Property profile

60 Hancock St Detroit, MI 48201

OFF-MARKET
Medical Office Space
Property ID
US43-5011983
4,868 SF 0.34 ac lot Built 1956
Entity Owned 16-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1956
Total area 4,868 SF
Lot 0.34 ac (14,810 SF)
Zoning code B4
APN 02000959.
UPID US43-5011983

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency
  • Physician
  • Physician

Location

60 Hancock St Detroit, MI 48201-1343
Detroit metro Census 520200 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
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Blend (final) Blend
$350k

Owner & transaction history

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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