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    1401 Vermont St Detroit, MI 48216

    Sponsored
    For Lease
    Contact for pricing

    Modern Office Suites in Historic Corktown

    Lot size:
    28,402 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 28,402 square foot office building, located at 1401 Vermont St in Detroit, MI's vibrant Corktown neighborhood, presents a unique investment opportunity. Situated on a 7-acre lot at the NW corner of Vermont and Porter, this Class B building boasts a prime location within Corktown's thriving technology hub, just blocks from Michigan Central Station and the Book Depository. Built in 1932 and extensively renovated in 2022, the two-story building offers a blend of historic charm and modern amenities. Currently, 6,427 square feet of space is available for lease, with flexible suite sizes starting at 2,735 square feet. The building features impressive 14-foot ceilings, creating a spacious and inspiring work environment. Modern conveniences include 24-hour badge access control and ample on-site parking (20+ spaces). An elevator is also available for convenient access to both floors. Common areas, including entrances and corridors, have been recently renovated. The property is zoned M4 and is ideal for a variety of office uses, including creative, traditional, and medical office spaces. This single-tenancy building offers a rare opportunity to secure a prominent presence in one of Detroit's most dynamic and rapidly growing neighborhoods. Wayne County location and easy access to major transportation hubs make this a highly desirable location for businesses seeking a unique and functional workspace.

    Property Features for 1401 Vermont St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,402 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1932/2022
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    6,427 SF

    HighLights

    • 28,402 SF office building on a 7‑acre lot in Detroit's Corktown neighborhood.
    • Prime location near Michigan Central Station and Ford's Book Depository, within Corktown's tech hub.
    • Recently renovated (2022), offering 6,427 SF of available space in flexible suites (minimum 2,735 SF).
    • Features include 14‑foot ceilings, 24‑hour access, ample parking, an elevator, and renovated common areas.
    • Zoned M4, suitable for various office uses, including creative, traditional, and medical.
    Property Profile Location Intelligence

    Current Use by Public Records

    Detroit Soup Association / Organization EM 360 Digital Website Designer Solara Medical Supplies ... Medical Supply Store Reluctantly Brave Marketing Consultant ROSY AND SHAUN WEDDING ... Wedding Photographer

    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
    -83.0706652
    Latitude
    42.3254431

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    FAQs

    What type of property is this?
    Medical office - Modern Office Suites in Historic Corktown
    Where is this medical office located?
    The property is located at 1401 Vermont St Detroit, MI.
    What are key features of this property?
    This property features: 28,402 SF office building on a 7-acre lot in Detroit's Corktown neighborhood.; Prime location near Michigan Central Station and Ford's Book Depository, within Corktown's tech hub.; Recently renovated (2022), offering 6,427 SF of available space in flexible suites (minimum 2,735 SF).
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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
    1401 Vermont St Detroit, MI 48216
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