736 State FairDetroit, MI 48203

Property Details for 736 State Fair

Year built

1925

Lot size

0.11 AC

Property size (Sq ft)

4,737 SF

Zone code

B4

Property type

Retail space

APN

09007959.

APU

9007959

Description

This exceptional commercial property, located at 736 E State Fair in Detroit, Michigan, presents a unique investment opportunity. Situated on a corner lot at the intersection of E. State Fair and Omira St., this 4,737 square foot free-standing building boasts a prime location with convenient access to I-75. Currently operating as a bakery for over 40 years, the property includes all existing bakery equipment as part of the sale. The building features a service area or potential showroom at the front entrance, a spacious rear workspace with high ceilings ideal for warehouse use, and an overhead garage door for easy loading and unloading. A second-floor office space provides additional versatility. All windows are equipped with security shutters for enhanced protection. The asking price is $239,900. The property's long-standing history as a successful bakery, combined with its versatile layout and strategic location, makes it an attractive prospect for a variety of commercial uses. All square footage and other data are approximate. This is a rare opportunity to acquire a well-established commercial property in a thriving Detroit location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,448,284

  6.5%

  $1,336,877

  7%

  $1,241,386

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,116,609

  Geo Method

  $1,116,609

• Alternative Use

  Use

  Valuation

  Residential

  $1,127,706

  Hospitality

  $1,032,972

  Educational

  $859,421

  Medical

  $888,978

  Retail

  $1,336,877

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.4395

Longitude

-83.0964

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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