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Freestanding Office Building
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1240 3rd Ave, Detroit, MI 48226

Free-standing office building with 17 private offices, reception, and private entrance off Abbott St.

Property Size8,000 SF
Days on Market123

Property Features for 1240 3rd Ave

General Information

Standard status Active
Size 8,000 SF
Property subtype Office

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Office Units 17
Listing Agency: Newmark | Detroit - Farmington Hills
Listed By: Larry Emmons · License #MI 6502356698
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 4:15PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Detroit - Farmington Hills

Investment Insights

Based on property information with market context.

This 8,000 SF freestanding office building offers a turnkey-ready layout with furniture noted as potential plug-and-play. The space includes 17 private offices and a reception area, supported by a private entrance off Abbott St.

The property features 103’ of frontage on Third Ave, with strong signage and visibility. It is described as easily accessible off M-10 and I-75, supporting convenient arrival for clients and staff.

With its private office mix and dedicated reception, the building is well suited for organizations seeking a largely enclosed workspace configuration.

Key Highlights

  • 8,000 SF free‑standing office building with 103’ frontage on Third Ave
  • Layout includes 17 private offices plus reception
  • Private entrance off Abbott St

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Electrical Service Daycare Center (Bike/Boat/Book/etc) Store HVAC Service Kitchen & Bath Showroom Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

17
Office units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

4,499
Businesses Nearby

Demographics for 48226, MI

6,307
Population
5,160
Households
1.2
Avg Household Size
37
Median Age
53%
College-Educated
93%
High-School Grad
1.2 sq mi
ZIP Area
5,256
Density / Sq Mi
$69,813
Median Household Income
$60,957
Median Earnings
$1,714
Median Rent
$307,700
Median Home Value

Market

Vacancy Rate% for Office in Detroit, MI

11.9% 2019
13.9% 2020
15.2% 2021
17.9% 2022
20.3% 2023
22% 2024
19.5% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Free-standing office building with 17 private offices, reception, and private entrance off Abbott St.
Where is this office building located?
The property is located at 1240 3rd Ave Detroit, MI.
What are key features of this property?
This property features: 8,000 SF free‑standing office building with 103’ frontage on Third Ave; Layout includes 17 private offices plus reception; Private entrance off Abbott St
(248) 350-9500 Call to check price and availability
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