623 Cass Ave Detroit, MI 48226
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.