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Property profile & analytics
OFF-MARKET
Warehouses

623 Cass Ave Detroit, MI 48226

96,600 SF
Property ID
Property summary
AI-generated overview

This exceptional 96,600 square foot, seven-story building presents a unique redevelopment opportunity in the heart of Detroit's Central Business District. Located at 623 Cass Avenue, this property boasts a prime location within six blocks of Campus Martius Park, offering unparalleled access to the city's vibrant amenities and bustling activity. Currently zoned PCA (Public Center Adjacent), the building's adaptable layout and substantial square footage allow for a wide range of development possibilities. Imagine transforming this loft-style brick and beam structure into a modern apartment complex, a stylish boutique hotel, contemporary office spaces, secure storage facilities, or a dynamic mixed-use development. The building's existing character provides a strong foundation for a creative and lucrative project. The asking price for this significant investment opportunity is $4,500,000. This property is classified as both retail and industrial, currently operating as a storefront and warehouse, making it suitable for a variety of uses. Its central location in Wayne County, Michigan, zip code 48226, ensures high visibility and accessibility. The building's substantial size and prime location make it an ideal candidate for a transformative project that will contribute to the ongoing revitalization of Downtown Detroit. Detailed plans and specifications are available upon request.

Property profile
Verified
Property type Warehouses
Total area 96,600 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
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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