Property profile

546 Monroe St Detroit, MI 48226

OFF-MARKET
Retail properties & Spaces
52,525 SF
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Property summary

AI-generated overview

This exceptional retail opportunity is located in the vibrant heart of Detroit's Greektown, a renowned cultural, entertainment, and nightlife destination. The property, situated at 546 Monroe St, Detroit, MI 48226, offers a total of 52,525 square feet of commercial space, divided into four suites. Currently, 14,525 square feet is available for lease, with minimum divisible space of 2,300 square feet and a maximum contiguous space of 6,925 square feet. The property boasts prime street frontage on both Monroe Street and St. Antoine Street, ensuring high visibility and foot traffic. Benefiting from the proximity to the Hollywood Greektown Casino, this location enjoys significant daily traffic from both local residents and tourists, with an estimated 14,000 daily casino visitors. In addition to the street-level retail spaces, a unique opportunity exists for a tenant to lease and activate a 38,000 square foot entertainment/conference center, originally designed to accommodate approximately 1,400 guests. This presents a rare chance to establish a significant presence in one of Detroit's most dynamic districts. This Wayne County property is ideal for businesses seeking high visibility and access to a large, diverse customer base.

Property profile

Verified
Property type Retail properties & Spaces
Total area 52,525 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
  • Restaurant

Location

546 Monroe St Detroit, MI 48226
Detroit metro
Google Maps

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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