1341 Springwells St Detroit, MI 48209
Property Lookup
Property profile & analytics
1341 Springwells St Detroit, MI 48209
- Turn key restaurants
- 9,472 SF
- 0.38 lot acres
Property ID
US43-1716624
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Vince's Italian Restaurant / Restaurant
Property Details for 1341 Springwells St
- Year built
- 1971
- Lot size
- 0.38 lot acres
- Property size
- 9,472 SF
- Zone code
- B4
- Property type
- Turn key restaurants
- APN
- 20005579-83
- APU
- 2000557983
Description
This exceptional 9,472-square-foot commercial property, located at 1341 Springwells Street in Detroit, Michigan, presents a unique investment opportunity. Formerly housing Vince's Italian Restaurant, this vacant building sits on a 0.49-acre lot and boasts 40+ off-street parking spaces within a gated area. The property features a single-story building constructed in 1971, zoned B4 General Business District, offering significant potential for various commercial uses or redevelopment. Its prime location in southwest Detroit provides easy access to major expressways and downtown, benefiting from a high-density residential neighborhood and proximity to the Gordie Howe International Bridge. The property includes two parcels: 20005579-83 and 20005584. A Class C liquor license is available. Seller financing is also an option. This property's strategic location within a rapidly developing area makes it an attractive investment for both owner-users and developers. The substantial lot size and existing building provide ample space for a variety of commercial ventures. The property's history as a successful restaurant further underscores its potential for continued success. Additional adjacent parcels are also available for purchase, expanding the potential scope of this investment. These include vacant lots and a storage building, offering further development opportunities. This is a rare chance to acquire a significant commercial property in a thriving Detroit neighborhood.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1227
- Latitude
- 42.3048
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$10,773
$0.00
$0.00
$216,200
-
$0.00
$0.00
$432,400
