Entity Owned Property summary
The property consists of a 3,380 sq. ft. commercial building with a 30 x 100 fenced parking lot, situated in Detroit’s Gordie Howe International Bridge district at 6944 W Fort Street and 700 Beard St. It is located near the bridge’s port of entry and within walking distance of three pedestrian/bike bridges connecting the U.S. and Canadian border. The site covers approximately 0.23 acres and is zoned B4 – General Commercial, supporting uses such as retail, office, and flex warehouse. The building layout includes flex warehouse space in the rear and front areas configured for office and retail potential, allowing for multiple use arrangements. The property has undergone recent system and envelope upgrades, including roof, windows, HVAC, electrical systems, and includes two bathrooms.
Property profile
VerifiedCap rate & NOI
Current use
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High School
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
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Detroit market rent, vacancy and expense benchmarks for this use type.
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.
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