Midtown Detroit Mixed-Use
For Sale
Contact for pricing
3745-3759 Cass Ave, Detroit, MI 48201
Prime mixed-use development site in vibrant Midtown Detroit.
Property Size11,000 SF
Price / SF$154.55
Days on Market210
Property Features for 3745-3759 Cass Ave
General Information
Standard status
Active
Size
11,000 SF
Total Parking Spaces
32
Property subtype
Retail, Multifamily, Mixed Use
Zoning
B4 (Mixed Use)
Investment Type
Redevelopment
Building Details
Stories
4
Units
45
Listing Agency:
Lino Realty Inc
Listed By:
Michael Scamardella · License #6505205710
(586) 260-6379
Source:
Crexi
Added: Mar 11
Changed: Sep 23
Last Checked: Oct 5 at 4:54PM
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 Lino Realty Inc
Investment Insights
Based on property information with market context.
This property is positioned in the Cass Avenue corridor of Midtown Detroit, an area known for its vibrancy and desirability. Midtown is anchored by institutions such as Wayne State University, the Detroit Medical Center, and the Detroit Institute of Arts, as well as the Detroit Symphony Orchestra. The neighborhood features a mix of restaurants, including Selden Standard, Shewolf, Medusa Detroit, and Mad Nice, along with galleries, cafes, and retail spaces, contributing to its walkability. This 11,000 square foot site presents an opportunity for mixed-use housing development in a district with strong demand for apartment living and continued growth.
Key Highlights
- High demand for apartment living in Midtown Detroit.
- Rare opportunity for new mixed‑use housing development.
- Prime location on the Cass Avenue corridor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,680
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,613,600
$2.6M
Cap Rate 7%
$1,866,857
$1.9M
Cap Rate 9%
$1,452,000
$1.5M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$237.6K $21.60/SF
− Vacancy
−$28.5K −$2.59/SF
EGI
$209.1K $19.01/SF
− OpEx
−$78.4K −$7.13/SF
NOI
$130.7K $11.88/SF
Area
Detroit, MI
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,613,600
Cap Rate 7%
$1,866,857
Cap Rate 9%
$1,452,000
Alternative Uses
Best Use
Mixed Use
$1.87M
$1.63M – $2.18M
NOI $130,680 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,865 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,532
Businesses Nearby
Explore this area
Business Placement
Demographics for 48201, MI
14,500
Population
9,900
Households
1.5
Avg Household Size
33
Median Age
37%
College-Educated
88%
High-School Grad
1.9 sq mi
ZIP Area
7,632
Density / Sq Mi
$24,392
Median Household Income
$36,835
Median Earnings
$841
Median Rent
$401,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Prime mixed-use development site in vibrant Midtown Detroit.
Where is this mixed-use property located?
The property is located at 3745-3759 Cass Ave Detroit, MI.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: High demand for apartment living in Midtown Detroit.; Rare opportunity for new mixed‑use housing development.; Prime location on the Cass Avenue corridor.
