248-227-3611
400 Bagley St
Detroit, MI 48226
City Center Detroit
HIGHLIGHTS
- Subject offering comprises the Leland House Apartments, a nationally registered historic building, and two neighboring parking lots.
- Tax-incentivized location in Downtown Detroit’s Opportunity Zone and bustling Central Business District with strong public transit.
- Rare Downtown opportunity providing redevelopment, lease-up, and operational advantages of a National Register of Historic Places property.
- Compelling basis offered at pricing that allows for creative capital structuring and long-term value creation.
- Well-suited for residential, hospitality, condominium, or mixed-use redevelopment, enhancing project economics.
- 22-story Leland House currently has approximately 150 single occupancy rooms and 120 apartment units, and houses the well-known City Club.
FOR SALE DETAILS
PRICE
$3,250,000 USD
# OF UNITS
-
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Historic Downtown Redevelopment Opp.
PROPERTY TYPE
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TOTAL BUILDING SIZE
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STORIES
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YEAR BUILT
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PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
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APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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248-227-3611
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248-227-3611
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