440 Clinton St - Retail FOR SALE


Detroit, MI 48226- Greektown
$2,000,000 USD
248-841-5007
440 Clinton St, Detroit, MI for Sale
$2,000,000 USD
Retail - FOR SALE
1/27
null | Request Cap Rate

440 Clinton St
Detroit, MI 48226
Greektown


HIGHLIGHTS

  • Area has a Significant Development Pipeline
  • Historical Façade can be Rejuvenated to Restore Original Charm
  • Walkable – Near Sports Venues, Casino/Hotel, Shopping & Restaurants
  • Located Near I-375 and Gratiot Avenue
  • Rehab Ready Upper Floors
  • Operating Restaurant on Main Floor

OVERVIEW

NAI Farbman is pleased to present the opportunity to acquire 428 Clinton Street located within the Entertainment district of Downtown Detroit. The location is walkable from the Stadium District, Greektown and Campus Martius, making this an ideal hospitality asset. The location sits in the path of significant developments happening upon the former jail site to the east and a new multifamily apartment development next door to the west. The first floor is home to the ever-popular Harbor House restaurant. The upper two floors remain a blank slate to be converted to their highest and best use by the next owner. *Please open flyer to view the Offering Memorandum

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1870

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,576 SF

ZONING

B5

APN/PARCEL ID

01-000216

ASK ABOUT THIS PROPERTY

Todd SzymczakNAI FarbmanMore Info
248-841-5007

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Todd SzymczakNAI FarbmanMore Info
248-841-5007

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