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    55 Columbia St Detroit, MI 48201

    Sponsored
    For Lease
    $35 SF/Yr

    Prime Restaurant Location, 4,400 SF Available

    Lot size:
    200,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail and restaurant space, located at 55 W Columbia St in Detroit, MI 48201, offers 4,400 square feet of vacant space within a larger 200,000 square foot, four-story building. The property is situated in a vibrant downtown location, ideal for a variety of restaurant concepts. The single-tenancy space presents a unique opportunity for a business seeking high visibility and accessibility. Given its location, the property benefits from significant foot traffic and proximity to other established businesses. While the building itself does not offer on-site parking, the area provides ample public parking options. The space is a former restaurant, offering a ready-made layout and infrastructure for a quick and efficient setup. The surrounding area is undergoing revitalization, with nearby businesses currently under construction, promising increased foot traffic and a thriving commercial environment in the near future. This is a rare opportunity to establish a presence in a rapidly developing section of Detroit's downtown core. The property's size and location make it suitable for a variety of restaurant concepts, from casual dining to upscale establishments. The address is 55 W Columbia St, Detroit, MI 48201.

    Property Features for 55 Columbia St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    200,000 SF
    Total Rate
    583333.33

    Building Details

    Stories
    4

    Unit(s) available at that property

    Space
    Size
    4,400 SF
    Rate per SF
    $35

    HighLights

    • 90 feet of frontage ideal for outdoor dining.
    Property Profile Location Intelligence

    Current Use by Public Records

    The M Den Detroit Sportswear Store

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Building Supply Daycare Center Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0526733
    Latitude
    42.3377227

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    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant Location, 4,400 SF Available
    Where is this restaurant located?
    The property is located at 55 Columbia St Detroit, MI.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: 90 feet of frontage ideal for outdoor dining.; ;
    Request Owner's contact information
    55 Columbia St Detroit, MI 48201
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    Detroit, MI 48201
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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
    55 Columbia St Detroit, MI 48201
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