4729-4737 Conner St - Freestanding FOR SALE


Detroit, MI 48215- East Side
$4,911,124 USD
313-878-7735
4729-4737 Conner St, Detroit, MI for Sale
$4,911,124 USD
Freestanding - FOR SALE
1/3
null | 8.5% Cap Rate

4729-4737 Conner St
Detroit, MI 48215
East Side


HIGHLIGHTS

  • Stabilized investment with upside potential.
  • Strong NOI of $417,445 // Pro Forma NOI: $532,972. Impressive 83% occupancy for consistent income.
  • 2009 Renovation: roof, mechanicals, interior, and exterior facade.
  • Ideal vacancy for retail, office, or warehouse utilization.

OVERVIEW

This landmark 43,550 SF building, situated in the heart of Detroit, offers a rare investment opportunity. This property boasts an impressive 83% occupancy by the Michigan Department of Human Services until January 31, 2030, presenting a stabilized investment with 7,275 SF of vacancy for value-add . This long-standing credit tenant has anchored the site since 2009, ensuring consistent income. The high traffic area, complete with a national grocery store, bodes well for retail, office, or warehouse utilization, and generates an NOI of $417,445.55. Don’t miss out on this exceptional opportunity for a secure investment in the Detroit market!

FOR SALE DETAILS

PRICE

$4,911,124 USD

PRICE/SF

$113 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

84

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,733 SF

ZONING

Commercial

APN/PARCEL ID

21-04-642-30-05L,21-046423-004

ASK ABOUT THIS PROPERTY

Anthony PellegrinoP.A. Commercial, LLCMore Info
313-878-7735

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Anthony PellegrinoP.A. Commercial, LLCMore Info
313-878-7735

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