450 Fort St Detroit, MI 48226
- Retail space
- 12,587 SF
- 0.17 lot acres
Current Use by Public Records
- National Lawyers Guild-Detroit / Non-Profit Organization
- ATM / Atm
- ICONIC Real Estate / Commercial Real Estate Agency / Real Estate Agency
- Anchor Bar / Bar / Bar & Grill
- Davis Hugh M / Attorney
Property Details for 450 Fort St
- Year built
- 1927
- Lot size
- 0.17 lot acres
- Property size
- 12,587 SF
- Zone code
- PCA
- Property type
- Retail space
- APN
- 02000179.
- APU
- 2000179
Description
This exceptional executive office space, located at 450 West Fort Street in Detroit, Michigan, offers 4,957 square feet of immediately available space within a larger 17,901 square foot building. Situated on a 0.71-acre lot, this property boasts a prime location in Wayne County, with the address 450 W Fort St, Detroit, MI 48226. Built in 1927, the building is zoned PCA and has the APN 02-000179. The property is designated as an Executive Office and is currently available for lease as multiple tenancies. The building's classic architecture offers a unique and prestigious setting for businesses seeking a sophisticated and established address. The available space presents a significant opportunity for companies looking to establish or expand their presence in the heart of Detroit. The ample square footage allows for flexible configurations to suit various business needs. This is an excellent opportunity to secure a prominent location in a thriving urban environment. The property's convenient location offers easy access to major transportation routes and a wealth of amenities. Interested parties are encouraged to inquire for further details and leasing options.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $225,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $255,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $225,000
- Mixed-Use
- $240,000
- Hospitality
- $190,000
- Educational
- $210,000
- Residential Income
- $250,000
- Energy
- $235,000
- Income-Based Land
- $195,000
- Food Service
- $215,000
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0518
- Latitude
- 42.3292
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA