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    2727 2Nd Ave Detroit, MI 48201

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    For Sale
    $9,750,000

    Five-story office building in Midtown Detroit with redevelopment potential.

    Property size:
    247,869 SF
    Lot size:
    3.59 Acres

    Property Features for 2727 2Nd Ave

    General Information

    Size
    247,869 SF
    Lot size
    3.59 Acres

    Source: CBRE | Detroit Agent Anne P. Rahm

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Midtown Detroit Office Building

    Located in Midtown Detroit, 2727 Second Avenue, known as “The Block,” is a five-story office building constructed in 1927. Originally built for the S.S. Kresge company headquarters, the property contains 247,869 square feet and is situated on 3.64 acres. The building is currently 22% occupied with short-term leases. Parking includes 60 underground spaces and 180 exterior surface spaces. The property has flexible B4 zoning, offering redevelopment opportunities.
    Location Intelligence

    Current Use by Public Records

    LaVere Structural Consulting, ... Structural Engineer Eastern Mi University ... College Family Empowerment Institute Social Services Organization Institute-Environmental Health Medical Clinic Michigan Legal Services Legal Services

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.061541
    Latitude
    42.340016

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    FAQs

    What type of property is this?
    Office building - Five-story office building in Midtown Detroit with redevelopment potential.
    Where is this office building located?
    The property is located at 2727 2Nd Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $9,750,000.
    What are key features of this property?
    This property features: - Unique historical building: Originally constructed in 1927 as the S.S. Kresge headquarters.; - Substantial square footage: **247,869 square feet across five stories.**; - Large land area: Situated on 3.64 acres in Midtown Detroit.
    (313) 808-0717
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2727 2Nd Ave Detroit, MI 48201
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