This Retail Property is no longer advertised on LoopNet.com.

2305 Junction St
Detroit, MI 48209
Mixed-Use Redevelopment (Opportunity Zone) · Retail Property For Sale

Investment Highlights

  • RARE MIXED-USE DEVELOPMENT SITE IN OPPORTUNITY ZONE | EXISTING BUILDING 5,400 SF INCUDES RETAIL & APARTMENTS
  • OPPORTUNITY TO OWN/DEVELOP AN ENTIRE CORNER | EXCELLENT FRONTAGE AND VISIBILITY ON JUNCTION STREET
  • LESS THAN ONE MILE TO I-75 HIGHWAY | 113,073 VPD | LESS THAN ONE MILE TO MICHIGAN AVENUE (16,501 VPD)
  • COMMERCIAL (PROPERTY) AND RESIDENTAL (LAND) ZONING | 12 COMBINED LOTS FOR TOTAL OF 1.16 ACRES
  • SOUTHWEST DETROIT | SHORT WALK TO MEXICANTOWN | INCLUDES EXISTING $22K+ NET INCOME (APARTMENTS)
  • STRONG DEMOGRAPHCIS | 261,000+ PEOPLE IN 5-MILE RADIUS | OVER 100,000 HOUSEHOLDS IN 5-MILE RADIUS

Property Facts

Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,162 SF
Building Class
C
Year Built
1905
Percent Leased
52%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.38
Lot Size
0.09 AC
Zoning
B4 - B2 Commercial (Property) B4 Residential (Vacant Land Parcels)
Parking
16 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
67’ on Junction St

Amenities

  • Signalized Intersection

Property Taxes

Property Taxes

Parcel Number
16-013275
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$112,300
  • Listing ID: 24670836

  • Date on Market: 12/15/2021

  • Last Updated:

  • Address: 2305 Junction St, Detroit, MI 48209

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