17600 Warren AveDetroit, MI 48228

Property Details for 17600 Warren Ave

Year built

1974

Lot size

0.11 AC

Property size (Sq ft)

2,285 SF

Zone code

B4

Property type

Office buildings

APN

22000762-3

APU

220007623

Description

This exceptional 2,285-square-foot free-standing commercial building presents a unique investment opportunity in Detroit, Michigan. Situated on a highly visible 0.11-acre corner lot at 17600 W Warren Ave, this property benefits from excellent access to major freeways and is conveniently located near the intersection of Warren Avenue and Longcare Street, just west of Greenfield. Previously utilized as a medical office, the building is ideally suited for a variety of healthcare uses, including urgent care, primary care, or specialized medical practices. The interior features multiple exam rooms, a dedicated x-ray room, a spacious reception area, a large lobby, and ample private parking. Recent updates enhance the property's appeal. The building's commercial zoning (APN: W22I000762C3) ensures flexibility for various business ventures. Alleyway access provides convenient loading and unloading. The asking price is $2,300, and the lease term is for 3 years. This turnkey property offers immediate occupancy and significant potential for growth. Its prime location and versatile layout make it an attractive investment for discerning buyers seeking a well-maintained, ready-to-occupy commercial space in a thriving Detroit neighborhood. The property's size and features make it an ideal location for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $475,247

  6.5%

  $438,689

  7%

  $407,354

• Comparable approach

  Method

  Valuation

  Relative Method

  $213,739

  Geo Method

  $213,739

• Alternative Use

  Use

  Valuation

  Residential

  $543,975

  Hospitality

  $498,278

  Educational

  $414,561

  Medical

  $428,819

  Retail

  $644,873

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3437

Longitude

-83.2139

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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