3500 John R St Detroit, MI 48201
- Specialty properties
- 24,000 SF
- 0.72 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 3500 John R St
- Lot size
- 0.72 lot acres
- Property size
- 24,000 SF
- Property type
- Specialty properties
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.055
- Latitude
- 42.3478
