556-560 Custer St - Manufacturing FOR SALE


Detroit, MI 48202- North End
$2,500,000 USD
313-974-1830
556-560 Custer St, Detroit, MI for Sale
$2,500,000 USD
Manufacturing - FOR SALE
1/9
null | 2.72% Cap Rate

556-560 Custer St
Detroit, MI 48202
North End


OVERVIEW

Here is a superb, cash flowing redevelopment opportunity in Detroit’s North End. This 45k square foot, Two story building is completely overbuilt and made of concrete. You could go vertical and add more stories. Use your imagination. Excellent candidate for mixed use multi family development or condominium conversion. There is a reinforced ramp that allows for vehicles or heavy machinery to be driven to the Second floor. There is an adjacent .83 acre lot that is fenced in with a vacated alleyway that bisects the site. You can use this lot for parking, new construction or both. The North End neighborhood continues to thrive. Here is your chance to take on a big exciting project and be a part of Detroits continuing growth. Property Sold AS IS

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

2.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

UTILITIES

-

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35

LAND SF

58,806

ZONING

R3

APN/PARCEL ID

03-001871

ASK ABOUT THIS PROPERTY

Alex LauerClyde Realty, LLCMore Info
313-974-1830

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Alex LauerClyde Realty, LLCMore Info
313-974-1830

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