Building Details

Building Size 12,800 SF

Stories 2

Listing Agency: O'Connor Real Estate

Listed By: Sloane Walsh Show Phone

Source: Cpix.resimplifi

Added: May 27 Changed: Oct 31 Last Checked: Oct 30 at 10:40AM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This two-story office building offers an open floor plan on both levels, providing flexible space for developers or end users to customize. The current owner has maintained the property and completed updates including new windows, a new roof, and new MEP systems.

The property is located at 2600 Cochrane St in Detroit. The public remarks indicate it is within walking distance of Ford’s new Corktown mobility campus / Michigan Central Station.

With its two-level, open layout and recently installed core building systems, the property is positioned as a straightforward base for interior build-out and occupancy planning.

Key Highlights

• Two‑story office building with an open floor plan on both levels
• Recent upgrades include new windows, roof, and MEP systems

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$134,281

Cap Rate

8.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,685,620 $2.7M

Cap Rate 7%

$1,918,300 $1.9M

Cap Rate 9%

$1,492,011 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,800 SF

Gross rent

$261.1K $20.40/SF

− Vacancy

−$17.0K −$1.33/SF

EGI

$244.1K $19.07/SF

− OpEx

−$109.9K −$8.58/SF

NOI

$134.3K $10.49/SF

Area

Detroit, MI

Vacancy

6.50%

Lease Rate

$20.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,685,620

Cap Rate 7%

$1,918,300

Cap Rate 9%

$1,492,011

Alternative Uses

Best Use

Apartment 5plus

$1.92M

$1.68M – $2.24M (±1% cap)

NOI $134,281 @ 7.0% cap · market cap 8.39%

Second Best

Office B

$1.85M

$1.62M – $2.16M (±1% cap)

NOI $129,676 @ 7.0% cap · market cap 8.10%

Theoretical Best

Office A

$2.82M

$2.47M – $3.29M (±1% cap)

NOI $197,661 @ 7.0% cap · market cap 12.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Patrize Microscope LLC Production Facility Screen Machine (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Kitchen & Bath Showroom Nail Salon Hair Salon Storage Facility

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

Location Intelligence

Trade Area within ½ mile

923

Businesses Nearby

Explore this area Business Placement

Demographics for 48216, MI

5,031

Population

3,398

Households

1.5

Avg Household Size

35

Median Age

37%

College-Educated

87%

High-School Grad

2.3 sq mi

ZIP Area

2,187

Density / Sq Mi

$42,278

Median Household Income

$42,189

Median Earnings

$860

Median Rent

$225,300

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 - Two-story office building with an open floor plan on both levels and recent windows, roof, and MEP system upgrades.

Where is this office building located?

The property is located at 2600 Cochrane St Detroit, MI.

What is the asking price?

The asking price for this property is $1,599,999.

What are key features of this property?

This property features: Two‑story office building with an open floor plan on both levels; Recent upgrades include new windows, roof, and MEP systems