Central Business District Office
For Sale
Contact for pricing
440 E Congress St, Detroit, MI 48226
Large office building in Detroit’s CBD with B-6 zoning and access to I-75 within one mile.
Property Size85,539 SF
Price / SF$116.91
Days on Market126
Property Features for 440 E Congress St
General Information
Standard status
Active
Size
85,539 SF
Property subtype
OFFICE
Zoning
B-6
Additional Details
Highway Access
Yes
Listing Agency:
Avison Young | Detroit
(313) 622-0159
Listed By:
Robert Danforth
(313) 622-0159
Source:
Moodyscre
Added: Mar 29
Changed: Jul 26
Last Checked: Jul 26 at 5:25AM
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.
Up to 85,539 square foot office building located in a B-6 zoning region of Detroit’s CBD. The property is presented as a repositioning and redevelopment opportunity and may also suit an office or medical office user seeking a lower replacement-cost alternative.
The building is less than one mile from the I-75 expressway, supporting convenient regional access for employees, patients, and visitors.
Offered for sale as a larger-format office asset with the flexibility associated with its CBD location and B-6 zoning designation.
The building is less than one mile from the I-75 expressway, supporting convenient regional access for employees, patients, and visitors.
Offered for sale as a larger-format office asset with the flexibility associated with its CBD location and B-6 zoning designation.
Key Highlights
- Up to 85,539 SF office building in Detroit’s CBD
- Located in a B‑6 zoning region
- Less than 1 mile from I‑75 expressway
Financial Insights For Healthcare Medical
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 | $1.64M | $19.20 |
| − Vacancy | −$164.2k | −$1.92 |
| EGI | $1.48M | $17.28 |
| − OpEx | −$591.2k | −$6.91 |
| NOI | $886.9k | $10.37 |
85,539 SF · lease $19.20/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$12.67M
$11.09M – $14.78M
NOI $886,868 @ 7.0% cap · market cap 8.87%
Second Best
Office B
$12.38M
$10.83M – $14.44M
NOI $866,590 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$18.87M
$16.51M – $22.02M
NOI $1,320,917 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,321
Businesses Nearby
Explore this area
Business Placement
Demographics for 48226, MI
6,307
Population
5,160
Households
1.2
Avg Household Size
37
Median Age
53%
College-Educated
93%
High-School Grad
1.2 sq mi
ZIP Area
5,256
Density / Sq Mi
$69,813
Median Household Income
$60,957
Median Earnings
$1,714
Median Rent
$307,700
Median Home Value
Market
Vacancy Rate% for Office in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Large office building in Detroit’s CBD with B-6 zoning and access to I-75 within one mile.
Where is this office building located?
The property is located at 440 E Congress St Detroit, MI.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Up to 85,539 SF office building in Detroit’s CBD; Located in a B‑6 zoning region; Less than 1 mile from I‑75 expressway
