1468 Adelaide St, Detroit, MI 48207
Two-story, 21,309 SF mixed-use property in Detroit's Eastern Market.
- Added:
- Mar 10, 2026
- Days on Market:
- 119
- Last Refresh:
- Jul 2 at 5:02 pm
Property Features for 1468 Adelaide St
General Information
- Standard status
- Active
- Size
- 21,309 SF
- Lot size
- 0.25 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1916
Listing office O'Connor Real Estate (313) 963-9891
Listing date Mar 10, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of O'Connor Real Estate
HighLights
- Prime location in the heart of Detroit's historic Eastern Market.
- Substantial vacant space (nearly 20,000 sq ft) offering exceptional potential.
- Large 21,309 sq ft mixed‑use property.
- Anchored by Farmer Frank's restaurant.
- Part of a monumental collection of properties for sale.
- Two‑story building constructed in 1916.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $396.3k | $18.60 |
| − Vacancy | −$21.4k | −$1.00 |
| EGI | $374.9k | $17.60 |
| − OpEx | −$93.7k | −$4.40 |
| NOI | $281.2k | $13.20 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0393
- Latitude
- 42.3468
