15651 Warren Ave Detroit, MI 48228-3733
Property summary
This exceptional mixed-use property, located at 15651 West Warren Avenue in Detroit, Michigan (zip code 48228), presents a lucrative investment opportunity. Priced at $89,000, this 100% occupied billboard offers immediate income generation. The property is classified as a business for sale, encompassing retail and advertisement space. The sale is conducted by the owner, and the property is available for immediate purchase. The building is a single-unit structure, ideal for owner-users seeking a hands-on investment. The current occupancy rate is 100%, ensuring a steady revenue stream. While the current lease expires on October 30, 2024, the prime location in a thriving Detroit community guarantees strong potential for future leasing and advertising revenue. This billboard represents a chance to capitalize on a high-demand advertising space within a vibrant and growing neighborhood. The property is situated in Wayne County, offering easy access to major transportation routes and a high volume of daily traffic, maximizing advertising exposure. This is a rare opportunity to acquire a profitable, established billboard in a desirable location. Don't miss this chance to secure a strong return on your investment.
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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from $99/month
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
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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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