Three-Story Office and Classroom
3442 McDougall Street Unit SourceFi Detroit, MI 48207
For Sale
$350,000
Three-story building with office and classroom space, plus a fully equipped commercial kitchen on the lower level.
Property Size4,686 SF
Price / SF$74.69
Days on Market291
Property Features for 3442 McDougall Street Unit SourceFi
General Information
- Standard status
- Active
- Size
- 4,686 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency:
O'Connor Realty Detroit, LLC
(313) 963-9891
Listed By:
Vincent Mazzola · License #6501387170
Source:
Xome
Added: Oct 9, 2025
Changed: Jul 24
Last Checked: Jul 25 at 2:43AM
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 three-story building at 3442 McDougall Street offers a mix of office and classroom space. The lower level includes a fully equipped commercial kitchen, providing an on-site food preparation component within the building.
The property is located about a block from Gratiot Avenue in Detroit’s McDougall-Hunt neighborhood, just north of the Eastern Market District. Parking is available in the lot behind the building for tenant and visitor access.
With its combination of offices, classrooms, and an equipped kitchen, the building supports flexible operational layouts within a single structure.
The property is located about a block from Gratiot Avenue in Detroit’s McDougall-Hunt neighborhood, just north of the Eastern Market District. Parking is available in the lot behind the building for tenant and visitor access.
With its combination of offices, classrooms, and an equipped kitchen, the building supports flexible operational layouts within a single structure.
Key Highlights
- Three‑story building with a mix of office and classroom space
- Lower level includes a fully equipped commercial kitchen
- Parking available in the lot behind the building
Financial Insights For Industrial
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 | $34.3k | $7.32 |
| − Vacancy | −$1.7k | −$0.37 |
| EGI | $32.6k | $6.95 |
| − OpEx | −$9.8k | −$2.08 |
| NOI | $22.8k | $4.86 |
4,686 SF · lease $7.32/SF/yr · vacancy 5.08% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$883.4K
$773.0K – $1.03M
NOI $61,840 @ 7.0% cap · market cap 17.67%
Second Best
Office B
$678.2K
$593.4K – $791.2K
NOI $47,474 @ 7.0% cap · market cap 13.56%
Theoretical Best
Office A
$1.03M
$904.5K – $1.21M
NOI $72,362 @ 7.0% cap · market cap 20.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Three-story building with office and classroom space, plus a fully equipped commercial kitchen on the lower level.
Where is this office units located?
The property is located at 3442 McDougall Street Unit SourceFi Detroit, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three‑story building with a mix of office and classroom space; Lower level includes a fully equipped commercial kitchen; Parking available in the lot behind the building
