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1446 Michigan Ave 2,450 SF of Retail Space Available in Detroit, MI 48216
HIGHLIGHTS
- High visibility at Signalized corner of Michigan Ave and Trumbull.
- Versatile retail space.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| Basement, Ste 1446 Michigan Ave | 2,450 SF | 7’4” - 7’6” | Negotiable | $30.71 CAD/SF/YR $2.56 CAD/SF/MO $75,240 CAD/YR $6,270 CAD/MO | Triple Net (NNN) |
Basement, Ste 1446 Michigan Ave
Michigan Ave facade improvements coming in 2025. This property was completely renovated as of 2018. New plumbing. New sewer lines. New HVAC. New water main. New electrical service. New concrete floor. Space was built out as retail in 2019. Originally built as a saloon in 1905, the Coughlin Building resides prominently at the historic corner of Michigan and Trumbull in Corktown. In 1920, prohibition forced the saloon underground, into the basement, where they operated an illegal “speakeasy” for many years. This space is rich in history and one can feel that history when seeing the original coat hooks used by patrons, or the check point window used to keep the speakeasy safe from authorities.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Exposed Ceiling
- Secure Storage
- Recessed Lighting
- Emergency Lighting
- After Hours HVAC Available
- Finished Ceilings: 7’4” - 7’6”
- Ventilation - Venting
- Former 1920s Speakeasy!
- Speakeasy "check point window" is still present.
- Michigan Ave Entrance and address.
- Located in the heart of Corktown.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 2,450 SF | Gross Leasable Area | 7,210 SF |
| Property Type | Retail | Year Built/Renovated | 1905/2020 |
| Property Subtype | Bar |
| Total Space Available | 2,450 SF |
| Property Type | Retail |
| Property Subtype | Bar |
| Gross Leasable Area | 7,210 SF |
| Year Built/Renovated | 1905/2020 |
ABOUT THE PROPERTY
This listing is for 1446 Michigan Ave, the last suite available in a mixed-use property. Please see brochure for details on 1446.
- 24 Hour Access
- Banking
- Property Manager on Site
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
Anthony O'Donnell
1446 Michigan Ave
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