Property summary
This unique 3,881 square foot retail and office property is situated on the highly visible northeast corner of Second Avenue and Martin Luther King Jr. Boulevard in Detroit, Michigan, zip code 48201. The single-tenant building presents a compelling investment opportunity for a variety of uses. The existing structure offers the flexibility to be retrofitted to suit a specific tenant's needs, expanded to increase square footage, or completely redeveloped to maximize its potential. Its prime location at a major intersection ensures high visibility and accessibility, making it ideal for a business seeking significant foot traffic and brand exposure. The current ownership is actively seeking a tenant who shares a vision for enhancing the surrounding area and contributing positively to the community. This property is a blank canvas for a forward-thinking business looking to establish a strong presence in a vibrant and developing part of Detroit. The property's address is 3500 Second Avenue, Detroit, MI 48201. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Transitional-Industrial District. (6) PR Parks and Recreation District. (7) W1 Waterfront-Industrial District. (8) MKT Market and Distribution District. (9) SD1 Special Development District, Small-Scale, Mixed-Use. (10)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
SD2 · Detroit, MITransitional-Industrial District. (6) PR Parks and Recreation District. (7) W1 Waterfront-Industrial District. (8) MKT Market and Distribution District. (9) SD1 Special Development District, Small-Scale, Mixed-Use. (10)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Transitional-Industrial District. (6) PR Parks and Recreation District. (7) W1 Waterfront-Industrial District. (8) MKT Market and Distribution District. (9) SD1 Special Development District, Small-Scale, Mixed-Use. (10)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SD2 in Detroit, MI.
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