2305-2321 Junction Street
Detroit, MI, 48209 $ 599,000
Bedrooms-- Baths-- Sq 5,300 Monthly Estimate*
$ 3,737
for $599,000. This 5,300 square foot building was built in 1905 on a lot size of 0.09.
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.
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FeaturesGeneralSewer PublicSewer
Heating Baseboard ForcedAir NaturalGas Radiant
Cooling CentralAir
Possession AtClose
Roof BuiltUp Rubber
Garage Spaces 0.0
Construction Materials Block
Year Built 1905
Levels Two
Property Subtype RealEstateOnly
Current Use Commercial ConvenienceStore MedicalDental MixedUse Office Restaurant Retail Service Vacant
Business Type Apartments Commercial Medical Mixed ProfessionalOffice Retail Service
County Wayne
Net Operating Income 54000.0
Operating Expense 18000.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name BRUSHS SUB PT OF PC 260 N OF TOLEDO AVE
Garage Y/N N
Building Features OutsideLighting ProgrammableThermostat Sidewalks
Status Active
Directions Junction and Toledo
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial Multiple Office
Number Of Units Total 5
MLS Area Area05101DetSouthOfGrandRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 3
Land Lease Y/N N
Tax Annual Amount 4095.0
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 18680
Expected Active Date 2025-10-27
Legal Description W JUNCTION 31 BRUSHS SUB L14 P83 PLATS WCR 16/59 33 X 114
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ExteriorFencing FencingAllowed
Parking Features AlleyAccess Lighted ParkingLot OnSite OnStreet
Water Source Public
Foundation Details Basement Block
Spa N
Building Area Total 5300.0
Lot Dimensions 126X114
Lot Size Acres 0.09
Waterfront Y/N N
Road Frontage Type ClassA ClassB Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 5300.0
Above Grade Finished Area Unit Type SquareFeet
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $3,737
- Monthly Property Taxes
- $341
- 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.
Learn more about how to save NearbyCommerical listings in Detroit, MI
Average List Price $496,505
Percent of Sale Price 17%
About Detroit, MI 633,657 Population
-33% Since 2002
$ 26,977 Median Income
36.23 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/27/2025 | $599,000 | | Listed Price |