Technical
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Distress signals
Property profile

3837 Warren Ave Detroit, MI 48208

OFF-MARKET
Retail space
Property ID
US43-1817434
7,200 SF 0.14 ac lot Built 1924
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property in Detroit, Michigan, presents a unique investment opportunity. Located at 3837 W Warren Ave, 48208, this warehouse building previously housed Vicki's Barbecue restaurant, boasting a well-established customer base and significant earning potential. The sale includes the building and the established business (see separate listing for business price). The warehouse itself offers versatile space adaptable for various uses, including expansion of the existing dining area or the creation of new entertainment spaces. The property also features the potential for three upper-level apartment units, adding further income streams. The building requires updates and renovations to reach its full potential. Serious buyers must provide proof of funds or pre-approval before scheduling a showing. Profit and loss statements will be provided to qualified prospective purchasers. This is a chance to acquire a thriving business and a valuable real estate asset with substantial upside. The property is situated in Wayne County and offers a prime location in Detroit.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1924
Total area 7,200 SF
Lot 0.14 ac (6,098 SF)
Zoning code B4
APN 14001110.
UPID US43-1817434

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3837 Warren Ave Detroit, MI 48208-1821
Detroit metro Census 522800 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$110k

Owner & transaction history

since 2024
Last sale
$100,000
2 recorded transactions
2024
$65,000
2020
$100,000

Zoning & alternative use

B4 · Detroit, MI
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)…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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