4638 4th St - Churches FOR SALE


Detroit, MI 48201- Midtown Detroit
$1,600,000 USD
248-226-1610
4638 4th St, Detroit, MI for Sale
$1,600,000 USD
Churches - FOR SALE
1/2
null | 9% Cap Rate

4638 4th St
Detroit, MI 48201
Midtown Detroit


OVERVIEW

Absolute NNN Lease: NEW 1-Year Absolute NNN Prime Location | Midtown Detroit | One block away from Wayne State University. Stable Income: The new lease commencing on 5/1/2025 provides a stable income stream for one year, with the opportunity to develop the lot upon expiration. Ample Parking: Up to 40 spaces with numerous parking garages nearby Low Maintenance: With the tenant responsible for maintenance under the lease terms, investors can enjoy reduced maintenance responsibilities and costs.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$272 USD /SF

CAP RATE

9%

% 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.