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16115-16123 E Warren Ave
Detroit, MI 48224
Retail Property For Sale

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EXECUTIVE SUMMARY

The City seeks a mixed-use redevelopment for the site at 16119 E Warren. Commercial space should prioritize retail over office space to contribute to and increase foot traffic along the corridor. The site is currently zoned B4, which allows for a wide variety of uses by-right. These include restaurants, coffee shops, small-format grocery, pharmacy, dry cleaning, and other retail business types. Residential units can be redeveloped either at or below market rate and are also by-right given the previous use.
The location of the site on a High Frequency Transit Corridor will allow for parking reductions, contingent on proposed use(s). Respondents will be responsible for conducting their own due diligence on what additional zoning and permitting approvals, if any, may be required. The City of Detroit will work with the selected development team to identify eligible abatements, incentives and other financial support, as needed. This may include gap financing through the Strategic Neighborhood Fund.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,280 SF
Building Class
C
Year Built
1930
Price
$175,616 CAD
Price Per SF
$41.03 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.07
Lot Size
0.09 AC
Zoning
B4
Frontage
46’ on Warren Ave

AMENITIES

  • Bus Line
  • Listing ID: 34143816

  • Date on Market: 2024-12-10

  • Last Updated:

  • Address: 16115-16123 E Warren Ave, Detroit, MI 48224

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