12305 Dexter AveDetroit, MI 48206

For Sale
$650,000

27,720 SF, $650,000, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property, located at 12305 Dexter Ave, Detroit, MI 48206, presents a compelling redevelopment opportunity in the burgeoning Russell Woods-Sullivan district. The 0.51-acre lot encompasses two three-story buildings totaling 27,720 square feet, offering significant versatility. Originally constructed in 1967 and previously used as a rehabilitation facility, the property boasts existing infrastructure including a fully functional commercial kitchen, walk-in freezers, updated HVAC units, water heaters, and a comprehensive fire suppression system. The buildings have been completely retrofitted. A notable feature is the inclusion of a basketball gym. The property is zoned for commercial use (B4 General Business District) and is situated within a Strategic Neighborhood Fund area and the Russell Woods Development Planning zone, suggesting strong potential for future growth and development. The asking price is $650,000, translating to $23.45 per square foot. This property is ideal for a variety of business ventures or a mixed-use residential/commercial development. The property's size and location make it a prime candidate for significant return on investment.

Highlights

  • Mixed-use property at 12305 Dexter Ave, Detroit, MI 48206, offering 27,720 square feet on a 0.51-acre lot.
  • Two three-story buildings, originally built in 1967, completely retrofitted.
  • Features a commercial kitchen, walk-in freezers, updated HVAC, and fire suppression system; includes a basketball gym.
  • Zoned B4 (General Business District), located in a Strategic Neighborhood Fund area and Russell Woods Development Planning zone.
  • Asking price: $650,000 ($23.45/SF).

Property Details for 12305 Dexter Ave

Property type
Day care centers & nurseries, Lifestyle centers
Square Feet
27,720 SF
Year Built
1967
Buildings
2
Stories
3
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3836739
Longitude
-83.1271156
12305 Dexter Ave, Detroit, Michigan

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12305 Dexter Ave
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