248-353-0500
1460 E Forest Ave, Detroit, MI for Sale
Specialty - FOR SALE
1/15
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1460 E Forest Ave
Detroit, MI 48207
Forest Park


HIGHLIGHTS

  • The property spans approximately 5.1 acres, divided into three main sections: a new athletic turf field, a 57,712-sf school, and a 9,870 sf daycare.
  • High quality design and construction including over 40 classrooms, gym, cafeteria and logically placed and counseling and administrative offices.
  • Ownership invested a substantial amount of capital to maintain the property and create a move in ready space.
  • Located in a prime location with a distance of 2.5 miles from downtown Detroit. Convenient ample parking fields with curb cuts on E Forest Ave.

OVERVIEW

Positioned just 2.5 miles from downtown Detroit, 1460 East Forest Avenue offers a rare institutional asset with exceptional adaptability for educational, community, or redevelopment purposes. Spanning 5.1 acres, the property features a 57,712-square-foot main building constructed in 1999 and a 9,870-square-foot daycare facility added in 2014. The campus includes a newly installed athletic turf field, ample parking with multiple curb cuts, and thoughtfully designed interiors comprising over 40 classrooms, a full gymnasium, cafeteria, and administrative offices. Ownership has invested significantly in maintaining the property, ensuring a move-in-ready environment with high-quality finishes and logical layouts. The site’s strategic location places it near major Detroit landmarks such as Wayne State University, the Detroit Institute of Arts, and Little Caesars Arena, creating strong synergy for educational or community-focused operations. With zoning under Planned Development (PD), the property offers flexibility for future enhancements or alternative uses. Current tenancy includes Matrix Head Start in the daycare building, generating nearly $98,000 annually under a gross lease structure. Surrounding demographics reflect a growing urban population, with over 232,000 residents within five miles and average household incomes exceeding $58,000 within three miles. This combination of scale, location, and income profile makes the property an attractive acquisition for investors seeking institutional stability or redevelopment upside in Detroit’s revitalizing core.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.65 AC

LAND SF

376,794 SF

ZONING

PD

APN/PARCEL ID

07-00128-194,07-0012968,07-001299,07-001300,07-0013017,07-0025134,07-002515,07-002516,07-002517,07-002518,07-002519,07-00252-464,07-002520,07-002521,07-002522,07-002523

ASK ABOUT THIS PROPERTY

Ron GoldstoneNAI FarbmanMore Info
248-353-0500

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Ron GoldstoneNAI FarbmanMore Info
248-353-0500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.