1307 Broadway St Detroit, MI 48226
- Retail space
- 14,300 SF
- 0.08 lot acres
Current Use by Public Records
- VFD Limited / Pest Control Service
- Kia Key Replacement Detroit MI / Car Repair And Maintenance / Repair Service
Property Details for 1307 Broadway St
- Year built
- 1910
- Lot size
- 0.08 lot acres
- Property size
- 14,300 SF
- Zone code
- B5
- Property type
- Retail space
- APN
- 01004035.
- APU
- 1004035
Description
This fee-simple, 14,300 square foot office building at 1307 Broadway St, Detroit, MI 48226, presents a compelling value-add investment opportunity. Built in 1910, the Class C property offers creative, executive, and traditional office space, currently available for occupancy on October 24, 2023. The asking price is $2,240,000 ($156.64/sq ft). The building boasts frontage on Broadway Avenue and "The Belt" alleyway, placing it in the heart of Downtown Detroit's Arts District. Its exceptional location offers incredible branding opportunities and unparalleled access to major attractions. Within walking distance are Campus Martius, Little Caesars Arena, Comerica Park, Ford Field, the Detroit Opera House, Fox Theatre, and the Fillmore Theatre. Nearby are the Shinola and Element Hotels, and the Q Line. The high-traffic location (10,581 vehicles per day on Broadway Street) and proximity to two major universities (Wayne State and Detroit Mercy), along with numerous Fortune 500 companies headquartered in Michigan, ensures strong tenant demand. This property offers a unique blend of historical charm and modern potential in a thriving urban environment.
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
- -83.046
- Latitude
- 42.3346
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
