Property profile

1228 Griswold St Detroit, MI 48226

OFF-MARKET
Retail properties & Spaces
168,000 SF 0.35 ac lot Built 2014
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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

Current use

Occupant on record · Public records
  • Art Gallery Clothing Store

Location

1228 Griswold St Detroit, MI 48226
Detroit metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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