1149 Stratford Avenue presents a fantastic retail opportunity in a vibrant East Side location. This 800-square-foot space is situated within a larger, three-story mixed-use building totaling 18,750 square feet. Built in 1922 and renovated in 2000, the building offers a blend of historic charm and modern updates. The property benefits from a highly desirable MX 1 Mixed Use Corridor zoning designation, allowing for a variety of commercial uses. The space is immediately available and features a minimum divisible space of 800 square feet, making it ideal for a variety of businesses. Its convenient location offers excellent accessibility, with easy access to Interstate 95 and proximity to public transportation via a nearby bus route. The building's multi-tenant structure provides a dynamic and thriving commercial environment. This Stratford Avenue storefront offers a unique chance to establish a presence in a bustling East Side submarket, specifically within the Stratford Avenue cluster. The building's substantial size and mixed-use nature contribute to a high level of foot traffic and visibility, creating an ideal setting for a successful retail venture. Don't miss this chance to secure a prime retail space in a sought-after location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$225,249
6.5%
$207,922
7%
$193,071
Comparable approach
Method
Valuation
Relative Method
$108,600
Geo Method
$108,600
Alternative Use
Use
Valuation
Industrial / Distribution
$403,930
Retail / Commercial
$208,195
Mixed-Use / Specialty
$208,289
Hospitality / Lodging
$153,903
Institutional / Educational
$216,835
Residential Income
$253,697
Multifamily
$299,635
Automotive / Energy
$185,859
Parking / Income-Based Land
$63,311.40
Restaurant / Food Service
$110,117
Healthcare / Senior Housing
$212,739
Location Insight
City
Wolverine Lake
County
Oakland
State
Michigan
Latitude
42.5557
Longitude
-83.4744
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Commerce Rd Commerce Charter Township, MI 48390
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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