17170 Harper AveDetroit, MI 48224
- Drug stores
- 12,600 SF
Property Details for 17170 Harper Ave
- Year built
- 1993
- Lot size
- 0.48 AC
- Property size (Sq ft)
- 12,600 SF
- Zone code
- B4
- Property type
- Drug stores
- APN
- 21003773-82
- APU
- 2100377382
Description
This exceptional freestanding retail property, formerly a Rite Aid, offers 12,600 square feet of versatile space situated on a 0.64-acre lot. Built in 1993, the single-story building boasts excellent visibility and accessibility due to its prime corner location at the intersection of Harper and Cadieux Roads, north of Cadieux. The property is zoned B4, General Business, allowing for a wide range of commercial uses. Ample parking is available with 50 spaces provided for customers and employees. The high-traffic location is situated within a densely populated area, exceeding 22,000 residents within a one-square-mile radius, ensuring significant potential for any business. The building is in updated condition and offers considerable flexibility for customization to meet the specific needs of a new tenant. This presents a unique opportunity to establish a thriving business in a highly desirable commercial district. The property's size, location, and zoning make it an ideal investment for entrepreneurs seeking a prominent retail presence. The existing infrastructure and ample parking further enhance its appeal. This is a rare opportunity to acquire a well-maintained, strategically located retail space with significant growth potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,841,390
- 6.5%
- $2,622,820
- 7%
- $2,435,480
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,225,750
- Geo Method
- $1,225,750
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $5,272,080
- Mixed-Use / Specialty
- $2,549,900
- Hospitality / Lodging
- $1,788,010
- Office
- $2,468,540
- Institutional / Educational
- $2,628,150
- Residential Income
- $3,074,930
- Multifamily
- $4,040,340
- Automotive / Energy
- $2,252,700
- Parking / Income-Based Land
- $840,187
- Restaurant / Food Service
- $1,190,550
- Healthcare / Senior Housing
- $2,680,070
Location Insight
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Latitude
- 42.4168
- Longitude
- -82.9351
- 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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