248-687-9150
1460 E Forest Ave, Detroit, MI for Sale
Specialty - FOR SALE
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1460 E Forest Ave
Detroit, MI 48207
Forest Park


HIGHLIGHTS

  • The property spans 5.1 acres, divided into three main sections: a new athletic turf field, a 57,712 SF school, and a 9,870 SF auxiliary building.
  • Located 2.5 miles from downtown Detroit with curb cuts on E Forest Avenue and Russell Street in Wayne County’s Opportunity Zone.
  • Ownership invested a substantial amount of capital to maintain the property and create a move-in-ready space for an educational user.
  • High-quality design and construction, including over 40 classrooms, a gym, a cafeteria, and logically placed counseling and administrative offices.
  • Major landmarks include the Federal Reserve Bank, the Detroit Institute of Arts, Wayne State University, Little Caesars Arena, and more.
  • Regional daycare had recently leased and operated out of the auxiliary while the educational facility was in use, demonstrating additional income.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Receiver Sale | Former School w/ Cash Flow

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.1 AC

LAND SF

222,156 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

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Jake WisemanNAI FarbmanMore Info
248-687-9150

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Jake WisemanNAI FarbmanMore Info
248-687-9150

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