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    OFF-MARKET
    Retail properties & Spaces

    1228 Griswold St, Detroit, MI 48226

    168,000 SF 0.35 ac lot Built 2014
    Property ID
    Property summary
    AI-generated overview

    The Albert, a Class A retail property located at 1228 Griswold St, Detroit, MI 48226, offers a unique opportunity for businesses seeking a vibrant location in the heart of the city. This 168,000 square foot building, constructed in 2014 following a renovation of a historically significant structure (originally built in 1929 and listed on the National Register of Historic Places in 1980), boasts 127 suites and is situated on a 0.35-acre lot within the Capitol Park Historic District. The available retail space totals 1,239 square feet, with a minimum divisible space of 1,606 square feet. The building features one 12-story building with elevators, and is zoned B5. This prime location offers high visibility and accessibility, benefiting from the surrounding neighborhood's charm and the historic Capitol Park. The property's modern amenities, combined with its rich history and central location, make it an ideal space for a variety of retail businesses. This is a rare opportunity to secure retail space in a highly sought-after Detroit location. The building's 14,000 square feet of retail space is situated on the first floor, providing excellent street-level exposure.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2014
    Total area 168,000 SF
    Lot 0.35 ac (15,246 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Robyn Detroit Art Gallery Clothing Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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