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Property profile & analytics
OFF-MARKET Estimated value $2,465,000
Drug stores

17170 Harper Ave Detroit, MI 48224-1955

12,600 SF 0.48 ac lot Built 1993
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US43-0968060
Property summary
AI-generated overview

This exceptional freestanding retail property, formerly a Rite Aid, offers 12,600 square feet of versatile space situated on a 0.64-acre lot. Built in 1993, the single-story building boasts excellent visibility and accessibility due to its prime corner location at the intersection of Harper and Cadieux Roads, north of Cadieux. The property is zoned B4, General Business, allowing for a wide range of commercial uses. Ample parking is available with 50 spaces provided for customers and employees. The high-traffic location is situated within a densely populated area, exceeding 22,000 residents within a one-square-mile radius, ensuring significant potential for any business. The building is in updated condition and offers considerable flexibility for customization to meet the specific needs of a new tenant. This presents a unique opportunity to establish a thriving business in a highly desirable commercial district. The property's size, location, and zoning make it an ideal investment for entrepreneurs seeking a prominent retail presence. The existing infrastructure and ample parking further enhance its appeal. This is a rare opportunity to acquire a well-maintained, strategically located retail space with significant growth potential.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 1993
Total area 12,600 SF
Lot 0.48 ac (20,909 SF)
Zoning code B4
APN 21003773-82
UPID US43-0968060
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rite Aid Pharmacy Pharmacy
  • Bland J. Khalifah, RPH Pharmacy
  • Amazon Locker - Heerandra Postal Service Courier Service
  • Rite Aid Pharmacy
  • higi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.39M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.47M
Owner & transaction history
Bocani LLC · 3 yrs held
Bocani LLC
since 2022
Last sale
$2.6M
2 recorded transactions
2022
$2.6M
2021
Price N/A
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

), 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) B4 General Business District. (5) B5 Major Business District. (6) B6 General Services District. (Code 1984, § 61-7-3; Ord. No. 11-05, § 1(61…

Zone name General Business District
General category COMMERCIAL
Zone area 3,533.46 ac
Source code of ordinances
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