Log In/Sign Up
Your email has been sent.
14820-14840 Kercheval St 9,200 SF 75% Leased Retail Building Detroit, MI 48215 $795,000 ($86.41/SF) 10% Cap Rate
EXECUTIVE SUMMARY
Exceptional opportunity to capitalize on the high development interest in the Kercheval Avenue District between Grosse Pointe Park and Detroit. Great location to the amenities of the Grosse Pointe Park Business District, easy access to Jefferson avenue corridor to downtown and all it's business growth. 4 newly remodeled apartments above 4 nicely sized store front/retail units. Additional 1000 sq ft commercial building along Alter, additional adjacent lot with 40 ft shipping container included with purchase. Own it all to utilize for your own business needs or lease everything for additional added income. Please do not disturb businesses or residents. Additional information and financial information available for serious inquiries. Buyers brokers w/commission welcome.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,200 SF
Building Class
C
Year Built
1921
Price
$795,000
Price Per SF
$86.41
Cap Rate
10%
NOI
$79,500
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.11
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
B4 - Mixed use commercial/residential zoning
Parking
2 Spaces (0.22 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Coffee and More
- Retailer
- -
- $12.00
- Triple Net
- Jul 2023
- Elevator Services & Testing Inc
- -
- -
- $11.00
- Triple Net
- Aug 2023
- New Horizon
- Professional, Scientific, and Technical Services
- -
- $12.00
- Triple Net
- Jul 2023
- The Leaf and Blossom Gift Store LLC
- -
- -
- $12.00
- Triple Net
- Nov 2022
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Coffee and More | Retailer | - | $12.00 | Triple Net | Jul 2023 | |
| Elevator Services & Testing Inc | - | - | $11.00 | Triple Net | Aug 2023 | |
| New Horizon | Professional, Scientific, and Technical Services | - | $12.00 | Triple Net | Jul 2023 | |
| The Leaf and Blossom Gift Store LLC | - | - | $12.00 | Triple Net | Nov 2022 |
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-000620 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $83,600 |
PROPERTY TAXES
Parcel Number
21-000620
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$83,600
1 of 17
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Alter Developments LLC
14820-14840 Kercheval St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.