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    7430 2Nd Ave Detroit, MI 48202

    Sponsored
    For Lease
    $22 SF/Yr

    Iconic Detroit location, luxury retail suites.

    Lot size:
    320,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Kahn, a meticulously renovated Class A retail building (320,000 total square feet) at 7430 Second Street, offers unparalleled opportunities for discerning businesses. Originally designed by renowned architect Albert Kahn and formerly home to Saks Fifth Avenue, this 11-story, single building boasts 16-foot ceilings, expansive retail frontage, and suites ranging from a minimum of 977 square feet to a maximum contiguous space of 35,637 square feet. Located in Wayne County (APN 02-001135), with a B2 zoning designation, this property benefits from its prime location near 2nd Avenue and Lothrop Street, offering excellent walkability and convenient access to major highways. The building features modern elevators and ample on-site parking, making it an ideal location for a variety of retail concepts, from high-end fashion houses and fine dining establishments to boutique retailers. The building's historic significance, its impressive architecture (including martini column architecture), and its convenient amenities create a unique and desirable retail environment. A basement tunnel presents a unique opportunity for a creative tenant. This is a rare chance to secure space in a landmark Detroit building with a rich history and a bright future. Built in 1931 and renovated in 2022, The Kahn is listed on the National Register of Historic Places.

    Property Features for 7430 2Nd Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    320,000 SF
    Class
    A
    Total Rate
    586666.67

    Building Details

    Year Built/Renovated
    2022/2022
    Buildings
    1
    Stories
    11

    Unit(s) available at that property

    Space
    Retail Suite B
    Size
    23,908 SF
    Rate per SF
    $22
    Space
    Retail Suite A
    Size
    11,729 SF
    Rate per SF
    $22

    HighLights

    • Prestigious former Saks Fifth Avenue location.
    • Excellent walkability in a vibrant neighborhood.
    • Impressive 16‑foot ceiling heights.
    • On‑site parking available for tenants.
    • Convenient access to major highways.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Kahn Apartment Building The Residences of AK - Luxury ... Apartment Building Michigan Global Development, ... Property Management Company Bobby Lee, MD Internist National Storage Self-Storage Facility

    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
    -83.0769482
    Latitude
    42.3708924

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    FAQs

    What type of property is this?
    Restaurant - Iconic Detroit location, luxury retail suites.
    Where is this restaurant located?
    The property is located at 7430 2Nd Ave Detroit, MI.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Prestigious former Saks Fifth Avenue location.; Excellent walkability in a vibrant neighborhood.; Impressive 16-foot ceiling heights.
    Request Owner's contact information
    7430 2Nd Ave Detroit, MI 48202
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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
    7430 2Nd Ave Detroit, MI 48202
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