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    4 Alexandrine St Detroit, MI 48201

    Sponsored
    For Lease
    $21 SF/Yr ($6,797 /Mo)

    Prime Retail, DMC Hospital Entrance

    Lot size:
    3,884 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Bicentennial Tower offers exceptional retail space at the entrance to the DMC Hospital complex. This high-traffic location boasts two available ground-floor units, previously occupied by Comerica Bank and Subway. Each space presents a unique opportunity, with the flexibility to lease individually or combine for a larger footprint. The smaller unit offers a minimum of 1,400 square feet, while the maximum contiguous space available totals 2,484 square feet. The total building square footage is 3,884 square feet, currently entirely vacant and ready for immediate occupancy. The building's strategic placement provides immediate access to a convenient parking structure, a significant advantage for both tenants and their customers. This makes it an ideal location for businesses seeking high visibility and convenient access for their clientele. The property's proximity to the hospital ensures a consistent flow of potential customers, creating a strong foundation for success. This is a rare opportunity to establish a thriving business in a high-demand area with excellent accessibility and visibility. The combined spaces offer a significant retail presence, while the individual units provide options for smaller businesses seeking a prime location. Don't miss this chance to secure your place in this thriving commercial hub.

    Property Features for 4 Alexandrine St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,884 SF
    Total Rate
    6797

    Unit(s) available at that property

    Space
    Former Subway
    Size
    1,400 SF
    Rate per SF
    $21
    Space
    Former Comerica Bank space
    Size
    2,484 SF
    Rate per SF
    $21

    HighLights

    • Retail storefront property totaling 3,884 square feet.
    • Two suites available, individually or combined.
    • Minimum divisible space: 1,400 square feet; maximum contiguous space: 2,484 square feet.
    • Entire building (3,884 sq ft) currently vacant.
    • Located at the entrance to DMC Hospital with adjacent parking structure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bicentennial Tower Apartment Building Comerica Bank Bank

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0587429
    Latitude
    42.350706

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail, DMC Hospital Entrance
    Where is this individual retail property located?
    The property is located at 4 Alexandrine St Detroit, MI.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Retail storefront property totaling 3,884 square feet.; Two suites available, individually or combined.; Minimum divisible space: 1,400 square feet; maximum contiguous space: 2,484 square feet.
    Request Owner's contact information
    4 Alexandrine St 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
    4 Alexandrine St Detroit, MI 48201
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