Charlevoix Street

Office for Sale
Also listed as Multi-Family
Catylist Listing ID: 30614232
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 20,000 SF
Gross Building Area: See Agent
Sale Price: $2,350,000
Unit Price: $117.50 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/18/2021

Overview / Comments

This well maintained 5 story loft building is located adjacent to Detroit's famous Eastern Market and 1.5 miles from downtown Detroit. This building is in great condition and includes 2 fenced lots on the side of the building, providing 4200 sq ft of surface parking, is ready for either a single occupant or a developer who is looking to create office/retail space and/or residential lofts. Each floor has over 4000 sq. feet of open space, high ceilings, and hardwood floors. The building's elevator and fire suppression system were installed in 2001, and a new roof in 2016. Also, the 4th floor has open concept office space. In addition, there are 3 contiguous lots directly across the street totaling over 9,975 sq ft, and 3 contiguous lots directly behind the building, totaling over 9,834 sq ft., can be negotiated and included. These 6 lots are ready to be developed into new residential or commercial units and ideal for a buyer seeking an opportunity.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Tax ID/APN: W11I001188S
Number of Stories: 5
Typical SF / Floor: 4,000 SF
Roof Type: Flat
Construction/Siding: Brick

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,869 108,782 317,455
Median Age: 40.76 38.76 35.12
Households: 8,419 49,750 122,630

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