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Property profile & analytics
OFF-MARKET
Specialty properties

5505 Michigan Ave Detroit, MI 48210

8,000 SF
Property ID
Property summary
AI-generated overview

This exceptional 8,000-square-foot church building presents a unique shared-use lease opportunity. Currently undergoing renovations with an anticipated completion date of April 30, 2024, this property offers a versatile space ideal for a variety of religious or community uses. The main sanctuary comfortably seats 120 people, and the building boasts two large classrooms perfect for educational programs, meetings, or small group gatherings. A well-equipped kitchen is conveniently located for coffee hours or other events. Additional features include a dedicated pastor's office, a 15' x 18' green room with a half-bath, and a spacious 20' x 52' fenced outdoor patio. Ample parking is provided with a 50-car capacity lot located at the rear of the building, supplemented by additional street parking along Michigan Avenue. The property is fully ADA compliant, featuring zero-grade access and accessible restrooms, ensuring inclusivity for all. The monthly lease rate is negotiable, ranging from $1,200 to $2,500. Prime time Sunday worship availability is a key feature of this offering. This is an exceptional opportunity to secure a well-maintained, spacious, and conveniently located facility. Don't miss out on this chance to establish your presence in a thriving community.

Property profile
Verified
Property type Specialty properties
Total area 8,000 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
  • BoxDrop Detroit Central Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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