boasts a generous 3,000 square feet of space, currently vacant and ready for immediate occupancy. Situated on a sizable 7,509 square foot lot, the single-story structure benefits from high visibility and traffic, making it ideal for a variety of commercial ventures. The asking price is $299,900, translating to a price per square foot of $99.97. This represents a strong value proposition in the vibrant Detroit market. The property's prime location in Wayne County, with easy access to major thoroughfares, further enhances its appeal. The building's recent renovation ensures modern amenities and functionality, minimizing upfront capital expenditures for the new owner. This is a rare chance to acquire a well-positioned, renovated mixed-use property in a rapidly developing area of Detroit. The vacant status allows for complete customization to suit the buyer's specific business needs and vision. Serious inquiries are encouraged to explore this promising investment prospect.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
dential districts within the City are as follows: (1) R1 Single-Family Residential District. (2) R2 Two-Family Residential District. (3) R3 Low Density Residential District. (4) R4 Thoroughfare Residential District. (5)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
R5 · Detroit, MIdential districts within the City are as follows: (1) R1 Single-Family Residential District. (2) R2 Two-Family Residential District. (3) R3 Low Density Residential District. (4) R4 Thoroughfare Residential District. (5)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
dential districts within the City are as follows: (1) R1 Single-Family Residential District. (2) R2 Two-Family Residential District. (3) R3 Low Density Residential District. (4) R4 Thoroughfare Residential District. (5)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R5 in Detroit, MI.
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