9200 Dexter AveDetroit, MI 48206
- Retail properties
- 6,870 SF
Property Details for 9200 Dexter Ave
- Year built
- 1974
- Lot size
- 0.45 AC
- Property size (Sq ft)
- 6,870 SF
- Zone code
- B4
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 12010456-9
- APU
- 120104569
Description
This exceptional Detroit retail property, located at 9200 Dexter Ave (cross street: Joy Road), offers 6,902 square feet of adaptable space. Currently divided into three available units ranging from 947 to 2,015 square feet, this property presents a unique opportunity for multiple tenants or a single large-scale operation. The flexible layout allows for customization to suit diverse business needs, from small boutiques to larger-scale retail ventures. The property's prime location in Detroit, Michigan, zip code 48206, ensures high visibility and accessibility for customers. This is an ideal space for businesses seeking a versatile and well-situated location to establish or expand their operations. The property's size and layout provide ample room for creative design and efficient operations. The address is easily accessible and benefits from its proximity to Joy Road. This is a rare opportunity to secure a significant retail presence in a thriving Detroit neighborhood. The potential for rapid expansion and growth is significant, making this a highly attractive investment for businesses seeking a strong foothold in the market. Serious inquiries are encouraged to explore the possibilities this property offers.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,100,424
- 6.5%
- $1,938,853
- 7%
- $1,800,363
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,619,402
- Geo Method
- $1,619,402
-
Alternative Use
- Use
- Valuation
- Residential
- $1,635,495
- Hospitality
- $1,498,104
- Educational
- $1,246,405
- Medical
- $1,289,271
- Retail
- $1,938,853
Location Insight
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Latitude
- 42.3706
- Longitude
- -83.1175
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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