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Property profile & analytics

15144 Harper Ave Detroit, MI 48224

  • Retail space
  • 2,200 SF
  • 0.05 lot acres
For Sale
Last Sale
Mar 03, 2021
$100,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-1570844
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.

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

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $120,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $83,000
    Market price range: $42.1k - $128k
    AI Estimate
    $83,000
    Market 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

Get a detailed, property-specific valuation — fast and free


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

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
$1,426
$0.00
$0.00
$38,400
-
$0.00
$0.00
$76,800
More about this property
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