12305 Dexter AveDetroit, MI 48206

Property Details for 12305 Dexter Ave

Year built

1967

Lot size

0.51 AC

Property size (Sq ft)

27,720 SF

Zone code

B4

Property type

Specialty properties

Property subtype

Schools

APN

14006214-21

APU

1400621421

Description

This exceptional mixed-use property, located at 12305 Dexter Ave, Detroit, MI 48206, presents a compelling redevelopment opportunity in the burgeoning Russell Woods-Sullivan district. The 0.51-acre lot encompasses two three-story buildings totaling 27,720 square feet, offering significant versatility. Originally constructed in 1967 and previously used as a rehabilitation facility, the property boasts existing infrastructure including a fully functional commercial kitchen, walk-in freezers, updated HVAC units, water heaters, and a comprehensive fire suppression system. The buildings have been completely retrofitted. A notable feature is the inclusion of a basketball gym. The property is zoned for commercial use (B4 General Business District) and is situated within a Strategic Neighborhood Fund area and the Russell Woods Development Planning zone, suggesting strong potential for future growth and development. The asking price is $650,000, translating to $23.45 per square foot. This property is ideal for a variety of business ventures or a mixed-use residential/commercial development. The property's size and location make it a prime candidate for significant return on investment.

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3838

Longitude

-83.1273

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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