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Investment Highlights
- Value-add redevelopment project
- Zoned B4 General Business
- Fenced lot behind building
- Former shoe shop and office
- Electricity in working order
- Motivated seller
Executive Summary
Introducing a prime investment opportunity at 19014 Hayes St in Detroit, MI. This 800 SF building, constructed in 1947, offers a value-add redevelopment project in a sought-after redeveloped 7 Mile corridor. Zoned B4 General Business, this versatile property has previously served as a shoe shop and office, providing a
flexible canvas for retail or street retail ventures. The building features 12' ceilings, functional electricity (gas and water are currently turned off), and a 20'W x 40' D fenced lot behind the property. This property holds immense potential for savvy investors seeking a promising project in the heart of Detroit. The building next door is also for sale by the same seller.
Nestled on the east side of Hayes Street, just south of 7 Mile and in close proximity to I-94, the location provides convenient access for patrons. Situated west of the Eastland Mall Redevelopment and northeast of the Coleman A. Young International Airport, the area exudes potential for retail and street retail investment. This strategic positioning offers visibility and accessibility in a dynamic market, increasing the appeal for businesses seeking to establish a presence in this thriving Detroit neighborhood.
flexible canvas for retail or street retail ventures. The building features 12' ceilings, functional electricity (gas and water are currently turned off), and a 20'W x 40' D fenced lot behind the property. This property holds immense potential for savvy investors seeking a promising project in the heart of Detroit. The building next door is also for sale by the same seller.
Nestled on the east side of Hayes Street, just south of 7 Mile and in close proximity to I-94, the location provides convenient access for patrons. Situated west of the Eastland Mall Redevelopment and northeast of the Coleman A. Young International Airport, the area exudes potential for retail and street retail investment. This strategic positioning offers visibility and accessibility in a dynamic market, increasing the appeal for businesses seeking to establish a presence in this thriving Detroit neighborhood.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
800 SF
Building Class
C
Year Built
1947
Price
$33,969 CAD
Price Per SF
$42.46 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.40
Lot Size
0.05 AC
Zoning
B4 - General Business District
Frontage
24’ on Hayes Street
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-056588 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $26,238 CAD |
Property Taxes
Parcel Number
21-056588
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$26,238 CAD
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19014 Hayes St
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