Property profile

220 Congress St Detroit, MI 48226

OFF-MARKET
Commercial real estate
Property ID
US43-4289501
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional freestanding retail property at 220 W Congress St in Downtown Detroit, Michigan offers a unique opportunity for businesses seeking high-visibility space in a vibrant urban setting. Located in Wayne County, this property features a flexible layout with a minimum divisible space of 1,783 square feet and a maximum contiguous space of 5,433 square feet. Currently, the entire 5,433 square feet is vacant, presenting a blank canvas for a single tenant or the potential for multiple tenants. The building's freestanding nature ensures excellent street frontage and high visibility for maximum brand exposure. The address, 220 W Congress St, places the property in the heart of Downtown Detroit, benefiting from high foot traffic and proximity to numerous amenities and businesses. This prime location offers unparalleled access to a diverse customer base and strong potential for growth. The property's size and configuration make it suitable for a wide range of retail uses, from flagship stores to smaller boutiques. The opportunity to lease the entire space or divide it to suit specific needs provides exceptional flexibility. This is an ideal location for businesses seeking a prominent presence in a thriving urban market. The zip code is 48226. Serious inquiries are encouraged to explore this exceptional retail opportunity.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Zoning code B5
APN 23031700.29F
UPID US43-4289501

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Consultant Business Networking Company
  • Consultant
  • Shopping Center & Mall

Location

220 Congress St Detroit, MI 48226-3289
Detroit metro Census 520800 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$505k

Owner & transaction history

Zoning & alternative use

B5 · Detroit, MI
Zoning description

Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4) B4 General Business District. (5)…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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