13018 Fenkell AveDetroit, MI 48227

For Sale
$450,000

12,698 SF Vacant Retail Space, Detroit

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 12,698-square-foot vacant storefront, located at 13018 Fenkell Avenue in Detroit, Michigan, presents a remarkable investment opportunity. The property, built in 1945 and extensively renovated in 2016, boasts a prime location with excellent street visibility and high traffic volume. Fenkell Avenue sees over 11,000 vehicles daily, while the nearby Michigan 10 (John C Lodge Freeway) off-ramp experiences over 110,000 vehicles per day. This single-story building sits on a 0.55-acre lot and offers ample parking with 30 spaces. The property is zoned B2 and features a modified gross rent of $7.00/SF. Previously occupied by a Dollar Tree, this retail space is surrounded by a variety of national retailers including KFC, Little Caesars, Subway, White Castle, BP, Marathon, Valero, Boost Mobile, Dollar General, and Family Dollar, indicating a strong retail presence in the area. The high population density, with 400,000 people within a 5-mile radius, further underscores the potential for success. The asking price is $450,000. This is a rare opportunity to acquire a fully renovated, high-traffic retail space in a thriving Detroit location. The property's size, location, and existing infrastructure make it ideal for a variety of retail uses. The seller is highly motivated. The Wayne County APN is 22011530-8.

Highlights

  • Former Dollar Tree, ±12,500 SF retail space.
  • Completely renovated in 2016.
  • Strong retail location near KFC, Little Caesars, and other national brands.
  • Ample parking: 30 spaces.
  • High-density area: 400,000 population within 5 miles.
  • Highly motivated seller.

Property Details for 13018 Fenkell Ave

Property type
Other retail properties, Individual retail properties
Square Feet
12,698 SF
Year Built/Renovated
1945/2016
Stories
1
Lot Size (sq. ft)
23,958 SF
Units
1

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4024653
Longitude
-83.1728687
13018 Fenkell Ave, Detroit, Michigan

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13018 Fenkell Ave
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