19100 Lahser RdDetroit, MI 48219

Property Details for 19100 Lahser Rd

Year built

1997

Lot size

0.36 AC

Property size (Sq ft)

1,607 SF

Zone code

B4

Property type

Retail properties

Property subtype

Drive through restaurants

APN

22016833.001

APU

22016833001

Description

This exceptional 1,535-square-foot retail space, formerly a Burger King, presents a prime opportunity for lease in Detroit, Michigan. Located at the highly visible, hard-signaled corner of 7 Mile and Lahser Roads in the Detroit West of Woodward submarket, this single-tenant property offers significant potential for a variety of businesses. The building is a one-story structure situated in Wayne County, with convenient access and ample parking for customers – a total of eight spaces are available. The property's zoning is B-4, allowing for a range of commercial uses. The entire 1,535 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This location benefits from high traffic counts due to its prominent corner location and easy accessibility. The property's address is 19100 Lahser Road, Detroit, MI 48219. This is an excellent opportunity for a business seeking high visibility and a strong location within a busy commercial area. The property is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $404,396

  6.5%

  $373,288

  7%

  $346,625

• Comparable approach

  Method

  Valuation

  Relative Method

  $378,803

  Geo Method

  $378,803

• Alternative Use

  Use

  Valuation

  Residential

  $314,883

  Hospitality

  $288,431

  Educational

  $239,971

  Medical

  $248,224

  Retail

  $373,288

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.4295

Longitude

-83.2579

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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