Property summary
The property is located in Detroit’s NW Goldberg neighborhood and consists of a historic landmark building at 5961 14th Street (formerly known as Finn Hall) plus 13 additional parcels. The landmark building is a 31,441-square-foot, three-story structure that has had substantial structural and system upgrades, including a replaced roof, new windows, new steel beams, new subflooring, and upgraded electrical. The interior had been gutted and the building is configured as a redevelopable shell suitable for redevelopment into mixed-use, residential, community, or commercial uses. The combined parcels total approximately 1.47 acres and are situated along 14th Street, 15th Street, and McGraw, providing land area that can support parking, outdoor amenities, and/or future expansion. The site is positioned near the Motown Museum area, Henry Ford Hospital’s campus, the Detroit Pistons facility, and the Dreamtroit + Lincoln Street Art Park.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
), eff. 5-28-2005) Sec. 50-7-3. - 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)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), eff. 5-28-2005) Sec. 50-7-3. - 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)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
), eff. 5-28-2005) Sec. 50-7-3. - 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)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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