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    1551 Winder St Detroit, MI 48207

    For Lease
    $12 SF/Yr

    Historic Detroit storefront, multiple suites available

    Lot size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 60,000 square foot, five-story Class B retail building, located at 1551 Winder St, Detroit, MI 48207 (NW corner of Winder and Orleans Streets, Wayne County), presents a unique investment opportunity. Built in 1891 and extensively renovated in 2023, the property boasts a rich history and modern amenities. The building features multiple suites, with a minimum divisible space of 547 square feet and a maximum contiguous space of 6,234 square feet. A total of four suites are available within the single building. The property is ideally suited for a variety of retail uses, including storefront shops, restaurants, and event spaces. Its prime location, just two blocks from the vibrant Eastern Market, ensures high visibility and foot traffic. The building includes an elevator for convenient access to all five floors. Historically significant architectural details are preserved throughout, creating a unique and attractive environment. The lower level, formerly an art studio, offers a distinctive layout with brick tunnel corridors leading to a large open space. Retail spaces on Winder Street begin at 2,455 square feet. This property offers a blend of historic charm and modern functionality, making it an ideal location for businesses seeking a distinctive and well-located space in the heart of Detroit's Eastern Market.

    Property Features for 1551 Winder St

    General Information

    Property type
    Wedding venues
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,000 SF
    Class
    B
    Total Rate
    60000

    Building Details

    Year Built/Renovated
    1891/2023
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Lower Level Retail
    Size
    6,234 SF
    Rate per SF
    $22
    Space
    Ground Floor Retail
    Size
    2,455 SF
    Rate per SF
    $22

    HighLights

    • 60,000 SF, five‑story Class B retail building at 1551 Winder St, Detroit, MI 48207. Extensively renovated in 2023.
    • Multiple suites available, ranging from 547 SF to 6,234 SF contiguous. Four suites currently available.
    • Ground floor spaces range from 547‑2,455 SF, suitable for restaurants or retail, with 10' ceilings.
    • Lower level offers 6,234 SF, formerly an art studio, with 21' ceilings, ideal for a theatre, bar, or high‑end event space. Features brick tunnel corridors.
    • Prime location in the heart of Eastern Market, near numerous popular businesses including Supino Pizza, Trinosophes, and more. Elevator included.
    Property Profile Location Intelligence

    Current Use by Public Records

    E & B Brewery ... Apartment Complex Scott McDuffee Art Artist Renew Restaurant Equipment Plastic Fabrication Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0376367
    Latitude
    42.3470918

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    FAQs

    What type of property is this?
    Wedding venue - Historic Detroit storefront, multiple suites available
    Where is this wedding venue located?
    The property is located at 1551 Winder St Detroit, MI.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 60,000 SF, five-story Class B retail building at 1551 Winder St, Detroit, MI 48207. Extensively renovated in 2023.; Multiple suites available, ranging from 547 SF to 6,234 SF contiguous. Four suites currently available.; Ground floor spaces range from 547-2,455 SF, suitable for restaurants or retail, with 10' ceilings.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1551 Winder St Detroit, MI 48207
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