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Property profile & analytics
OFF-MARKET Estimated value $230,000
Retail space

15125 Harper Ave Detroit, MI 48224-2970

2,372 SF 0.1 ac lot Built 1941
Individually Owned 1-yr Hold Free & Clear
Property ID
US43-0019027
Property summary
AI-generated overview

This exceptional 2,400 square foot industrial property, located at 15125 Harper Avenue in Grosse Pointe, Michigan, presents a compelling investment opportunity. Situated on a 0.1-acre lot in Wayne County, this building offers ample space for various industrial uses. The asking price is $475,000. The property's address is conveniently located within the 48224 zip code, offering easy access to major transportation routes and essential amenities. This industrial space is ideal for businesses seeking a well-located and functional facility. Prospective buyers should note that showings and inspections are scheduled online, and pre-approval for purchase is required in advance. Audio and video recording is in effect on the property. The property is classified as an industrial building and offers a substantial footprint for a variety of potential uses. Its strategic location in Grosse Pointe, Michigan, provides access to a skilled workforce and a thriving business community. The property's size and location make it an attractive option for businesses seeking to establish or expand their operations in the Detroit metropolitan area. Further details regarding the property's specifications and potential uses are available upon request.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1941
Total area 2,372 SF
Lot 0.1 ac (4,356 SF)
Zoning code B4
APN 21004433-4
UPID US43-0019027
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Boozilla Bar & Pub (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k
Owner & transaction history
James Jennings · 1 yrs held
James Jennings
since 2024
7 recorded transactions
2024
Price N/A
2024
Price N/A
2024
$53,000
2018
Price N/A
2016
$32,000
2016
Price N/A
2011
$4,800
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

), 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) B4 General Business District. (5) B5 Major Business District. (6) B6 General Services District. (Code 1984, § 61-7-3; Ord. No. 11-05, § 1(61…

Zone name General Business District
General category COMMERCIAL
Zone area 3,533.46 ac
Source code of ordinances
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