Two-Story Office
For Sale
$1,599,999
2600 Cochrane St, Detroit, MI 48216
Two-story office building with an open floor plan on both levels and recent windows, roof, and MEP system upgrades.
Property Size12,800 SF
Price / SF$124
Days on Market67
Property Features for 2600 Cochrane St
General Information
Standard status
Active
Size
12,800 SF
Property subtype
Office, Multifamily
Building Details
Stories
2
Listing Agency:
Avison Young | Detroit
(313) 209-4126
Listed By:
Sloane Walsh
(313) 209-4126
Source:
Cpix.resimplifi
Added: May 27
Changed: Jul 22
Last Checked: Jul 31 at 3:00AM
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 Avison Young | Detroit
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.
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 For Apartment 5plus
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 | $261.1k | $20.40 |
| − Vacancy | −$17.0k | −$1.33 |
| EGI | $244.1k | $19.07 |
| − OpEx | −$109.9k | −$8.58 |
| NOI | $134.3k | $10.49 |
12,800 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.92M
$1.68M – $2.24M
NOI $134,281 @ 7.0% cap · market cap 8.39%
Second Best
Office B
$1.85M
$1.62M – $2.16M
NOI $129,676 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,661 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
