4638 4th St - Churches FOR SALE


Detroit, MI 48201- Midtown Detroit
$1,299,000 USD
248-226-1610
4638 4th St, Detroit, MI for Sale
$1,299,000 USD
Churches - FOR SALE
1/2
null | Request Cap Rate

4638 4th St
Detroit, MI 48201
Midtown Detroit


OVERVIEW

Prime Location: Situated at 4638 4th Street in Detroit, MI, this property is in a rapidly developing and growing corridor, one block away from Wayne State University and adjacent to M-10 and other major transit routes Ample Parking: The church on-site lot holds up to 75 spaces with numerous parking garages nearby Historical Charm: The property boasts historical charm, which can be a unique selling point for attracting tenants or buyers interested in preserving and utilizing historical buildings. High Demand Area: Midtown Detroit is experiencing a resurgence, with increasing demand for real estate of all asset classes. The surrounding area has seen a surge in demand for quality rental housing and retail amenities, driven by young professionals, students, and urban dwellers Redevelopment Potential: The existing structure may be eligible for teardown or adaptive reuse, allowing for creative redevelopment with modern design and amenities. Opportunity Zone Benefits: Located within a designated Opportunity Zone, investors may benefit rom significant tax incentives on capital gains. Proximity to Anchor Institutions: Close to Wayne State University, Henry Ford Hospital, and cultural institutions—driving consistent demand for housing and services. Underserved Retail Market: The neighborhood has limited retail options, creating a strong opportunity for ground-floor commercial tenants such as cafes, boutiques, or service providers.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$221 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

R5

APN/PARCEL ID

04-0035109

ASK ABOUT THIS PROPERTY

Simon JonnaJonna GroupMore Info
248-226-1610

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Simon JonnaJonna GroupMore Info
248-226-1610

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