Six-Story Historic Office
2411 14th Street Detroit, MI 48216
2411 14th Street, Detroit, MI, 48216
$2,526,000
For Sale
$2,526,000
Historic six-story office building with an open floor plan and high ceilings, offering nearly one acre of land.
Property Size21,674 SF
Lot Size1.00 Acre
Price / SF$116.55
Days on Market63
Property Features for 2411 14th Street
General Information
- Standard status
- Active
- Size
- 21,674 SF
- Lot size
- 1.00 Acre
- Property subtype
- General Commercial
Building Details
- Year Built
- 1924
Listing agency
O'Connor Realty Detroit, LLC
(313) 963-9891
Listed by
Vincent Mazzola · License #6501387170
Source
Xome
Added: May 20 Updated: Jul 20 at 7:57PM Checked: Jul 21 at 3:15AM
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 O'Connor Realty Detroit, LLC
Investment Insights
Based on property information with market context.
This six-story, historic CPA office building offers an open floor plan and high ceilings, creating a flexible interior for adaptive reuse. The property includes almost one acre of land, and adjacent land directly west on Michigan Avenue can be included to expand the site.
The building is located on Michigan Avenue in Detroit’s Corktown neighborhood, directly across from Ford’s Michigan Central Station. The surrounding area includes a mix of employers and community uses, with notable neighbors listed for Michigan Central Station and Ford Motor Company, along with other nearby businesses and facilities.
For buyers and developers looking for a larger, centrally located conversion opportunity, the combination of a multi-story historic structure and available land provides a practical base for future redevelopment planning.
The building is located on Michigan Avenue in Detroit’s Corktown neighborhood, directly across from Ford’s Michigan Central Station. The surrounding area includes a mix of employers and community uses, with notable neighbors listed for Michigan Central Station and Ford Motor Company, along with other nearby businesses and facilities.
For buyers and developers looking for a larger, centrally located conversion opportunity, the combination of a multi-story historic structure and available land provides a practical base for future redevelopment planning.
Key Highlights
- Historic six‑story CPA building built in 1924 with 21,674 SF of space
- Located directly across from Ford's Michigan Central Station on Michigan Avenue
- Includes nearly one acre of land; lot dimensions are 290x105
Local Financial Insights For Office B
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 | $379.7k | $17.52 |
| − Vacancy | −$87.0k | −$4.01 |
| EGI | $292.8k | $13.51 |
| − OpEx | −$73.2k | −$3.38 |
| NOI | $219.6k | $10.13 |
21,674 SF · lease $17.52/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.14M
$2.74M – $3.66M
NOI $219,578 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.78M
$4.18M – $5.58M
NOI $334,696 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Historic six-story office building with an open floor plan and high ceilings, offering nearly one acre of land.
Where is this office building located?
The property is located at 2411 14th Street Detroit, MI.
What is the asking price?
The asking price for this property is $2,526,000.
What are key features of this property?
This property features: Historic six‑story CPA building built in 1924 with 21,674 SF of space; Located directly across from Ford's Michigan Central Station on Michigan Avenue; Includes nearly one acre of land; lot dimensions are 290x105
