Individually Owned Property summary
The property is a commercial building in Detroit, Michigan, situated on a 0.4-acre lot and containing approximately 13,208 square feet of space. The interior includes a lobby, three conference rooms, and more than thirteen private rooms that can support configurations such as office suites, coworking areas, or specialty service spaces. A freight elevator provides access for equipment and supplies. The finished basement includes a commercial-grade kitchen, which can be used for food service, catering operations, or employee dining. Outside, the property features a large fenced lot with capacity for more than forty vehicles. The building’s layout supports potential uses ranging from subdivision for multiple tenants to operation as a single larger user or a mixed-use concept.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Laboratory
Location
Value estimations
Owner & transaction history
Zoning & alternative use
of this Code. (Code 1984, § 61-7-1; Ord. No. 11-05, § 1(61-7-1), eff. 5-28-2005) Sec. 50-7-2. - Residential Districts. Residential districts within the City are as follows: (1) R1 Single-Family Residential District. (2)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
R2 · Detroit, MIof this Code. (Code 1984, § 61-7-1; Ord. No. 11-05, § 1(61-7-1), eff. 5-28-2005) Sec. 50-7-2. - Residential Districts. Residential districts within the City are as follows: (1) R1 Single-Family Residential District. (2)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
of this Code. (Code 1984, § 61-7-1; Ord. No. 11-05, § 1(61-7-1), eff. 5-28-2005) Sec. 50-7-2. - Residential Districts. Residential districts within the City are as follows: (1) R1 Single-Family Residential District. (2)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R2 in Detroit, MI.
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