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4536 Michigan Ave 2,024 SF Retail Building Detroit, MI 48210 $241,174 CAD ($119.16 CAD/SF)
Investment Highlights
- Located steps from Corktown and close to Downtown Detroit, Michigan Central Station, and the Detroit River.
- Includes an adjacent 20x100 vacant lot, providing expansion or parking opportunities.
- Surrounded by ongoing redevelopment and revitalization projects in Southwest Detroit.
- Recently renovated interior, offering a ready-to-use retail environment.
- Positioned on Michigan Avenue, a major thoroughfare with high traffic and strong visibility.
- Flexible land contract terms available with 30% down.
Executive Summary
This two-story retail property at 4536 Michigan Avenue offers a unique investment opportunity in the heart of Southwest Detroit. Positioned just steps from Corktown and minutes from Downtown Detroit, the property benefits from proximity to the Michigan Central Train Station, the Detroit River, and major redevelopment projects driving growth in the area. The building, formerly a pawn shop, has been recently updated throughout, providing a move-in-ready space suitable for a wide range of retail or service businesses.
Included in the sale is an additional 20x100 vacant lot located immediately adjacent to the building, expanding the total lot size to approximately 40x100. This extra land offers potential for parking, outdoor use, or future development. The property sits along Michigan Avenue, a high-traffic corridor with strong visibility and accessibility, ensuring consistent exposure to both local and commuter traffic.
With flexible land contract terms available and a location in one of Detroit’s most active commercial corridors, this property presents an attractive option for investors or owner-users seeking a foothold in a rapidly revitalizing district. No commission being paid by seller to buyer's agent.
Included in the sale is an additional 20x100 vacant lot located immediately adjacent to the building, expanding the total lot size to approximately 40x100. This extra land offers potential for parking, outdoor use, or future development. The property sits along Michigan Avenue, a high-traffic corridor with strong visibility and accessibility, ensuring consistent exposure to both local and commuter traffic.
With flexible land contract terms available and a location in one of Detroit’s most active commercial corridors, this property presents an attractive option for investors or owner-users seeking a foothold in a rapidly revitalizing district. No commission being paid by seller to buyer's agent.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
2,024 SF
Building Class
C
Year Built/Renovated
1890/2023
Price
$241,174 CAD
Price Per SF
$119.16 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.01
Lot Size
0.05 AC
Zoning
B4 - Commercial Zoned District
Frontage
32’ on Michigan Ave
Amenities
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14-000693 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $52,320 CAD |
Property Taxes
Parcel Number
14-000693
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$52,320 CAD
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4536 Michigan Ave
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