2305-2321 Junction ST Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48209
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 5,300 sqft
Price per Sqft $113
Subdivision Brushs Sub Pt Of Pc 260 N Of Toledo Ave
MLS Listing ID 20251045064
Year Built 1905
Lot Size 3,920 Sqft
Property Sub-Type RealEstateOnly
Property Description
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.
Location
State MI
County Wayne
Area Area05101Detsouthofgrandriver
Interior
Heating Baseboard, ForcedAir, NaturalGas, Radiant
Cooling CentralAir
Exterior
Parking Features AlleyAccess,Lighted,ParkingLot,OnSite,OnStreet
Fence FencingAllowed
View Y/N No
Roof Type BuiltUp, Rubber
Building
Foundation Basement, Block
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Detroit
School District Detroit
Others
Acceptable Financing Cash, Contract, Conventional, WarrantyDeed
Listing Terms Cash, Contract, Conventional, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard