Modern Office
For Sale
$225,000
440 Selden St, Detroit, MI 48201
Owner-user workspace with an open layout, private office, kitchenette, restroom, and strong natural light.
Property Size1,050 SF
Price / SF$214.29
Days on Market81
Property Features for 440 Selden St
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Commercial
Building Details
Year Built
2017
Listing Agency:
O'Connor Realty Detroit, LLC
Listed By:
Vincent Mazzola · License #6501387170
(313) 704-2678
Source:
Vmrealestatemichigan
Added: Aug 4
Changed: Oct 1
Last Checked: Oct 20 at 9:24PM
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
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Investment Insights
Based on property information with market context.
This office condominium at 440 Selden St provides 1,050 square feet of contemporary workspace in a building completed in 2017. The interior combines an open work area with a private office, kitchenette, restroom, and large windows that bring in substantial daylight. The efficient arrangement supports a professional office or creative business setting without requiring extensive build-out.
The property is in Midtown Detroit, just west of Cass Avenue, with restaurants, shops, cultural institutions, and major employers within walking distance. Its position also offers access to Downtown, New Center, and the broader Detroit area, giving an owner-user a central base within an established urban district.
The property is in Midtown Detroit, just west of Cass Avenue, with restaurants, shops, cultural institutions, and major employers within walking distance. Its position also offers access to Downtown, New Center, and the broader Detroit area, giving an owner-user a central base within an established urban district.
Key Highlights
- 1,050‑square‑foot office condominium at 440 Selden St
- Building completed in 2017
- Open work area paired with a private office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,637
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,740
$212.7K
Cap Rate 7%
$151,957
$152.0K
Cap Rate 9%
$118,189
$118.2K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$18.4K $17.52/SF
− Vacancy
−$4.2K −$4.01/SF
EGI
$14.2K $13.51/SF
− OpEx
−$3.5K −$3.38/SF
NOI
$10.6K $10.13/SF
Area
Detroit, MI
Vacancy
22.90%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,740
Cap Rate 7%
$151,957
Cap Rate 9%
$118,189
Alternative Uses
Best Use
Office B
$152.0K
$133.0K – $177.3K
NOI $10,637 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.6K
$202.7K – $270.2K
NOI $16,214 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
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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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Market
Vacancy Rate% for Office in Detroit, MI
Frequently Asked Questions
What type of property is this?
Office unit - Owner-user workspace with an open layout, private office, kitchenette, restroom, and strong natural light.
Where is this office unit located?
The property is located at 440 Selden St Detroit, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,050‑square‑foot office condominium at 440 Selden St; Building completed in 2017; Open work area paired with a private office
