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    OFF-MARKET
    Bars & Pubs

    3536 Michigan Ave, Detroit, MI 48216-1007

    918 SF 0.02 ac lot Built 1941
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0324690
    Property summary
    AI-generated overview

    This vacant, 915-square-foot retail building, located at 3536 Michigan Ave in Detroit, Michigan, presents a unique investment opportunity. Built in 1941 and extensively renovated in 2022, the property boasts a new roof and updated electrical systems, ready for immediate occupancy. The single-story building sits on a 1,000-square-foot lot and is zoned B4. Its prime location in Detroit's vibrant Corktown neighborhood places it within close proximity to numerous high-profile businesses and attractions, including Ford Motor Company, Michigan Central Station, the new Detroit City FC stadium, and a variety of popular restaurants and shops. The property's single-tenant occupancy and Net NNN lease type offer straightforward ownership. The asking price is $175,000. The property's APN is 12-000362. This is an exceptional chance to acquire a well-maintained, updated building in a rapidly developing area with significant growth potential. The building's proximity to major employers and entertainment venues makes it an attractive proposition for a variety of businesses.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1941
    Total area 918 SF
    Lot 0.02 ac (871 SF)
    Zoning code B4
    APN 12000362.
    UPID US43-0324690
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    No Half Measures LLC · 1 yrs held
    No Half Measures LLC
    since 2024
    Last sale
    $170,063
    2 recorded transactions
    2024
    $170,063
    2020
    $40,000
    Zoning & alternative use
    B4 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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