20524 & 20538 W Warren Ave - Freestanding FOR SALE


Detroit, MI 48228- Warrendale
$500,000 USD
313-460-8423
20524 & 20538 W Warren Ave, Detroit, MI for Sale
$500,000 USD
Freestanding - FOR SALE
1/8
null | Request Cap Rate

20524 & 20538 W Warren Ave
Detroit, MI 48228
Warrendale


HIGHLIGHTS

  • Wide Range of Uses
  • 103’ Road Frontage

OVERVIEW

A single-story retail building and an adjacent vacant lot located at 20524 and 20538 W Warren Ave, Detroit, MI 48228. The retail structure, built in 1959 and comprising approximately 3,923 square feet, sits on a 0.10-acre parcel and is currently configured for single tenancy. The property is zoned B4, supporting a wide range of commercial uses, and includes 3 onsite surface parking spaces with approximately 40 feet of frontage on W Warren Ave. The neighboring parcel at 20538 W Warren Ave is a 0.14-acre (6,098 SF) vacant lot previously improved with a residential structure but now cleared, offering a development opportunity. Combined, both parcels total approximately 0.24 acres with 103 feet of street frontage. The site is located in the Detroit West of Woodward submarket, near public transit lines and a high-traffic retail corridor with visibility to over 12,000 vehicles per day on W Warren Ave.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,295 SF

ZONING

B4

APN/PARCEL ID

22-000515,22-0005167

ASK ABOUT THIS PROPERTY

Mohammed Al-ThihabawyLee & AssociatesMore Info
313-460-8423

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Mohammed Al-ThihabawyLee & AssociatesMore Info
313-460-8423

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.