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    Property profile & analytics
    OFF-MARKET Estimated value $635,000
    Specialty properties

    5961 14th St, Detroit, MI 48208-1608

    31,441 SF 0.27 ac lot Built 1924
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US43-0893450
    Property summary
    AI-generated overview

    This exceptional 30,555-square-foot retail space at 5961 14th Street in Detroit, Michigan, presents a unique investment opportunity. Located in Wayne County (APN 10-005119), this single-tenant building offers unparalleled flexibility thanks to its flexible zoning. Originally constructed in 1920, the property underwent a complete renovation in 2019, ensuring modern amenities and functionality within a historically significant structure. The building boasts three stories, providing ample space for a variety of retail uses. The entire 30,555 square feet is currently vacant, presenting a blank canvas for a prospective tenant to customize to their specific needs. The property's prime location in Detroit, Michigan, zip code 48208, offers excellent visibility and accessibility. This is an exceptional opportunity to acquire a substantial retail property in a thriving urban area, ready for immediate occupancy. The building's recent renovation ensures modern systems and infrastructure are in place, minimizing upfront capital expenditures. The flexible zoning allows for a wide range of potential uses, maximizing the property's versatility and potential return on investment. This is a rare chance to secure a large, renovated retail space in a desirable Detroit location.

    Property profile
    Verified
    Property type Specialty properties
    Use group CHARITABLE ORGANIZATION
    Year built 1924
    Total area 31,441 SF
    Lot 0.27 ac (11,761 SF)
    Zoning code B4
    APN 10005119.
    UPID US43-0893450
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $637k
    Blend (final) Blend
    $635k
    Owner & transaction history
    Class Investments 2 LLC · 6 yrs held
    Class Investments 2 LLC
    since 2020
    6 recorded transactions
    2020
    2017
    2016
    2013
    $4,995
    2012
    $710
    2011
    Zoning & alternative use
    B4 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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