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    3500 John R St Detroit, MI 48201

    Sponsored
    For Sale
    Contact for pricing

    24,000 SF Former Academy, .72 Acres

    Property size:
    24,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 24,000 square foot property presents a unique redevelopment opportunity in Detroit, Michigan. Situated on a 0.72-acre lot at 3500 John R St, in the heart of the New Center area, this two-story building offers significant potential for adaptive reuse. Previously used as Capstone Academy, the structure boasts 31 individual rooms, each plumbed with a toilet, offering versatile layout options for a variety of uses. Beyond the main building, the property includes an additional below-grade floor, a two-story basketball court, and an outdoor recreational area. A fully secured parking field further enhances the property's functionality. The strategic location provides immediate proximity to key amenities, including Wayne State University, a newly constructed Whole Foods Market, and Little Caesars Arena, ensuring high visibility and accessibility. This substantial property offers a rare chance to capitalize on Detroit's revitalization, transforming a unique building into a thriving commercial or residential space. The existing infrastructure, including plumbing in each room, provides a solid foundation for a variety of redevelopment projects. The ample outdoor space and secured parking add significant value to this already impressive offering. This is a truly exceptional opportunity for an investor seeking a high-impact project in a rapidly growing area.

    Property Features for 3500 John R St

    General Information

    Property type
    Specialty properties
    Square Feet
    24,000 SF
    Lot Size
    31,363 SF

    Building Details

    Stories
    2

    HighLights

    • 24,000 SF former detention center in Detroit's New Center area, ideal for adaptive reuse.
    • 24,000 SF building (two stories above grade, plus basement), plus a two‑story basketball court and outdoor recreation area, on a 0.72‑acre lot with secured parking.
    • 31 detention rooms, each with plumbing and an internal toilet.
    • Excellent location near Wayne State University, a Whole Foods Market, and Little Caesars Arena.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -83.0550164
    Latitude
    42.3477986

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    FAQs

    What type of property is this?
    Specialty property - 24,000 SF Former Academy, .72 Acres
    Where is this specialty property located?
    The property is located at 3500 John R St Detroit, MI.
    What are key features of this property?
    This property features: 24,000 SF former detention center in Detroit's New Center area, ideal for adaptive reuse.; 24,000 SF building (two stories above grade, plus basement), plus a two-story basketball court and outdoor recreation area, on a 0.72-acre lot with secured parking.; 31 detention rooms, each with plumbing and an internal toilet.
    (947) 517-6226
    Request Owner's contact information
    3500 John R 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
    3500 John R St Detroit, MI 48201
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