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19000 W Warren Ave 2,562 SF Retail Building Detroit, MI 48228 $400,000 ($156.13/SF) 8.70% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Retail For Sale/Lease
  • White Boxed Spaces with Brand New Mechanicals
  • Located on W. Warren between Evergreen and Southfield Fwy
  • Two Separately Metered 1,281 SF Spaces For Lease
  • On-Site Parking!

EXECUTIVE SUMMARY

White Boxed Retail Space for Sale/Lease on W. Warren. Two separately metered suites remodeled in 2023. Owner will sell or lease the building.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,562 SF
Year Built/Renovated
1990/2023
Price
$400,000
Price Per SF
$156.13
Cap Rate
8.70%
NOI
$34,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.22 AC
Zoning
B4
Parking
20 Spaces (7.81 Spaces per 1,000 SF Leased)
Frontage
94’ on Warren Ave

NEARBY MAJOR RETAILERS

Chase Bank
Planet Fitness
Citizens Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-0006647
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$53,400
  • Listing ID: 28990852

  • Date on Market: 7/13/2023

  • Last Updated:

  • Address: 19000 W Warren Ave, Detroit, MI 48228

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