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1551 Winder St Detroit, MI 48207

OFF-MARKET Wedding venues Google Maps
60,000 SF Built 1891
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 60,000 square foot, five-story Class B retail building, located at 1551 Winder St, Detroit, MI 48207 (NW corner of Winder and Orleans Streets, Wayne County), presents a unique investment opportunity. Built in 1891 and extensively renovated in 2023, the property boasts a rich history and modern amenities. The building features multiple suites, with a minimum divisible space of 547 square feet and a maximum contiguous space of 6,234 square feet. A total of four suites are available within the single building. The property is ideally suited for a variety of retail uses, including storefront shops, restaurants, and event spaces. Its prime location, just two blocks from the vibrant Eastern Market, ensures high visibility and foot traffic. The building includes an elevator for convenient access to all five floors. Historically significant architectural details are preserved throughout, creating a unique and attractive environment. The lower level, formerly an art studio, offers a distinctive layout with brick tunnel corridors leading to a large open space. Retail spaces on Winder Street begin at 2,455 square feet. This property offers a blend of historic charm and modern functionality, making it an ideal location for businesses seeking a distinctive and well-located space in the heart of Detroit's Eastern Market.

Property profile

Verified
Property type Wedding venues
Year built 1891
Total area 60,000 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
  • Apartment Complex
  • Artist
  • Factory Production Facility

Value estimations

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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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