Property summary
Located in Detroit, Michigan, this commercial property includes a 5,377-square-foot building configured for multiple potential uses. The building previously functioned as an auto/collision shop, featuring four bay doors that could be made operational again, and it has also been used as a banquet hall and church; the interior is largely open with some partitioned walls that can be removed to adjust layout. Plumbing facilities include separate “his and her” bathrooms and an additional bathroom located in the laundry room. Mechanical systems include two furnaces—one gas and one electric—that are several years old, and the roof has had repairs. The sale was described as including two adjacent lots, with an excluded small lot on the Ward side of the building measuring approximately 20 feet wide by 16 feet long; it was also noted that additional nearby lots adjacent to the Jeffries Fwy and in the Ward area are owned by the Detroit Land Bank (DLBA) and may be available through separate purchase.
Property profile
VerifiedCap rate & NOI
Current use
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Wedding Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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