15120 Harper AveDetroit, MI 48224

Property Details for 15120 Harper Ave

Year built

1952

Lot size

0.05 AC

Property size (Sq ft)

2,800 SF

Zone code

B4

Property type

Retail space

APN

21003925.

APU

21003925

Description

This exceptional 3,960 square foot warehouse, located at 15120 Harper Ave in Detroit, Michigan, presents a compelling investment opportunity. Built in 1952, this property sits on a 0.05-acre lot and boasts a substantial 20-foot ceiling height, offering ample storage and operational space. The property is classified as both industrial and retail, providing versatility for a range of potential uses. The asking price is $250,000. The address is conveniently located in Wayne County, Michigan, with the zip code 48224. Prospective buyers should be aware that showings are subject to specific guidelines, including pre-approval requirements, social distancing protocols, and mandatory personal protective equipment (PPE) such as masks, gloves, and shoe coverings. A maximum of four individuals are permitted inside the building at any given time. All visitors must adhere to CDC and state guidelines regarding social distancing. Audio and video recording is in effect during showings, inspections, and appraisals. Prior to scheduling a showing, adequate pre-approval for purchase is required. No individuals other than the prospective purchaser are permitted to attend showings. Maintain a six-foot distance from others during the showing and refrain from touching surfaces.

• CAP approach

  CAP return

  Valuation

  6%

  $797,685

  6.5%

  $736,325

  7%

  $683,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $660,018

  Geo Method

  $660,018

• Alternative Use

  Use

  Valuation

  Residential

  $621,117

  Hospitality

  $568,940

  Educational

  $473,352

  Medical

  $489,631

  Retail

  $736,325

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.4064

Longitude

-82.9577

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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