450 Fort St Detroit, MI 48226

This exceptional mixed-use building, located at 450 W Fort St, Detroit, MI 48226, presents a compelling investment opportunity. The 17,901 square foot property, built in 1927, boasts a prime location in Detroit's urban core, offering 63 feet of frontage on Fort Street. Currently operating at 100% occupancy with four tenants, including an anchor bar that has occupied the space since 1959, this Fee Simple offering provides a stable income stream. The property is classified as Class C and features a Net Lease (NNN) structure. The pro-forma Net Operating Income (NOI) is $346,380, resulting in a pro-forma cap rate of 9.87%. The asking price is $3,510,000, translating to a price per square foot of $196.08. The building includes a ground floor with restaurant and storefront spaces, a second-floor office area, and lower-level storage. Its convenient location places it within walking distance of numerous Detroit landmarks, including Campus Martius, corporate office buildings, Hart Plaza, Comerica Park, Ford Field, and the Fox Theatre. Proximity to the Q Line and major national retailers further enhances its appeal. This move-in ready property offers a blend of historic charm and modern convenience, making it an attractive investment for discerning buyers.