8116 Kercheval Street Detroit, MI $ 1,190,000
8116 Kercheval Street
$ 1,190,000
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8116 Kercheval Street

Detroit, MI, 48214
$ 1,190,000
Bedrooms-- Baths-- Sq 5,215

Monthly Estimate*

$ 7,424

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Commercial Property for sale in Detroit, MI

for $1,190,000. This 5,215 square foot building was built in 1916 on a lot size of 0.21.

Located on Kercheval Avenue between Parker and Seminole Streets in Detroit’s charming West Village, 8116 Kercheval consists of three historic mixed-use buildings. The buildings were fully renovated in 2016 and include both retail and residential units. The ground floor is fully leased to Two Birds, a bar and ice cream shop, currently expanding into an adjacent retail space, and Velvet Tower, a vintage clothing store. The second floor includes three residential units (ranging from 720 to 1,106 square feet), which are currently operated as short-term rentals generating income above standard residential leases. The property features a wrap-around terrace/community space that connects the buildings and provides additional usable outdoor area. Positioned a block from neighborhood landmarks Sister Pie and Marrow, this offering presents a unique opportunity in one of the most vibrant, commercially established sections of desirable West Village.

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Commercial Active

Price

$ 1,190,000

Property Type

Commercial

Taxes

$ 4,219

Style

RealEstateOnly

Lot Size

0.21

Year Built

1916

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20240089730

Features
General
Sewer PublicSewer
Heating NaturalGas
Possession SubjectToTenantRights
Security Features TwentyFourHourSecurity BuildingSecurity FireAlarm SecuritySystem SmokeDetectors
Construction Materials WoodSiding
Year Built 1916
Property Subtype RealEstateOnly
Current Use MixedUse
County Wayne
Net Operating Income 181912.0
Operating Expense 73775.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name KERCHEVAL AVE PLAT OF SUB OF VAN DYKE FARM
Garage Y/N N
Status Active
Directions On Kercheval between Parker and Seminole
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial MultiFamily Residential
MLS Area Area05053DetWoodwardMcclellanSoMack
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 4219.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 46046
TaxOtherAnnualAssessmentAmount 240.0
Expected Active Date 2024-12-02
Legal Description S KERCHEVAL E 100.39 FT OF N 91.72 FT O.L. 65 LYG S AND ADJ KERCHEVAL AVE PLAT OF SUB OF VAN DYKE FARM L1 P156 PLATS W C R 17/ 100.39 X 91.72SPLIT/COMBINED ON 05/25/2017 FROM 17000106. 17000104. 1
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Exterior
Water Source Public
Lot Size Area 0.21
Spa N
Building Area Total 5215.0
Lot Dimensions 100.39 x 91.72
Lot Size Acres 0.21
Waterfront Y/N N
Road Frontage Type ClassA Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 5215.0
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Internal Only
Street Number 1 8116
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* Excluded Features
List By
Vincent Mazzola

Listing Agent

O'connor Realty Detroit, Llc

Broker

(313) 963-9891

Phone

Affordability Calculator

$7,776
Per Month
95%
5%
0%
Monthly Principal & Interest
$7,424
Monthly Property Taxes
$352
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/2/2025$1,190,000 -2.86% Price Down
3/13/2025$1,225,000 -5.70% Price Down
12/2/2024$1,299,000 Listed Price

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8116 Kercheval Street, Detroit, MI, 48214 is a Commercial Property for sale at $1,190,000 with 5,215 sqft and a lot size of 0.21. 8116 Kercheval Street was built in 1916. The property's zip code is 48214 which is in Detroit, MI