15629 Warren Ave Detroit, MI 48228-3733
Property summary
This exceptional Detroit storefront, located at 15629 W Warren Ave, presents a lucrative investment opportunity. The property boasts a total of 4,150 square feet of net rentable space, spread across two units within a two-story building. Completely renovated in 2020, this retail space is ideally situated near the Warren/Greenfield, Dearborn border, offering excellent visibility and accessibility. The asking price is $575,000, translating to $138.55 per square foot. Ample parking is available on an adjacent lot and an additional lot behind the building on Montrose Street, both included in the sale. The property sits on three lots, providing significant potential for future expansion or development. The building is equipped with modern security features including a camera system, a phone system, and a standby generator, ensuring operational efficiency and peace of mind. This versatile space is suitable for a variety of retail uses and includes a second-floor apartment, adding to its overall value and potential income streams. This turnkey operation is ready for immediate occupancy and presents a rare opportunity to acquire a well-maintained, high-traffic retail property in a desirable Detroit location. The property is offered for sale as a 100% ownership opportunity.
Property profile
VerifiedCap rate & NOI
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
Similar Nearby for Sale
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Value estimation
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Cap rate
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from $99/month
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
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Zoning designation
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The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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