15144 Harper Ave Detroit, MI 48224
- Retail space
- 2,200 SF
- 0.05 lot acres
Current Use by Public Records
- Retail space
Property Details for 15144 Harper Ave
- Year built
- 1953
- Lot size
- 0.05 lot acres
- Property size
- 2,200 SF
- Zone code
- B4
- Property type
- Retail space
- APN
- 21003921.
- APU
- 21003921
Description
This 2,200 sq ft, two-unit building in Detroit, Michigan, presents a compelling investment opportunity. Located on busy Harper Avenue, the property features a vacant ground-floor retail space previously used as a convenience store, complete with an eight-door walk-in cooler and a full basement for ample storage. The versatile space is ideal for various retail uses, including convenience stores, mini-marts, carry-out restaurants, or even food truck parking. Upstairs, a three-bedroom apartment with a large living area provides additional income potential. Both units are individually metered for efficient utility management. Built in 1953, the building sits on a 0.1-acre lot and benefits from its location, connected to the Morningside neighborhood via a bridge over the expressway, ensuring high visibility and accessibility. The property is zoned for commercial and multi-family use, offering flexibility for future development. The asking price is $199,000. This is a rare opportunity to acquire a well-located, mixed-use property with significant upside potential in a thriving Detroit neighborhood. The property's features, including the walk-in cooler, basement storage, and the residential apartment, make it an attractive investment for both seasoned and new investors. The strategic location on Harper Avenue, coupled with the bridge access, ensures high foot traffic and visibility, maximizing the potential for rental income and business success. Don't miss this chance to own a piece of Detroit's vibrant commercial landscape.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $120,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $83,000
- AI Estimate
- $83,000
Market price range: $42.1k - $128kMarket price range: $42.1k - $128k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $80,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $165,000 Change: +103% Conversion: Moderate
- MEDICAL BUILDING
- $140,000 Change: +69% Conversion: Difficult
- OFFICE BUILDING
- $135,000 Change: +65% Conversion: Easy
- AUTO REPAIR, GARAGE
- $135,000 Change: +62% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9573
- Latitude
- 42.4065
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA