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2305 Junction St
Detroit, MI 48209
Retail Property For Sale

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EXECUTIVE SUMMARY

Introducing 2305-2321 Junction Street — a rare multi-parcel commercial property in the heart of Detroit’s bustling Southwest neighborhood. Situated on three contiguous parcels (each approx. 31 × 114 ft, combined 0.09 acres), this impressive two-story block structure offers over 5,300 sq ft of functional space with versatile B4 General Business Zoning, allowing for a wide variety of uses including retail, medical, service, office, and multi-unit residential conversions. The property currently features five total units, 3 apartments and 2 retail, three of which are leased, potentially producing an annual gross income of $72,000 and a net operating income of $54,000. Each of the three 1-bedroom apartments is approximately 750 sq ft, complemented by flexible commercial suites ideal for storefronts or professional offices. On-site and street parking, alley access. Included are 3 additional parcels adjacent for parking or expansion. Located just steps from Vernor Highway’s retail corridor, the property is surrounded by thriving local businesses, restaurants, and cultural attractions such as Taqueria Mi Pueblo, Armando’s, and Clark Park. The area benefits from excellent access to I-75, Michigan Avenue, and the Ambassador Bridge, providing steady traffic flow and connectivity to Downtown Detroit and Dearborn. Whether you’re an investor seeking immediate cash flow or an owner-operator looking to establish a flagship location, this Junction Street gem offers the flexibility, location, and zoning to support long-term appreciation.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,162 SF
Building Class
C
Year Built
1905
Price
$837,412 CAD
Price Per SF
$162.23 CAD
Cap Rate
9%
NOI
$75,367 CAD
Percent Leased
52%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.38
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
B4 - B2 Commercial (Property) B4 Residential (Vacant Land Parcels)
Parking
16 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
67’ on Junction St

AMENITIES

  • Signalized Intersection

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-013275
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$156,762 CAD
  • Listing ID: 38265556

  • Date on Market: 2025-10-30

  • Last Updated:

  • Address: 2305 Junction St, Detroit, MI 48209

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