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Property summary
This vacant 8,281 square foot storefront, located at 14320 Harper Avenue in Detroit, Michigan, presents a unique investment opportunity. Built in 1953, this single-story, fee-simple property sits on a 0.191-acre lot and is zoned B4 Commercial. The asking price is $349,000, translating to $42.14 per square foot. The building features a large unfinished room, offering significant potential for customization and expansion. The roof was replaced in 2015. This property benefits from its strategic location just west of Chalmers Avenue and its proximity to I-94, a major thoroughfare boasting a daily traffic volume of 120,380 vehicles. Note that any existing advertising signage is not included in the sale. The property is currently vacant, providing immediate occupancy for a new tenant or owner-operator. This is a rare opportunity to acquire a substantial retail space in a high-traffic area of Detroit.
Property profile
VerifiedCap rate & NOI
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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