Property summary
This 2,000-square-foot former church building in Detroit, Michigan, is available for $149,000 ($74.50/sq ft). The property boasts a recently completed renovation and is currently tax-exempt. Ideal for adaptive reuse, the building features a seating capacity of 80-90, making it suitable for a variety of uses. Amenities include a newer furnace and central air conditioning system for year-round comfort. Additional features include two restrooms, a private pastor's study, and a small kitchen/dining area. Constructed of brick and block, this versatile space offers significant potential for entrepreneurs and investors seeking a unique commercial property in a prime Detroit location. The building's address is 5300 E 8 Mile Rd, Detroit, MI 48234, within Wayne County. Its current tax-exempt status presents a significant financial advantage. The existing infrastructure, including the HVAC system, kitchen, and study, provides a solid foundation for various business ventures.
Property profile
VerifiedCap rate & NOI
Current use
-
Church
-
Church Mosque
Location
Value estimations
Owner & transaction history
Zoning & alternative use
), 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)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), 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)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
), 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)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.