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    18 Adams Ave Detroit, MI 48226

    Sponsored
    For Sale
    Contact for pricing

    Prime Detroit mixed-use investment. High-visibility location.

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional mixed-use property, known as "The Adam," presents a compelling investment opportunity in Detroit, Michigan. Located at 18 W Adams Ave, in the heart of the city's dynamic downtown, this Class A asset offers 20,000 square feet of space across a two-story building on a 0.3-acre lot (APN: 02000387). The property, built in 1930 and extensively renovated in 2022, is zoned B5 - General Business District, allowing for a variety of uses. Currently configured as an apartment building, restaurant, and storefront, with two tenants under a Net Net lease, this multi-tenant building offers strong rental income potential. Its strategic location ensures high visibility and foot traffic, benefiting from proximity to major transportation hubs, dining, and entertainment venues. The building's solid structure allows for potential future expansion, with the possibility of adding up to 20+ stories. This Core+ investment is ideally positioned to capitalize on Detroit's ongoing economic resurgence, promising significant appreciation and a lucrative return for investors. The property's modern amenities and strong tenant base contribute to its overall desirability and investment value.

    Property Features for 18 Adams Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    20,000 SF
    Class
    A
    Lot Size
    13,068 SF

    Building Details

    Year Built/Renovated
    1930/2022
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Brass Rail Pizza ... Pizza Restaurant Glade Chiropractor

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Daycare Center Building Supply Gym & Fitness Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0514947
    Latitude
    42.3370424

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    FAQs

    What type of property is this?
    Individual retail property - Prime Detroit mixed-use investment. High-visibility location.
    Where is this individual retail property located?
    The property is located at 18 Adams Ave Detroit, MI.
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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
    18 Adams Ave Detroit, MI 48226
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