15125 Harper AveDetroit, MI 48224

Property Details for 15125 Harper Ave

Year built

1941

Lot size

0.10 AC

Property size (Sq ft)

2,372 SF

Zone code

B4

Property type

Retail space

APN

21004433-4

APU

210044334

Description

This exceptional 2,400 square foot industrial property, located at 15125 Harper Avenue in Grosse Pointe, Michigan, presents a compelling investment opportunity. Situated on a 0.1-acre lot in Wayne County, this building offers ample space for various industrial uses. The asking price is $475,000. The property's address is conveniently located within the 48224 zip code, offering easy access to major transportation routes and essential amenities. This industrial space is ideal for businesses seeking a well-located and functional facility. Prospective buyers should note that showings and inspections are scheduled online, and pre-approval for purchase is required in advance. Audio and video recording is in effect on the property. The property is classified as an industrial building and offers a substantial footprint for a variety of potential uses. Its strategic location in Grosse Pointe, Michigan, provides access to a skilled workforce and a thriving business community. The property's size and location make it an attractive option for businesses seeking to establish or expand their operations in the Detroit metropolitan area. Further details regarding the property's specifications and potential uses are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $675,788

  6.5%

  $623,804

  7%

  $579,246

• Comparable approach

  Method

  Valuation

  Relative Method

  $559,130

  Geo Method

  $559,130

• Alternative Use

  Use

  Valuation

  Residential

  $526,202

  Hospitality

  $481,998

  Educational

  $401,017

  Medical

  $414,808

  Retail

  $623,804

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.4069

Longitude

-82.9579

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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