14108 Houston Whittier StDetroit, MI 48205

Property Details for 14108 Houston Whittier St

Year built

1947

Lot size

0.09 AC

Property size (Sq ft)

1,640 SF

Zone code

B4

Property type

Retail space

APN

21014418.

APU

21014418

Description

This exceptional 1,640 square foot retail property, located at 14108 Houston Whittier St, Detroit, MI 48205, presents a unique investment opportunity. The single-story building, constructed in 1947 and extensively renovated in 2022, sits on a 0.09-acre lot and is zoned B4. Currently configured as a turn-key dispensary, this space offers immediate income potential. The high-density neighborhood ensures a steady flow of potential customers. The asking price is $350,000, translating to $213.41 per square foot. This property is ideal for an investor seeking a profitable, established business or an entrepreneur looking for a ready-to-operate retail space in a thriving Detroit location. The building's recent renovation ensures modern amenities and functionality. The property's location in Wayne County provides easy access to major transportation routes and a diverse customer base. This is a rare chance to acquire a well-maintained, high-performing retail space in a desirable area of Detroit. Don't miss this opportunity to own a piece of Detroit's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $501,411

  6.5%

  $462,841

  7%

  $429,781

• Comparable approach

  Method

  Valuation

  Relative Method

  $386,582

  Geo Method

  $386,582

• Alternative Use

  Use

  Valuation

  Residential

  $390,424

  Hospitality

  $357,626

  Educational

  $297,541

  Medical

  $307,774

  Retail

  $462,841

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.4203

Longitude

-82.9794

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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