1501 Lafayette BlvdDetroit, MI 48216

  • Industrial properties
  • 13,540 SF
For Lease

Property Details for 1501 Lafayette Blvd

Year built
1949
Lot size
0.29 AC
Property size (Sq ft)
13,540 SF
Zone code
M3
Property type
Industrial properties
Property subtype
Other warehouses
APN
08000057.
APU
8000057

Description

This exceptional 5,000-square-foot flex space, located at 1501 W Lafayette Blvd in Detroit, Michigan, presents a unique opportunity for businesses seeking versatile commercial real estate. The property, situated near the intersection of W Lafayette Blvd and Trumbull, boasts a convenient location within the 48216 zip code. Built in 1949, this two-story building offers a blend of retail and industrial functionality, perfectly suited for a variety of uses. The entire 5,000 square feet is currently vacant and available for lease, offering maximum flexibility for tenants. The space is divisible, with a minimum leasable area of 1,755 square feet, allowing for customization to meet specific business needs. The property's zoning designation as Retail/Flex/Light Industrial further enhances its adaptability. The single building comprises the entire property, identified by APN W08/I000057S. This prime location offers excellent accessibility and visibility, making it an ideal choice for businesses seeking a strategic presence in the Detroit market. The property's versatile nature and ample square footage make it a highly attractive option for a wide range of commercial enterprises. Contact us today to learn more about this exceptional opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,788,106
    Hospitality
    $2,553,890
    Educational
    $2,124,806
    Medical
    $2,197,882
    Retail
    $3,305,254
1501 Lafayette Blvd, Detroit, Michigan

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3251
Longitude
-83.0624
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,282
-
-
$365,200
-
-
-
$730,400

FAQs

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