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    3444 2Nd Ave Detroit, MI 48201

    Sponsored
    For Lease
    $25 SF/Yr ($9,375 /Mo)

    Prime Detroit retail space, fully vacant, recently renovated.

    Lot size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail property, located at 3444 2nd Ave, Detroit, MI 48201, offers a significant opportunity for a single tenant or multiple tenants. The building, known as Heather Hall, boasts a total of 4,500 square feet across two stories, currently entirely vacant and ready for immediate occupancy. A complete renovation was undertaken in 2022, ensuring modern and updated interiors. The property is zoned SD2 and features a convenient location near MLK (Martin Luther King Jr. Boulevard), offering excellent visibility and accessibility. The single building is situated on a lot with APN 02002340 in Wayne County. With its ample square footage and recent renovation, this property is ideal for a variety of retail uses. The strategic location in Detroit promises high foot traffic and significant potential for business growth. Interested parties are encouraged to inquire for further details and to schedule a viewing of this exceptional retail opportunity. The property's address is easily accessible and well-suited for both customers and employees. The 4,500 square feet of space provides ample room for a large-scale retail operation or the division into smaller units for multiple tenants.

    Property Features for 3444 2Nd Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,500 SF
    Total Rate
    9375

    Building Details

    Year Renovated
    2022
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space
    Size
    4,500 SF
    Rate per SF
    $25

    HighLights

    • 4,500 SF of midtown Detroit retail space available for lease.
    • Ground floor retail space within the Heather Hall building.
    • Move‑in ready white‑box space; tenant improvement allowances available for qualified tenants.
    • Gross rent: $25.00/SF, plus utilities.
    • Excellent location near numerous popular businesses, including Detroit Shipping Company, The Peterboro, and Selden Standard.
    Property Profile Location Intelligence

    Current Use by Public Records

    Heather Hall Apartment Building

    Suggested Use

    Realty agency Law Firm Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0621871
    Latitude
    42.3445907

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    FAQs

    What type of property is this?
    Retail property - Prime Detroit retail space, fully vacant, recently renovated.
    Where is this retail property located?
    The property is located at 3444 2Nd Ave Detroit, MI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 4,500 SF of midtown Detroit retail space available for lease.; Ground floor retail space within the Heather Hall building.; Move-in ready white-box space; tenant improvement allowances available for qualified tenants.
    Request Owner's contact information
    3444 2Nd Ave 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
    3444 2Nd Ave Detroit, MI 48201
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