Sold
7321 Puritan Street, Detroit, MI 48238
Sold on 05/18/2026 for$41,100
MLS # 20261022355 (Realcomp)
Built 19480.14 acres
1 / 4
Listing Description
This commercial property presents a prime value-add investment opportunity in Detroit. Offering approximately 3,600+ square feet, the building has been taken down to the studs, eliminating demolition costs and providing a true blank canvas for redevelopment. The solid brick structure and on-site parking enhance its long-term usability and appeal.Located in a dense residential corridor with strong connectivity to major roadways, the property is well-positioned for a variety of commercial uses including retail, office, or service-based businesses. With a purchase price well below market averages, investors have the opportunity to reposition, lease, or redevelop for significant upside potential.Ideal for investors, developers, or owner-users seeking a low-cost entry point with multiple exit strategies. Contact us today for additional details, to discuss investment scenarios, or to schedule a private showing before it’s gone.
Source: SparkMLS
About this home
This home sold for $41,100.
Estimated annual property tax: $6,994, or about $583 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size0.14 acres
Year Built1948
Location
CityDetroit
Zip Code48238
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionAluminum Siding
WaterPublic
Sale & Financing
Listed4/13/2026
Sold Date5/17/2026
Source: SparkMLS
Tax Information
Annual Tax$931
Tax Year2025
State Equalized Value$85,100
Assessed Value$85,100
Parcel #16007474-6
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Justin S Ford
EXP Realty Plymouth
Frequently Asked Questions about 7321 Puritan Street, Detroit, MI 48238
What school district is 7321 Puritan Street, Detroit, MI 48238 in?
Per MLS# 20261022355, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
How much are property taxes for this home?
Per MLS# 20261022355, the most recent reported annual property tax for 7321 Puritan Street, Detroit, MI 48238 is $2,883. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 7321 Puritan Street, Detroit, MI 48238 eligible for USDA financing?
Per USDA Rural Development boundary data, 7321 Puritan Street, Detroit, MI 48238 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 7321 Puritan Street, Detroit, MI 48238 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Tax Estimate
$
Annual tax$6,994
Monthly$583
Millage rate82.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$971
Principal & interest$389
Property taxes$583
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
7321 Puritan Street, Detroit, MI 48238
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Neighborhood
Harmony Village
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Community
Detroit
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County
Wayne County
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