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Property profile & analytics
FOR SALE
Office Units

3442 Mcdougall St Detroit, MI 48207

4,686 SF 0.1 ac lot Built 1903
Individually Owned 1-yr Hold
Property ID
US43-1198742
Property summary
AI-generated overview

This unique three-story, 4,686 square foot Class B creative office building, located at 3442 McDougall Street in Detroit, Michigan's McDougall-Hunt neighborhood, is available for purchase at $385,000 ($82.16/SF). Built in 1903, this property served as the former headquarters of the renowned Heidelberg Project. The building features multiple offices and classrooms, and a significant advantage is its inclusion of a fully equipped commercial kitchen on the lower level. Convenient on-site parking is available in a rear lot. The property sits on a 0.1-acre lot and is currently vacant. Its prime location is just one block from Gratiot Avenue and in close proximity to the Eastern Market District, offering easy access to numerous amenities and businesses. Nearby establishments include St. Vincent de Paul Society, Louisiana Gumbo, Liberal Arts Gallery, Joe Porters Mens Wear, Barber Station Detroit, Atlas Plumbing, and Hunt Street Station. This modified multi-tenancy building presents a compelling investment opportunity for a creative business or developer seeking a unique and historically significant property in a vibrant Detroit neighborhood. The building offers a blend of historical charm and modern functionality, making it ideal for a variety of uses. The asking price reflects the property's size, location, and unique features, presenting a strong value proposition for the right buyer.

Property profile
Verified
Property type Office Units
Year built 1903
Total area 4,686 SF
Lot 0.1 ac (4,356 SF)
UPID US43-1198742
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Detroit Food & Entrepreneurship Aca · 1 yrs held
Detroit Food & Entrepreneurship Aca
since 2024
2 recorded transactions
2024
Price N/A
2017
$490,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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