4120 2nd Ave - Freestanding FOR SALE


Detroit, MI 48201- Midtown Detroit
$2,571,000 USD
248-688-0630
4120 2nd Ave, Detroit, MI for Sale
$2,571,000 USD
Freestanding - FOR SALE
1/10
null | 7% Cap Rate

4120 2nd Ave
Detroit, MI 48201
Midtown Detroit


HIGHLIGHTS

  • Over 7 years remaining
  • Midtown Detroit
  • The Detroit Cultural Center & District Detroit
  • The “Future of Health” & Innovation Hubs
  • Special Development District
  • Pedestrian-Oriented Retail

OVERVIEW

Located just minutes from downtown, the subject property benefits from its inclusion in Detroit’s entertainment ecosystem. Among the most dense and diverse of any mid-sized American city, Detroit has four major professional sports franchises playing within the city limits, drawing millions of fans annually. Moreover, the city’s casino industry generates over $1.29 billion annually across resort properties MGM Grand Detroit, MotorCity Casino Hotel, and Hollywood Casino at Greektown. Coupled with a hospitality market anchored by the 1,300-room Detroit Marriott at the Renaissance Center, and an additional 4,000 rooms in downtown, further cementing Detroit as one of America’s premier destination cities.

FOR SALE DETAILS

PRICE

$2,571,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mad Nice

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

SD1

APN/PARCEL ID

02-002364

ASK ABOUT THIS PROPERTY

Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

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Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

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