453 Martin Luther King Jr. Blvd - Loft/Creative Space FOR SALE


Detroit, MI 48201- Cass Park
$2,500,000 USD
248-804-3381
453 Martin Luther King Jr. Blvd, Detroit, MI for Sale
$2,500,000 USD
Loft/Creative Space - FOR SALE
1/25
null | Request Cap Rate

453 Martin Luther King Jr. Blvd
Detroit, MI 48201
Cass Park


HIGHLIGHTS

  • Less than 1 mile from Little Caesars Arena, Ford Field, and Comerica Park
  • Prime Rehab Opportunity of a Late Victorian Piece of Detroit History
  • Originally a school building built in 1888 and remodeled to serve as an office in 1981

OVERVIEW

NO HISTORIC limitations on this property. Endless possibilities! Rare opportunity for Redevelopment in The Midtown Neighborhood. State and National Tax Credits offered at 20% and 25% for rehab costs IF conforming to historic preservation guidelines. In the center of LCA and Olympia Entertainment, DMC Hospital, Motor City Casino, Downtown District and Midtown In Community Benefits Impact Area for $1.5B District Detroit Development that includes a series of hotels, entertainment venues, residences, retail, and business incubators. Bring your vision and be a part of THE NEW DETROIT.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Clay School Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1888

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

SD2

APN/PARCEL ID

02-000726,02-000727,02-000728

ASK ABOUT THIS PROPERTY

Jerome Alexander DixonSignature Sotheby's International RealtyMore Info
248-804-3381

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Jerome Alexander DixonSignature Sotheby's International RealtyMore Info
248-804-3381

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.