Individually Owned 
For Sale
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Property summary
This 11,600 square foot building, situated on a 9,585 square foot lot (APN: 21001430 + 21001431 + 21001432), presents a unique investment opportunity in Detroit, Michigan (48224). Currently operating as a church with a seating capacity of 225-250, the property also includes two commercial storefronts and three apartments (two one-bedroom and one studio). Built in 1926, the structure features a brick/block exterior and cement slab foundation. The building boasts 6,500 square feet dedicated to the church, and an additional 5,432 square feet encompassing the commercial and residential spaces. Amenities include a paved parking lot with 14 spaces, two classrooms, six offices, and a kitchen. The HVAC system consists of gas forced air with partial central air. The property is zoned B-4 Commercial, offering diverse redevelopment potential. While the church portion is currently occupied, the commercial storefronts and apartments are vacant and require complete renovation. The building also needs a new roof. Taxes are exempt. Its location near the Grosse Pointe City limits offers significant growth potential. Ideal for daycare, school, community center, or various retail, sales, service, and office uses. Occupancy is negotiable.
Property profile
VerifiedCap rate & NOI
Current use
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Church
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
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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
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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