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, with endless upside potential for a savvy investor.
- 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 building currently has approximately 150 single-occupancy rooms and 120 apartment units, and houses the well-known City Club.
FOR SALE DETAILS
PRICE
Request Info for Price
# OF UNITS
270
CAP RATE
Request Cap Rate
% LEASED
0%
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Historic Downtown Redevelopment Opp.
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Hi-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
22
YEAR BUILT
2026
PARKING SPACES
650
LAND DETAILS
LAND ACRES
0.66 AC
LAND SF
28,750 SF
ZONING
B5
APN/PARCEL ID
02-0022936
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
248-227-3611
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
248-227-3611
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
