9137 Linwood StDetroit, MI 48206

Property Details for 9137 Linwood St

Year built

1936

Lot size

0.07 AC

Property size (Sq ft)

5,671 SF

Zone code

B4

Property type

Retail space

APN

10007671.

APU

10007671

Description

This exceptional 5,671 square foot retail property, located at 9137 Linwood Street in Detroit, Michigan, presents a unique investment opportunity. Built in 1936, this former Detroit Savings Bank branch boasts a rich history and many original features in excellent condition. Situated on a 0.23-acre lot (APN: W10I007671S), the building offers significant potential for a variety of commercial uses, thanks to its B4 zoning. The asking price is $399,999, translating to $79 per square foot. The property is being sold "as is." A notable advantage for potential buyers is the availability of seller financing with a 20% down payment. This prime location in Detroit's Wayne County (zip code 48206) offers high visibility and accessibility. The building's substantial size and historical character make it an ideal candidate for adaptive reuse, potentially as a restaurant or bar, among other possibilities. This is a rare chance to acquire a piece of Detroit's history and capitalize on its redevelopment potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,733,843

  6.5%

  $1,600,471

  7%

  $1,486,151

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,336,773

  Geo Method

  $1,336,773

• Alternative Use

  Use

  Valuation

  Residential

  $1,350,057

  Hospitality

  $1,236,645

  Educational

  $1,028,874

  Medical

  $1,064,259

  Retail

  $1,600,471

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3732

Longitude

-83.109

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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