607 Shelby St Detroit, MI 48226
- Retail properties
- 6,400 SF
Current Use by Public Records
- Phoenix Flames Co / Clothing Store
- JSB Business Solutions Group / Business Management Consultant
- A|Squared Legal Group, PLC / Employment Attorney / Attorney
- TYMEYT Corporation / Software Company
- shelby / Cocktail Bar
Property Details for 607 Shelby St
- Property size
- 6,400 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 6,400 square foot restaurant space, located at 607 Shelby St, Detroit, MI 48226, presents a unique acquisition opportunity in the heart of the Central Business District. Situated on the hard corner of Shelby and Congress Streets, this three-level property boasts a prime location with high visibility. The space is comprised of 3,600 square feet of ground and first-floor dining area, complemented by a stunning 2,000 square foot second-floor "Skybridge" dining area offering breathtaking views overlooking Shelby Street. An additional 800 square feet of fully utilized basement storage provides ample space for inventory and supplies. The property underwent renovations in 2022 and includes an elevator for convenient access to all three levels. The building is currently vacant, offering a blank canvas for a new culinary venture. A 10-year lease with three 5-year renewal options, commencing September 2021, is in place, providing a potential contract term of 22 years. The acquisition price is $1,200,000. This is an unparalleled opportunity to establish a thriving restaurant business in one of Detroit's most desirable locations.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0483
- Latitude
- 42.3293
