17170 Harper Ave, Detroit, MI 48224-1955
- Drug stores
- 12,600 SF
- 0.48 lot acres
Current Use by Public Records
- Rite Aid Pharmacy / Pharmacy
- Bland J. Khalifah, RPH / Pharmacy
- Amazon Locker - Heerandra / Postal Service / Courier Service
- Rite Aid / Pharmacy
- higi / Physician
Property Details for 17170 Harper Ave
- Year built
- 1993
- Lot size
- 0.48 lot acres
- Zone code
- B4
- Property type
- Drug stores
- APN
- 21003773-82
- APU
- 2100377382
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 28, 2022 | $2,550,000 | Bocani LLC | Stnl Detroit LLC | Deed | $750k · First Merchants Bank |
| Jul 21, 2021 | — | Stnl Detroit LLC | Oldtown Associates I Limited Partne | Deed | $1.2M · Cf Bank |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,380,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,585,000
- 6.5%
- $2,390,000
- 7%
- $2,215,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9351
- Latitude
- 42.4168
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
